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Sunset Park Commercial Condo For Lease
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867 53rd Street 4, Brooklyn, NY 11220

New construction commercial condo in prime Sunset Park location.

Space Size1,439 SF
Days on Market852

Property Features for 867 53rd Street 4

General Information

Standard status Active
Size 1,439 SF
Property subtype Special Purpose, Office

Building Details

Building Size 1,439 SF
Year Built 2023
Tenancy Multiple

Spaces For Lease

at 867 53rd Street 4 Contact us

867 53rd Street 4

Size
1,439 SF
Type
Office, Special Purpose
Availability
Active
Contact us
Listing Agency: EXIT Realty Professionals
Listed By: Rui Lan (Nancy) Wu · License #10491203971
Source: Crexi
Added: Apr 17, 2024 Changed: Aug 8 Last Checked: Aug 16 at 3:42PM

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 EXIT Realty Professionals

Investment Insights

Based on property information with market context.

This new construction commercial condominium is available for lease in the Sunset Park area. The unit offers 1,439 square feet of space within an elevator building. The property is suitable for various uses, including a doctor's office, senior center, day care center, accountant's office, or travel agency. The location provides convenient access to shopping, major banks, and a hospital. Additionally, it is located within a short distance of the N train/8th Ave subway station, offering convenient transportation options. This property presents an opportunity to establish a business in the 8th Ave business district.

Key Highlights

  • Prime Sunset Park location in the 8th Ave business district.
  • Suitable for a variety of businesses.
  • New construction (2023) commercial condominium.

Property Analytics

Current Use

Times English tutoring ... Training Center

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$6.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,955
Businesses Nearby

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

Market

Lease Benchmarks for Brooklyn, NY

$38.97 /SF/Yr
Avg Asking Price
$9.28–$107 /SF/Yr
Price Range
4,210 SF
Avg Space Size

This space is priced 11% above the average of $38.97 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - New construction commercial condo in prime Sunset Park location.
Where is this office units located?
The property is located at 867 53rd Street 4 Brooklyn, NY.
What is the lease rate?
The lease rate is $43.36 SF/Yr.
What are key features of this property?
This property features: Prime Sunset Park location in the 8th Ave business district.; Suitable for a variety of businesses.; New construction (2023) commercial condominium.
(718) 838-2600 Call to check price and availability
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