New Office Condo
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 Market51
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.
(718) 680-2776
Listed By:
Weixing (Winston) Lao
(718) 680-2776
Added: Jun 14
Changed: Jun 15
Last Checked: Aug 3 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This offering is for newly built commercial office condos at 828 57th Street. The floor available is 1,625 square feet, and the property includes a 22-year tax abatement. The configuration is presented as a flexible commercial space that can support office-based operations, including youth or senior centers, home care companies, medical offices, training facilities, and nonprofit organizations.
Access and daily convenience are part of the appeal. The property is described as very convenient to transportation, with the N train station and the B70 bus stop located minutes away. The surrounding area is also described as close to restaurants, supermarkets, and pharmacies.
The space is positioned for organizations that need an office environment with room for program-driven services. Based on the stated compatible uses, it may also be considered by operators looking for a location suited to children’s play-related programming or community services alongside office uses. Zoning is listed as R6, and the tax abatement may be relevant to parties evaluating ongoing operating costs. This is a for-sale opportunity for buyers seeking a new-build commercial office floor in a well-served area with accessible transit options.
Access and daily convenience are part of the appeal. The property is described as very convenient to transportation, with the N train station and the B70 bus stop located minutes away. The surrounding area is also described as close to restaurants, supermarkets, and pharmacies.
The space is positioned for organizations that need an office environment with room for program-driven services. Based on the stated compatible uses, it may also be considered by operators looking for a location suited to children’s play-related programming or community services alongside office uses. Zoning is listed as R6, and the tax abatement may be relevant to parties evaluating ongoing operating costs. This is a for-sale opportunity for buyers seeking a new-build commercial office floor in a well-served area with accessible transit options.
Key Highlights
- Brick construction for the commercial condo building
- Commercial condo space measures 1,625 SF
- 22‑year tax abatement in place
Financial Insights For Office B
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 | $81.9k | $50.40 |
| − Vacancy | −$17.2k | −$10.58 |
| EGI | $64.7k | $39.82 |
| − OpEx | −$16.2k | −$9.95 |
| NOI | $48.5k | $29.86 |
1,625 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly built Brooklyn office space with 22-year tax abatement, suited for medical, home care, training, and nonprofit uses.
Where is this office units 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: Brick construction for the commercial condo building; Commercial condo space measures 1,625 SF; 22‑year tax abatement in place
