Brooklyn Community Facility Condo For
401 Rutland Rd Brooklyn, NY 11203
For Sale
Contact for pricing
1,779 SF community facility condo in Prospect Lefferts Gardens.
Property Size1,779 SF
Price / SF$446.88
Days on Market1505
Property Features for 401 Rutland Rd
General Information
- Standard status
- Active
- Size
- 1,779 SF
- Property subtype
- Retail, Office
Listing Agency:
Premiere Property Group, LLC
(917) 796-7475
Listed By:
Shawn Sadaghati · License #NY
Source:
Crexi
Added: Jun 10, 2022
Changed: Jul 10
Last Checked: Jul 22 at 3:46PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
A 1,779 square-foot community facility condominium unit is available for purchase at 401 Rutland Road in Prospect Lefferts Gardens, Brooklyn. The unit includes two indoor parking spaces and is composed of 705 square feet on the ground floor and 1,074 square feet on the lower level. The unit is directly metered. The space is located at the base of a newly constructed six-story luxury condominium building. The corner property is situated at the intersection of Rutland Road and New York Avenue, providing exposure on both streets. It is located within a few blocks of the Kings County Hospital Center, Kingsbrook Jewish Medical Center, and the NYC Health + Hospitals/McKinney Nursing Home. The commercial unit is situated one block from Nostrand Avenue, a commercial strip with restaurants and stores and access to the 2-5 subway lines. Additionally, the asset is in proximity to Prospect Park and Wingate Park.
Key Highlights
- Located in a high‑visibility corner location at the intersection of Rutland Road and New York Avenue.
- Features two indoor parking spaces.
- Situated at the base of a newly constructed luxury condominium building.
Financial Insights For Office B
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 | $76.9k | $43.20 |
| − Vacancy | −$17.7k | −$9.94 |
| EGI | $59.2k | $33.26 |
| − OpEx | −$14.8k | −$8.32 |
| NOI | $44.4k | $24.95 |
1,779 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,311 @ 7.0% cap · market cap 10.73%
Second Best
Office B
$634.0K
$554.8K – $739.7K
NOI $44,382 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,111 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 1,779 SF community facility condo in Prospect Lefferts Gardens.
Where is this retail space located?
The property is located at 401 Rutland Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Located in a high‑visibility corner location at the intersection of Rutland Road and New York Avenue.; Features two indoor parking spaces.; Situated at the base of a newly constructed luxury condominium building.
