Sunset Park Commercial Condos For
832 40th Street C2, Brooklyn, NY 11232
Newly built commercial condos suitable for various businesses.
Type:Commercial/Industrial
Property size:
3,239 SFLot size:
0.06 AcresPrice / SF:
$438/SF- Added:
- Mar 11, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 2:32 am
Property Features for 832 40th Street C2
General Information
- Standard status
- Active
- Size
- 3,239 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial/Industrial
Listing agent XueFang (Sue) Li
Listing office Fang Fang Realty Inc (718) 676-2518
Listing date Mar 11, 2026
Source Exitrealty
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
HighLights
- Newly built commercial condo in Sunset Park.
- Package deal: First floor (1770 SqFt) and cellar (1469 SqFt) included.
- Suitable for various businesses: senior centers, medical offices, training facilities, etc.
- Convenient transportation: Minutes from D train and B70 bus.
- Prime location for starting a business.
- Close to restaurants, supermarkets, and pharmacies.
Overview
Newly built commercial condos are available for sale in Sunset Park. The first floor and cellar are being sold as a package, offering a combined space of 3239 square feet. The first floor provides 1770 square feet, while the cellar offers 1469 square feet. These spaces are suitable for various uses, including senior centers, home care companies, medical offices, training facilities, non-profit organizations, and children’s playgrounds. The property benefits from convenient transportation options, being located minutes away from the D train station and the B70 bus stop. It is also situated close to restaurants, supermarkets, and pharmacies, offering easy access to essential amenities. This location presents an opportunity to establish a business in a prime area.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.10M
NOI $98,883 @ 9.00% cap · cautious / downside scenario
Moderate
$1.41M
NOI $98,883 @ 7.00% cap · market / base-case scenario
Aggressive
$1.98M
NOI $98,883 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.5k | $56.64 |
| − Vacancy | −$3.7k | −$1.13 |
| EGI | $179.8k | $55.51 |
| − OpEx | −$80.9k | −$24.98 |
| NOI | $98.9k | $30.53 |
3,239 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,883 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$1.15M
$1.01M – $1.35M
NOI $80,807 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,732 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Petco Vaccination Clinic — 241 37th st, brooklyn, ny 11232
- Vetco Total Care Animal Hospital — 241 37th St, Brooklyn, NY 11232
- My Veterinary Clinic — 196 31st st, brooklyn, ny 11232
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9971
- Latitude
- 40.646
Nearby Similar for Sale
FAQs
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 Street 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: Newly built commercial condo in Sunset Park.; Package deal: First floor (1770 SqFt) and cellar (1469 SqFt) included.; Suitable for various businesses: senior centers, medical offices, training facilities, etc.
