Sunset Park Mixed-Use
519 54th Street Brooklyn, NY 11220
519 54th Street, Brooklyn, NY, 11220
$1,990,000
For Sale
$1,990,000
Mixed-use building with residential and commercial units in Brooklyn.
Property Size2,880 SF
Price / SF$690.97
Days on Market142
Property Features for 519 54th Street
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Renzhang Danny Dong · License #Rd7348
(718) 612-3088
Source
Compass
Added: Mar 2 Updated: Jul 10 at 3:54PM Checked: Jul 21 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, this semi-detached, solid brick building presents an investment opportunity. The property features four residential units and a professional doctor’s office on the ground level, providing a diversified income stream. The residential units are well-proportioned and benefit from natural light. The medical office offers commercial tenancy potential, suitable for end-users or investors seeking long-term stability. The property is located minutes from New York City Subway lines (N, R, D trains), facilitating access throughout New York City. The property is near Sunset Park, known for skyline views, and various shopping, dining, and local amenities along 5th and 8th Avenues. The property size is 2880 square feet.
Key Highlights
- Prime mixed‑use property in rapidly growing Sunset Park.
- Four residential units plus a professional doctor’s office provide a diversified income stream.
- Convenient access to N, R, and D subway lines.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.2k | $48.00 |
| − Vacancy | −$11.1k | −$3.84 |
| EGI | $127.2k | $44.16 |
| − OpEx | −$47.7k | −$16.56 |
| NOI | $79.5k | $27.60 |
2,880 SF · lease $48.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.14M
$993.6K – $1.32M
NOI $79,488 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,692 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
your dream wedding
Wedding Service
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with residential and commercial units in Brooklyn.
Where is this mixed-use property located?
The property is located at 519 54th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime mixed‑use property in rapidly growing Sunset Park.; Four residential units plus a professional doctor’s office provide a diversified income stream.; Convenient access to N, R, and D subway lines.
