Luxury Atelier in Sunset
821 39th St Brooklyn, NY 11232
For Sale
$2,190,000
Turnkey, two-story luxury atelier and designer showroom in Brooklyn.
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$876
Days on Market98
Property Features for 821 39th St
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.08 Acres
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Homemax Realty Inc
(929) 460-0008
Listed By:
Yeeon Lu · License #10491214007
(929) 460-0008
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 6:46AM
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 Homemax Realty Inc
Investment Insights
Based on property information with market context.
This two-story luxury atelier and designer showroom features finished walls, architectural ceilings, and a premium material palette with White & Red Oak throughout the gallery level and bamboo detailing in the upstairs private studio. Enhanced by private parking and a second-floor terrace, this property is a refined brand headquarters. The versatile two-story commercial building is located in Sunset Park and spans approximately 2,500 interior square feet on a 3,500 square-foot lot. Built in 2000, it is equipped with four separate HVAC systems to support flexible layouts and multi-tenant use. It is located minutes from public transit, including the NYC Subway D line at 9th Avenue Station, set within a high-foot-traffic residential-and-commercial corridor offering visibility and steady customer flow. The location has a bike score of 79, a walk score of 98, and a transit score of 100.
Key Highlights
- Turnkey, two‑story luxury atelier/designer showroom with high‑end finishes.
- Prime Sunset Park location with high visibility, foot traffic, and excellent transit access.
- Versatile 2,500 sq ft commercial building on a 3,500 sq ft lot.
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 | $194.4k | $77.76 |
| − Vacancy | −$23.1k | −$9.25 |
| EGI | $171.3k | $68.51 |
| − OpEx | −$51.4k | −$20.55 |
| NOI | $119.9k | $47.95 |
2,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,886 @ 7.0% cap · market cap 5.47%
Second Best
Office B
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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- Aja Tile & Marble — 917 E 51st St, Brooklyn, NY 11203
Frequently Asked Questions
What type of property is this?
Showroom - Turnkey, two-story luxury atelier and designer showroom in Brooklyn.
Where is this showroom located?
The property is located at 821 39th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Turnkey, two‑story luxury atelier/designer showroom with high‑end finishes.; Prime Sunset Park location with high visibility, foot traffic, and excellent transit access.; Versatile 2,500 sq ft commercial building on a 3,500 sq ft lot.
