Brooklyn Retail Space For
For Sale
$880,000
611 53rd St C1, Brooklyn, NY 11220
Prime commercial space with high visibility and strong foot traffic.
Property Size1,208 SF
Price / SF$728.48
Days on Market100
Property Features for 611 53rd St C1
General Information
Standard status
Active
Size
1,208 SF
Property subtype
Commercial
Building Details
Year Built
2025
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Fei Chan Lin · License #FCL4532
(917) 708-9966
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 10:08AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This commercial space for sale is located at 611 53rd Street in Brooklyn, NY. The property offers approximately 1,208 sq ft of space on the first floor. The location provides excellent visibility and strong foot traffic. It is conveniently situated near public transportation, shopping, and major thoroughfares. The property is suitable for a variety of business uses. The monthly HOA is $550. The location has a bike score of 76, indicating it is very bikeable. The walk score is 95, designating it as a walker's paradise, and the transit score is 95, identifying it as a rider's paradise. This property presents an opportunity for both owner-users and investors with strong income potential.
Key Highlights
- Walker's Paradise: Walk Score of 95 indicates excellent walkability.
- Rider's Paradise: Transit Score of 95 signifies exceptional public transportation access.
- Prime commercial space with excellent visibility and strong foot traffic.
Financial Insights For Retail
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 | $50.7k | $42.00 |
| − Vacancy | −$5.2k | −$4.28 |
| EGI | $45.6k | $37.72 |
| − OpEx | −$13.7k | −$11.31 |
| NOI | $31.9k | $26.40 |
1,208 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$455.6K
$398.7K – $531.6K
NOI $31,893 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.1K
$685.2K – $913.6K
NOI $54,818 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,363
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 20%
Dining 14%
Apparel 8%
Key Food
Groceries
17,068 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
15,635 visits/mo
0.5 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.3 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.3 miles
Bravo Supermarkets
Groceries
5,355 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime commercial space with high visibility and strong foot traffic.
Where is this retail space located?
The property is located at 611 53rd St C1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Walker's Paradise: Walk Score of 95 indicates excellent walkability.; Rider's Paradise: Transit Score of 95 signifies exceptional public transportation access.; Prime commercial space with excellent visibility and strong foot traffic.
