Brick Storefront Condo with
For Sale
$1,365,000
867 53rd Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size1,949 SF
Lot Size0.07 Acres
Price / SF$700.36
Days on Market188
Property Features for 867 53rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Subdivision
Sunset Park
Standard status
Active
Size
1,949 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
981
Building Details
Year built
2023
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Mei (Jamie) Zheng
(718) 382-0001
Added: Apr 2
Changed: Sep 7
Last Checked: Oct 6 at 11:06AM
MLS# 500173
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 storefront commercial condominium includes 1,949 square feet and a basement, providing a dedicated retail-oriented configuration within a recently constructed building. The structure was completed in 2023, features brick construction, and has a flat roof. An elevator serves the building, adding convenient access to the commercial unit.
The property is located at 867 53rd Street in Brooklyn’s Sunset Park area, within Kings County and ZIP Code 11220. R6 zoning applies to the property. The unit is identified as one of seven commercial condo units available in the building, with the option to acquire the units together.
The property is located at 867 53rd Street in Brooklyn’s Sunset Park area, within Kings County and ZIP Code 11220. R6 zoning applies to the property. The unit is identified as one of seven commercial condo units available in the building, with the option to acquire the units together.
Key Highlights
- 1,949‑square‑foot storefront commercial condo
- Includes a basement
- 2023 construction with brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,456
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,120
$1.0M
Cap Rate 7%
$735,086
$735.1K
Cap Rate 9%
$571,733
$571.7K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$81.9K $42.00/SF
− Vacancy
−$8.3K −$4.28/SF
EGI
$73.5K $37.72/SF
− OpEx
−$22.1K −$11.31/SF
NOI
$51.5K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,120
Cap Rate 7%
$735,086
Cap Rate 9%
$571,733
Alternative Uses
Best Use
Retail
$735.1K
$643.2K – $857.6K
NOI $51,456 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,444 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
7,955
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 15%
Home Improvements & Furnishings 8%
Electronics 5%
BP
Shops & Services
19,079 visits/mo
0.4 miles
Golden Dragon
Dining
4,268 visits/mo
0.5 miles
FedEx Office Print & Ship Center
Shops & Services
3,716 visits/mo
0.4 miles
W 8 Electric Supply Corp.
Home Improvements & Furnishings
2,500 visits/mo
0.4 miles
T-Mobile
Electronics
1,609 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condo with basement space in a 2023 elevator building and R6 zoning.
Where is this storefront property located?
The property is located at 867 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: 1,949‑square‑foot storefront commercial condo; Includes a basement; 2023 construction with brick exterior
