Sunset Park Commercial Condos For
832 40th St C2, Brooklyn, NY 11232
For Sale
$1,420,000
Newly built commercial condos suitable for various businesses.
Property Size3,239 SF
Lot Size0.06 Acres
Price / SF$802.26
Days on Market245
Property Features for 832 40th St C2
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Stories
Listing Agency:
Fang Fang Realty Inc
Listed By:
XueFang (Sue) Li
(718) 676-2518
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Oct 28 at 2:41PM
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 Fang Fang Realty Inc
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Investment Insights
Based on property information with market context.
Commercial condos are available for sale in Sunset Park. The first floor and cellar are being sold as a package. The first floor offers 1770 square feet of space, while the cellar provides 1469 square feet. These spaces are suitable for senior centers, home care companies, medical offices, training facilities, non-profit organizations, and children’s playgrounds. The property benefits from convenient transportation options, located minutes away from the D train station and the B70 bus stop. Additionally, it is close to restaurants, supermarkets, and pharmacies, offering convenient access to neighborhood amenities.
Key Highlights
- Prime Sunset Park location suitable for various commercial uses like senior centers and medical offices.
- Package deal: Includes the first floor (1770 SqFt) and cellar (1469 SqFt).
- Newly built commercial condos.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,158
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,160
$883.2K
Cap Rate 7%
$630,829
$630.8K
Cap Rate 9%
$490,644
$490.6K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$76.5K $43.20/SF
− Vacancy
−$17.6K −$9.94/SF
EGI
$58.9K $33.26/SF
− OpEx
−$14.7K −$8.32/SF
NOI
$44.2K $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%
$883,160
Cap Rate 7%
$630,829
Cap Rate 9%
$490,644
Alternative Uses
Best Use
Office B
$630.8K
$552.0K – $736.0K
NOI $44,158 @ 7.0% cap · market cap 3.11%
Second Best
Healthcare Medical
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,589 @ 7.0% cap · market cap 7.22%
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
4,588
Businesses Nearby
Under-served
Demand for This Use
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
$782,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Brooklyn, NY
Properties on Market for Medical Office Space in Brooklyn
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly built commercial condos suitable for various businesses.
Where is this medical office space located?
The property is located at 832 40th St C2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Prime Sunset Park location suitable for various commercial uses like senior centers and medical offices.; Package deal: Includes the first floor (1770 SqFt) and cellar (1469 SqFt).; Newly built commercial condos.
