Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office buildings

    828 57Th St, Brooklyn, NY 11220

    12,862 SF 0.06 ac lot Built 1920
    Entity Owned 9-yr Hold
    Property ID
    US63-0864378
    Property summary
    AI-generated overview

    This exceptional commercial condo, located at 828 57th Street, Unit 4 in Brooklyn, NY 11220, presents a fantastic investment opportunity. The 1,625 square foot space is situated on the second floor of a new building in the vibrant Sunset Park neighborhood. Boasting an 8-10 foot ceiling height, this versatile unit is ideal for a variety of uses. The property is a commercial condo with one unit, situated on a 2,500 square foot lot. The asking price is $1,350,000. Benefit from a significant 15-year tax abatement, substantially reducing your operating costs. This prime location offers unparalleled convenience, with easy access to public transportation, including the N train and the B70 bus. Nearby amenities include a wide array of restaurants, supermarkets, and pharmacies. The property's adaptability makes it suitable for various businesses, including but not limited to youth or senior centers, home care companies, medical offices, training facilities, non-profit organizations, and even a children's playground. Don't miss this chance to establish your business in this thriving Brooklyn community. This is a rare opportunity to acquire a well-located, spacious, and financially advantageous commercial property.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1920
    Total area 12,862 SF
    Lot 0.06 ac (2,504 SF)
    Zoning code R6
    APN 05693-0017
    UPID US63-0864378
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.07M
    Blend (final) Blend
    $3.30M
    Owner & transaction history
    Hong Yuan Property LLC · 9 yrs held
    Hong Yuan Property LLC
    since 2016
    5 recorded transactions
    2016
    $2.1M
    2015
    2015
    $120,000
    1969
    1969
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message