Sunset Park Two-Story Commercial
For Sale
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821 39th Street, Brooklyn, NY 11232
Two-story commercial building in Sunset Park, Brooklyn, built in 2000.
Property Size3,500 SF
Lot Size0.08 Acres
Price / SF$571.14
Days on Market221
Property Features for 821 39th Street
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.08 Acres
Property subtype
Office
Building Details
Year Built
2000
Stories
2
Units
2
Listing Agency:
CENTURY 21 Zaloom Realty
Listed By:
Allen Luo · License #10491214007
(929) 460-0008
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 25 at 9:54AM
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 CENTURY 21 Zaloom Realty
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Investment Insights
Based on property information with market context.
Located in Sunset Park, this two-story commercial building offers approximately 2,500 square feet of interior space on a 3,500 square foot lot. Constructed in 2000, the property is suitable for various business or investment uses. The building features four HVAC systems, providing flexibility for different layouts or potential multi-tenant occupancy. Situated in a high-traffic area with both residential and commercial activity, the location offers excellent visibility and steady foot traffic. The property is located minutes from public transportation, including the 9th Avenue station on the New York City Subway D Line, providing easy accessibility for customers and employees. This Brooklyn location is ideal for establishing or expanding a business.
Key Highlights
- Prime location in Sunset Park, Brooklyn, with high visibility and foot traffic
- Excellent accessibility to public transportation, including the 9th Avenue D Line station
- Approximately 2,500 sq ft of interior space on a 3,500 sq ft lot, suitable for various business uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,318
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,360
$1.7M
Cap Rate 7%
$1,247,400
$1.2M
Cap Rate 9%
$970,200
$970.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$151.2K $43.20/SF
− Vacancy
−$34.8K −$9.94/SF
EGI
$116.4K $33.26/SF
− OpEx
−$29.1K −$8.32/SF
NOI
$87.3K $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 Rate 5%
$1,746,360
Cap Rate 7%
$1,247,400
Cap Rate 9%
$970,200
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,318 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial building in Sunset Park, Brooklyn, built in 2000.
Where is this office building 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: Prime location in Sunset Park, Brooklyn, with **high visibility and foot traffic**; Excellent accessibility to public transportation, including the 9th Avenue D Line station; Approximately 2,500 sq ft of interior space on a 3,500 sq ft lot, suitable for various business uses
