Building Details

Year built 2019

Building materials Brick

Roof type Flat

Listing Agency: Tiger Realty

Listed By: Emily Hui Chen-Liang Show Phone

Added: Jan 20 Changed: Oct 10 Last Checked: Oct 22 at 3:06PM

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MLS# 498511

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,476-square-foot office unit is arranged for professional use with two private offices, a conference room, reception and waiting areas, and a half bath. The space is currently configured for a law firm and includes a separate entrance and elevator access. Brick construction, a flat roof, and a 2019 build date further define the property. R6A zoning is in place.

The property is positioned at 58th St and 6th Ave in Brooklyn, near 8th Avenue and a train station. Its location provides access to established neighborhood activity and public transportation. The office layout offers a combination of enclosed work areas, meeting space, and front-of-house reception functions within a compact commercial setting.

Key Highlights

• 1,476‑square‑foot office unit with two private offices, conference room, reception area, and half bath
• Separate entrance and elevator access
• R6A zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,076

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$881,520 $881.5K

Cap Rate 7%

$629,657 $629.7K

Cap Rate 9%

$489,733 $489.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,476 SF

Gross rent

$74.4K $50.40/SF

− Vacancy

−$15.6K −$10.58/SF

EGI

$58.8K $39.82/SF

− OpEx

−$14.7K −$9.95/SF

NOI

$44.1K $29.86/SF

Area

ZIP 11220

Vacancy

21.00%

Lease Rate

$50.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$881,520

Cap Rate 7%

$629,657

Cap Rate 9%

$489,733

Alternative Uses

Best Use

Office B

$629.7K

$551.0K – $734.6K (±1% cap)

NOI $44,076 @ 7.0% cap · market cap 6.31%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$956.9K

$837.3K – $1.12M (±1% cap)

NOI $66,980 @ 7.0% cap · market cap 9.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Meredian Medical Trans Department Of Transportation

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

7,048

Businesses Nearby

Explore this area Business Placement

Demographics for 11220, NY

105,797

Population

30,897

Households

3.4

Avg Household Size

35

Median Age

25%

College-Educated

62%

High-School Grad

1.7 sq mi

ZIP Area

62,234

Density / Sq Mi

$64,201

Median Household Income

$31,489

Median Earnings

$1,688

Median Rent

$1,021,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Brick office property with elevator access, a separate entrance, and a reception area.

Where is this office unit located?

The property is located at 5811 6th Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 1,476‑square‑foot office unit with two private offices, conference room, reception area, and half bath; Separate entrance and elevator access; R6A zoning