Commercial Office Co-Op For
2701 Ocean Ave Brooklyn, NY 11229
For Sale
Contact for pricing
Ground floor commercial office co-op with two entrances.
Property Size1,220 SF
Price / SF$368.03
Days on Market701
Property Features for 2701 Ocean Ave
General Information
- Standard status
- Active
- Size
- 1,220 SF
- Property subtype
- Office
Listing Agency:
Commercial Acquisitions
(718) 517-8700
Listed By:
Arsen Atbashyan · License #NY 0000
Source:
Crexi
Added: Aug 23, 2024
Changed: Jul 10
Last Checked: Jul 23 at 4:21PM
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 Commercial Acquisitions
Investment Insights
Based on property information with market context.
This ground floor commercial office co-op offers approximately 1220 square feet of space. The property features two entrances and is located steps from public transportation. The monthly maintenance fee for Unit 1A & 1B is $1078. A 3D virtual tour is available.
Key Highlights
- Ground floor commercial office co‑op
- 2 entrances for flexible access
- Steps from public transportation
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 | $52.7k | $43.20 |
| − Vacancy | −$12.1k | −$9.94 |
| EGI | $40.6k | $33.26 |
| − OpEx | −$10.1k | −$8.32 |
| NOI | $30.4k | $24.95 |
1,220 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$883.9K – $1.18M
NOI $70,711 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Melvin H. Kanan, ...
Alternative Medicine Practice
Sigal's Wellness
Gym & Fitness Center
Laser Skin Care ...
Skin Care Clinic
Lion Art Cool: ...
HVAC Service
FAQs
What type of property is this?
Office units - Ground floor commercial office co-op with two entrances.
Where is this office units located?
The property is located at 2701 Ocean Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Ground floor commercial office co‑op; 2 entrances for flexible access; Steps from public transportation
