Occupied Sixth-Floor Office
For Sale
$1,068,000
6-867 53rd St, Brooklyn, NY 11232
Sixth-floor office unit in an elevator building with an existing educational tenant.
Property Size1,335 SF
Price / SF$800
Days on Market200
Property Features for 6-867 53rd St
General Information
Standard status
Active
Size
1,335 SF
Elevators
Yes
Occupancy
100%
Financials
Gross Income
$54,000
HOA Fee
$545
Additional Details
Floor
6
Office Units
1
Taxes and HOA fees
Annual Taxes
$678
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
momentum real estate llc
(888) 407-0887
Listed By:
Yan Mei (Jamie) Zheng
(718) 382-0001
Source:
Exprealty
Added: Apr 2
Changed: Oct 3
Last Checked: Oct 16 at 2:54PM
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 momentum real estate llc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,335-square-foot office condominium occupies the sixth floor of an elevator building in Sunset Park. The unit is currently occupied by a tenant operating a cram school for children, providing an established educational use within the space.
The property is one of seven commercial condominium units available in the offering, with the option to purchase the units together. A 15-year tax abatement is associated with the property. The address is 6-867 53rd St, Brooklyn, NY.
The property is one of seven commercial condominium units available in the offering, with the option to purchase the units together. A 15-year tax abatement is associated with the property. The address is 6-867 53rd St, Brooklyn, NY.
Key Highlights
- 1,335‑square‑foot sixth‑floor office condominium
- Currently occupied by a tenant operating a cram school for children
- One of seven commercial condominium units available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,306
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,120
$666.1K
Cap Rate 7%
$475,800
$475.8K
Cap Rate 9%
$370,067
$370.1K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$57.7K $43.20/SF
− Vacancy
−$13.3K −$9.94/SF
EGI
$44.4K $33.26/SF
− OpEx
−$11.1K −$8.32/SF
NOI
$33.3K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,120
Cap Rate 7%
$475,800
Cap Rate 9%
$370,067
Alternative Uses
Best Use
Office B
$475.8K
$416.3K – $555.1K
NOI $33,306 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$967.2K – $1.29M
NOI $77,377 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Sixth-floor office unit in an elevator building with an existing educational tenant.
Where is this office units located?
The property is located at 6-867 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: 1,335‑square‑foot sixth‑floor office condominium; Currently occupied by a tenant operating a cram school for children; One of seven commercial condominium units available
