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    867 53Rd St Brooklyn, NY 11220

    For Sale
    $1,080,000

    Commercial - Brooklyn, NY

    Property size:
    1,439 SF
    Lot size:
    0.07 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 867 53Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6
    Size
    1,439 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    2023
    Roof type
    Flat
    Architectural style
    Other

    Momentum Real Estate LLC (718) 382-0001

    Listing agent Yan Mei (Jamie) Zheng (718) 382-0001

    Listing date Sep 29, 2025

    MLS# 496168 Listing URL

    Copyright © 2025 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.

    Overview

    Brooklyn Commercial Condo For Sale

    This commercial condo unit is located in Sunset Park, Brooklyn. The unit, situated on the second floor of an elevator building, spans 1,439 square feet. Currently, the unit is occupied by a tenant operating a cram school and office. The property generates an estimated gross annual income of $61,800. The building benefits from a 15-year tax abatement and has low monthly common charges of $678. The building is in excellent condition. Owner financing is available at a 6% rate, with the possibility of closing within 30 days. The property allows for immediate rent collection upon closing. Buyers have the option to purchase all units together. The lot size is 0.06542699724517906 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Times English tutoring ... Education Center

    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
    State
    New York
    Longitude
    -74.003654
    Latitude
    40.638626

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    FAQs

    What type of property is this?
    Investment property - Commercial condo in Sunset Park with tenant in place.
    Where is this investment property located?
    The property is located at 867 53Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: - Immediate rental income upon closing with a tenant already in place.; - Enjoy a 15-year tax abatement.; - Estimated gross annual income of $61,800.
    (718) 382-0001
    Request Owner's contact information
    867 53Rd St 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
    867 53Rd St Brooklyn, NY 11220
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