Duplex Office Condo
For Sale
$679,000
6911 Shore Road, Brooklyn, NY 11209
COMMERCIAL - Brooklyn, NY
Property Size1,496 SF
Lot Size0.24 Acres
Price / SF$453.88
Days on Market795
Property Features for 6911 Shore Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6A
Subdivision
Bay Ridge
Standard status
Active
Size
1,496 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
9507
Building Details
Year built
2002
Number of units
1
Building materials
Block
Roof type
Flat
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Charles A. Fabbella
(718) 238-6080
Added: Jun 5, 2024
Changed: Aug 4
Last Checked: Aug 8 at 5:06AM
MLS# 483649
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.
Own a unique commercial condo at 6911 Shore Road featuring an approximately 1,500-square-foot duplex first-floor office unit. The layout includes two bathrooms, built-in counters, and lots of storage and closet space designed for professional use.
Set on a 0.2423-acre lot, the building is constructed of block materials and has a flat roof. The property is zoned R6A and was built in 2002. The condo sits across from Shore Road Park, near the 69th Street Pier and the 69th Street Ferry.
This configuration is well suited for an office-based business looking for ownership of a dedicated unit in a commercial condo setting.
Set on a 0.2423-acre lot, the building is constructed of block materials and has a flat roof. The property is zoned R6A and was built in 2002. The condo sits across from Shore Road Park, near the 69th Street Pier and the 69th Street Ferry.
This configuration is well suited for an office-based business looking for ownership of a dedicated unit in a commercial condo setting.
Key Highlights
- Approximately 1,500 SF duplex first‑floor office condo unit
- Two bathrooms with storage and closet space
- 0.2423‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,322
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 1,496 SF
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.
Gross rent
$64.6K $43.20/SF
− Vacancy
−$14.9K −$9.94/SF
EGI
$49.8K $33.26/SF
− OpEx
−$12.4K −$8.32/SF
NOI
$37.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Office B
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,708 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Duplex first-floor office condo with two bathrooms, substantial storage, and R6A zoning in Brooklyn.
Where is this office units located?
The property is located at 6911 Shore Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Approximately 1,500 SF duplex first‑floor office condo unit; Two bathrooms with storage and closet space; 0.2423‑acre lot
