Community Facility
New
For Sale
$399,000
965 43rd Street, Brooklyn, NY 11219
Commercial Sale, Brooklyn, NY
Property Size936 SF
Price / SF$426.15
Days on Market3
Property Features for 965 43rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Finished
Elementary school
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Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
05595-1001
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2006
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
separate entrance
accessible bathroom
Building Details
Year built
2016
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Bin Huang
(917) 780-6665
Added: Sep 29
Last Checked: Oct 1 at 6:06PM
MLS# 1056551
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 936.3-square-foot community facility condo occupies the cellar level of 965 Condominium, a building completed in 2016. The finished interior is configured as open space and has a separate entrance, an accessible bathroom, and a sprinkler system. Three parking spaces are located in the backyard.
Potential uses identified for the unit include daycare or childcare, worship, educational programs, medical or dental services, and nonprofit community operations. Any proposed use should be confirmed with the NYC Department of Buildings or legal counsel. The property is near the D train at 9th Avenue and 39th Street, about a five-minute walk away, with B35 and B11 bus service nearby.
Potential uses identified for the unit include daycare or childcare, worship, educational programs, medical or dental services, and nonprofit community operations. Any proposed use should be confirmed with the NYC Department of Buildings or legal counsel. The property is near the D train at 9th Avenue and 39th Street, about a five-minute walk away, with B35 and B11 bus service nearby.
Key Highlights
- 936.3 SF community facility condominium unit
- Finished open space with a separate entrance, accessible bathroom, and sprinkler system
- Three backyard parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,680
$512.7K
Cap Rate 7%
$366,200
$366.2K
Cap Rate 9%
$284,822
$284.8K
Market Conditions
NOI Build-Up for 936 SF
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.
Gross rent
$43.8K $46.80/SF
− Vacancy
−$9.6K −$10.30/SF
EGI
$34.2K $36.50/SF
− OpEx
−$8.5K −$9.13/SF
NOI
$25.6K $27.38/SF
Area
ZIP 11219
Vacancy
22.00%
Lease Rate
$46.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,680
Cap Rate 7%
$366,200
Cap Rate 9%
$284,822
Alternative Uses
Best Use
Office B
$366.2K
$320.4K – $427.2K
NOI $25,634 @ 7.0% cap · market cap 6.42%
Second Best
Healthcare Medical
$282.0K
$246.7K – $329.0K
NOI $19,739 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$607.0K
$531.1K – $708.2K
NOI $42,489 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
6,393
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Public School 310 — 942 62nd St, Brooklyn, NY 11219
- ELITE SCHOLARS LEARNING INC — 6023 Fort Hamilton Pkwy, Brooklyn, NY 11219
- Red Apple Social Adult Day Care Inc — 6023 Fort Hamilton Pkwy, Brooklyn, NY 11219
- Manhattan Beach Summer Camp — 60 11th Ave, Brooklyn, NY 11235
- Bais Simcha Pre-School — 1051 59th St, Brooklyn, NY 11219
Frequently Asked Questions
What type of property is this?
Day care center - Finished open-plan space includes a private entrance, an accessible bathroom, and a sprinkler system.
Where is this day care center located?
The property is located at 965 43rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 936.3 SF community facility condominium unit; Finished open space with a separate entrance, accessible bathroom, and sprinkler system; Three backyard parking spaces
