New Office
For Sale
$1,295,000
828 57th Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size1,625 SF
Lot Size0.06 Acres
Price / SF$796.92
Days on Market146
Property Features for 828 57th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
1,625 SF
Lot size
0.06 Acres
Building Details
Number of units
1
Building materials
Brick
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Weixing (Winston) Lao
(718) 680-2776
Added: Jun 14
Changed: Oct 10
Last Checked: Nov 6 at 8:06AM
MLS# 502299
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is located within a new brick building and provides 1,625 square feet of commercial space. The property carries R6 zoning and includes a 22-year tax abatement.
The property is positioned near the N train station and the B70 bus stop in Brooklyn. Restaurants, supermarkets, and pharmacies are also located nearby, adding convenient access to everyday services.
The property is positioned near the N train station and the B70 bus stop in Brooklyn. Restaurants, supermarkets, and pharmacies are also located nearby, adding convenient access to everyday services.
Key Highlights
- 1,625‑square‑foot office unit
- New brick building
- R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,526
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,520
$970.5K
Cap Rate 7%
$693,229
$693.2K
Cap Rate 9%
$539,178
$539.2K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$81.9K $50.40/SF
− Vacancy
−$17.2K −$10.58/SF
EGI
$64.7K $39.82/SF
− OpEx
−$16.2K −$9.95/SF
NOI
$48.5K $29.86/SF
Area
ZIP 11220
Vacancy
21.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,520
Cap Rate 7%
$693,229
Cap Rate 9%
$539,178
Alternative Uses
Best Use
Office B
$693.2K
$606.6K – $808.8K
NOI $48,526 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$470.7K
$411.8K – $549.1K
NOI $32,947 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,741 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - New office unit with R6 zoning and convenient access to nearby transit.
Where is this office unit located?
The property is located at 828 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1,625‑square‑foot office unit; New brick building; R6 zoning
