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    849 53Rd St Brooklyn, NY 11220

    Sponsored
    For Sale
    $2,200,000

    2,819 SF Office, $2.2M, 25-Year Tax Abatement

    Property size:
    2,819 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,819 square foot commercial space, located at 849 53rd Street CF-1 in Brooklyn, NY, presents a unique investment opportunity. Situated in the desirable Sunset Park neighborhood, this newly constructed (2023) office space is located on the basement level of a seven-story building and offers significant potential. Currently planned for healthcare use, the space is versatile and adaptable to a variety of professional uses, including adult care facilities, medical offices, nursing homes, or general professional offices. The space boasts high ceilings ranging from 8 to 10 feet and includes two bathrooms. The property sits on a 4,000 square foot lot. A significant advantage is the inclusion of a 25-year tax abatement, resulting in an estimated annual property tax of approximately $2,178. Common charges are approximately $978.38 per month, which includes water. This turnkey space offers a rare combination of prime location, modern amenities, and substantial long-term cost savings, making it an ideal investment for discerning buyers. The asking price for this exceptional property is $2,200,000. The zip code is 11220.

    Property Features for 849 53Rd St

    General Information

    Property type
    Specialty properties
    Square Feet
    2,819 SF

    Building Details

    Stories
    7

    HighLights

    • $2,200,000 asking price.
    • 2,819 square foot office/special purpose property.
    • Located at 849 53rd Street, CF‑1, Brooklyn, NY 11220.
    • Seven‑story building, basement level unit.
    • 4,000 square foot lot.
    • 8‑10 foot ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.0040486
    Latitude
    40.6388207

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    FAQs

    What type of property is this?
    Specialty property - 2,819 SF Office, $2.2M, 25-Year Tax Abatement
    Where is this specialty property located?
    The property is located at 849 53Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price.; 2,819 square foot office/special purpose property.; Located at 849 53rd Street, CF-1, Brooklyn, NY 11220.
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    849 53Rd St Brooklyn, NY 11220
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