Commercial Office Co-Op For
For Sale
Contact for pricing
2701 Ocean Ave, Brooklyn, NY 11229
Ground floor commercial office co-op with two entrances.
Property Size1,220 SF
Price / SF$368.03
Days on Market791
Property Features for 2701 Ocean Ave
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Office
Zoning
R7A
Building Details
Units
2
Listing Agency:
Commercial Acquisitions
Listed By:
Arsen Atbashyan · License #NY 0000
(917) 939-3760
Source:
Crexi
Added: Aug 23, 2024
Changed: Oct 15
Last Checked: Oct 20 at 7:03PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$30,437
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,740
$608.7K
Cap Rate 7%
$434,814
$434.8K
Cap Rate 9%
$338,189
$338.2K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$52.7K $43.20/SF
− Vacancy
−$12.1K −$9.94/SF
EGI
$40.6K $33.26/SF
− OpEx
−$10.1K −$8.32/SF
NOI
$30.4K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,740
Cap Rate 7%
$434,814
Cap Rate 9%
$338,189
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,662
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Ground floor commercial office co-op with two entrances.
Where is this office unit 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
