Ground-Floor Office Condo with Street
For Sale
$1,099,000
664 New York Avenue, Brooklyn, NY 11203
COMMERCIAL - Brooklyn, NY
Property Size2,286 SF
Price / SF$480.75
Days on Market166
Property Features for 664 New York Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Subdivision
Lefferts Garden
Standard status
Active
Building Details
Year built
2016
Number of units
1
Building materials
Brick, Steel
Roof type
Flat, Rubber
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Added: Feb 17
Changed: Aug 1
Last Checked: Aug 2 at 3:06AM
MLS# 498906
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.
Investment Insights
Based on property information with market context.
Ground-floor office condo designed as a large, open space of approximately 2,286 SF, with modern floor-to-ceiling windows. The unit includes prominent street-facing appeal with approximately 77 feet of street frontage.
Located at 664 New York Avenue in Brooklyn (11203), the property is set in a commercial context and is zoned R6. Construction materials include brick and steel, with a flat rubber roof system, and the building was built in 2016. Public remarks also cite convenience to SUNY Downstate Hospital and the 2/5 trains, with close proximity to Prospect Park and Flatbush Avenue.
For an owner-user or a tenant seeking adaptable office presentation at the ground level, the combination of open layout, abundant glazing, and substantial frontage is geared toward storefront-style visibility while remaining an office condominium format.
Located at 664 New York Avenue in Brooklyn (11203), the property is set in a commercial context and is zoned R6. Construction materials include brick and steel, with a flat rubber roof system, and the building was built in 2016. Public remarks also cite convenience to SUNY Downstate Hospital and the 2/5 trains, with close proximity to Prospect Park and Flatbush Avenue.
For an owner-user or a tenant seeking adaptable office presentation at the ground level, the combination of open layout, abundant glazing, and substantial frontage is geared toward storefront-style visibility while remaining an office condominium format.
Key Highlights
- Approximately 2,286 SF of open ground‑floor office space
- Approximately 77 feet of street frontage
- Modern floor‑to‑ceiling windows
Financial Insights For Office B
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 | $98.8k | $43.20 |
| − Vacancy | −$22.7k | −$9.94 |
| EGI | $76.0k | $33.26 |
| − OpEx | −$19.0k | −$8.32 |
| NOI | $57.0k | $24.95 |
2,286 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,624 @ 7.0% cap · market cap 9.97%
Second Best
Office B
$814.7K
$712.9K – $950.5K
NOI $57,031 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,497 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor office condo featuring modern floor-to-ceiling windows in an R6 zoning district.
Where is this office units located?
The property is located at 664 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Approximately 2,286 SF of open ground‑floor office space; Approximately 77 feet of street frontage; Modern floor‑to‑ceiling windows
