Brooklyn Commercial Condo For
867 53rd Street Brooklyn, NY 11220
867 53rd Street, Brooklyn, NY, 11220
$1,068,000
For Sale
$1,068,000
COMMERCIAL - Brooklyn, NY
Property Size1,335 SF
Lot Size0.07 Acres
Price / SF$800
Days on Market107
Property Features for 867 53rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6
- Standard status
- Active
- Size
- 1,335 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 678
Building Details
- Year built
- 2023
- Number of units
- 1
- Roof type
- Tile
Listing Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Yan Mei (Jamie) Zheng
(917) 708-9966
Added: Apr 2 Checked: Jul 17 at 11:06 pm
MLS# 500181
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 commercial condo unit, located in Sunset Park, Brooklyn, spans 1,335 square feet. Situated on the sixth floor of an elevator building, the unit is currently occupied by a tenant operating a cram school for children. The property generates an estimated gross annual income of $54,000. The building is in excellent condition and benefits from a 15-year tax abatement. Monthly common charges are $545. Owner financing is available at a 6% rate, with the possibility of closing. This investment allows for immediate rent collection upon closing. The lot size is 0.0654 acres. The zoning is R6. There are seven commercial condo units available and buyers have the option to purchase all units together.
Key Highlights
- Immediate Rental Income: Collect rent upon closing with existing tenant.
- 15‑Year Tax Abatement: Significant property tax savings.
- Owner Financing Available: 6% financing rate offers accessibility.
Local Financial Insights For Retail
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 | $56.1k | $42.00 |
| − Vacancy | −$5.7k | −$4.28 |
| EGI | $50.4k | $37.72 |
| − OpEx | −$15.1k | −$11.31 |
| NOI | $35.2k | $26.40 |
1,335 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$503.5K
$440.6K – $587.4K
NOI $35,246 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.4K
$757.3K – $1.01M
NOI $60,581 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Times English tutoring ...
Training Center
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FAQs
What type of property is this?
Retail space - Commercial condo in Sunset Park with immediate rental income.
Where is this retail space located?
The property is located at 867 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: Immediate Rental Income: Collect rent upon closing with existing tenant.; 15‑Year Tax Abatement: Significant property tax savings.; Owner Financing Available: 6% financing rate offers accessibility.
