832 40th Street, Brooklyn, NY 11232
COMMERCIAL - Brooklyn, NY
- Added:
- Feb 23, 2024
- Days on Market:
- 846
- Last Refresh:
- Jun 18 at 9:06 am
Property Features for 832 40th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- R6
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,239 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8544
Building Details
- Floors in Building
- 5
- Number of units
- 2
Listing agent XueFang (Sue) Li (718) 676-2518
Listing office Fang Fang Realty Inc 816 59th St 2nd Fl, Brooklyn, NY (718) 676-2518
Listing date Feb 23, 2024
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.
HighLights
- Prime location in Sunset Park.
- Newly built commercial condos.
- First floor and cellar being sold as a package (1770 SqFt and 1469 SqFt respectively).
- Suitable for various businesses such as senior centers, medical offices, and training facilities.
- Convenient transportation with minutes from D train and B70 bus.
- Close proximity to restaurants, supermarkets, and pharmacies.
Overview
The condos are located at 832 40th Street in Brooklyn, in the Sunset Park area. According to the public remarks, transportation is convenient, with the D train station and B70 bus stop minutes away. The area is also described as being close to restaurants, supermarkets, and pharmacies.
For tenants, buyers, or operators, the combined first-floor and cellar layout can work well for organizations that want to dedicate the primary level to client-facing services while using the cellar space for additional functions within the same ownership. The breadth of compatible uses listed in the remarks makes the property a practical fit for medical and care-related providers, training operations, and non-profits seeking a newly built commercial space in Brooklyn.
Local 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 | $139.9k | $43.20 |
| − Vacancy | −$32.2k | −$9.94 |
| EGI | $107.7k | $33.26 |
| − OpEx | −$26.9k | −$8.32 |
| NOI | $80.8k | $24.95 |
Alternative Uses
Current Use by Public Records
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
- -73.997126
- Latitude
- 40.645957
