Two-Story Commercial Building with
821 39th Street Brooklyn, NY 11232
For Sale
$1,999,000
COMMERCIAL - Brooklyn, NY
Property Size3,500 SF
Lot Size0.06 Acres
Price / SF$571.14
Days on Market136
Property Features for 821 39th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2
Parking features
Carport
Standard status
Active
Size
3,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
19733
Building Details
Year built
2000
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Block, Brick, Steel
Roof type
Flat
Listing Agency:
Kirin Real Estate LLC
(929) 460-0008
Listed By:
Allen Z. Luo · License #10491214007
(929) 460-0008
Added: Mar 17
Changed: Jul 28
Last Checked: Jul 30 at 6:06AM
MLS# 499743
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.
Located at 821 39th Street in Brooklyn, this two-story commercial building is presented as a turnkey luxury atelier and designer showroom. The gallery level features finished walls, architectural ceilings, and a white and red oak material palette, while the upstairs private studio includes bamboo detailing. The property also offers private parking and a second-floor terrace.
The building is in Sunset Park and is described as minutes from public transit, including the NYC Subway D line at 9th Avenue Station.
Built in 2000, the property is set on a 3,500-square-foot lot with approximately 2,500 square feet of interior space. Zoning is listed as M1-2, and the building is equipped with four separate HVAC systems, supporting flexible layout potential.
The building is in Sunset Park and is described as minutes from public transit, including the NYC Subway D line at 9th Avenue Station.
Built in 2000, the property is set on a 3,500-square-foot lot with approximately 2,500 square feet of interior space. Zoning is listed as M1-2, and the building is equipped with four separate HVAC systems, supporting flexible layout potential.
Key Highlights
- Turnkey, two‑story luxury atelier and designer showroom with high‑end finishes.
- Approximately 2,500 sq ft commercial building on a 3,500 sq ft lot in Sunset Park.
- Premium material palette including White & Red Oak and bamboo detailing.
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 | $272.2k | $77.76 |
| − Vacancy | −$32.4k | −$9.25 |
| EGI | $239.8k | $68.51 |
| − OpEx | −$71.9k | −$20.55 |
| NOI | $167.8k | $47.95 |
3,500 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $167,841 @ 7.0% cap · market cap 8.40%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,084 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Richter Caterers — 2517 avenue i, brooklyn, ny 11210
- Meisners Catering — 2924 Avenue I, Brooklyn, NY 11210
- Grace kitchen — 1784 Flatbush Ave, Brooklyn, NY 11210
- Metropolitan Food Services — 2900 Bedford Ave, Brooklyn, NY 11210
- Exquisite Bartending Services LLC — 1623 Flatbush Ave Suite# 274, Brooklyn, NY 11210
Frequently Asked Questions
What type of property is this?
Flex space - Turnkey designer showroom with finished gallery level, upstairs private studio, private parking, and a second-floor terrace.
Where is this flex space located?
The property is located at 821 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Turnkey, two‑story luxury atelier and designer showroom with high‑end finishes.; Approximately 2,500 sq ft commercial building on a 3,500 sq ft lot in Sunset Park.; Premium material palette including White & Red Oak and bamboo detailing.
