Two-Level Office
New
For Sale
$2,080,000
849 53rd Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size2,100 SF
Lot Size0.05 Acres
Price / SF$990.48
Days on Market2
Property Features for 849 53rd Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6
Subdivision
Sunset Park
Standard status
Active
Size
2,100 SF
Lot size
0.05 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
980
Building Details
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Yu Ling (Eva) Chen
(718) 680-2776
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 11:06PM
MLS# 505600
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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Investment Insights
Based on property information with market context.
This office condominium spans two levels and approximately 2,100 square feet. The brick building has a flat roof, and the property is zoned R6. Uses identified for the space include medical and professional offices, daycare, and other permitted community facility uses.
The property is on 53rd Street, just off 8th Avenue, and is near shopping, restaurants, and the N train. Approximately 20 years of tax abatement remain.
The property is on 53rd Street, just off 8th Avenue, and is near shopping, restaurants, and the N train. Approximately 20 years of tax abatement remain.
Key Highlights
- Approximately 2,100 square feet across two levels
- Zoned R6 for community facility use
- Brick construction with a flat roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,710
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,200
$1.3M
Cap Rate 7%
$895,857
$895.9K
Cap Rate 9%
$696,778
$696.8K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$105.8K $50.40/SF
− Vacancy
−$22.2K −$10.58/SF
EGI
$83.6K $39.82/SF
− OpEx
−$20.9K −$9.95/SF
NOI
$62.7K $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%
$1,254,200
Cap Rate 7%
$895,857
Cap Rate 9%
$696,778
Alternative Uses
Best Use
Office B
$895.9K
$783.9K – $1.05M
NOI $62,710 @ 7.0% cap · market cap 3.01%
Second Best
Healthcare Medical
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,296 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,809
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The two-floor layout supports office and other permitted community facility uses.
Where is this office unit located?
The property is located at 849 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Approximately 2,100 square feet across two levels; Zoned R6 for community facility use; Brick construction with a flat roof
