Day Care Center
New
For Sale
$399,000
965 43rd St 1C, Brooklyn, NY 11219
Finished open space has a separate entrance, an accessible bathroom, and a sprinkler system.
Property Size937 SF
Price / SF$426.15
Days on Market2
Property Features for 965 43rd St 1C
General Information
Standard status
Active
Size
937 SF
Total Parking Spaces
3
Property subtype
Commercial
Additional Details
Floor
Cellar
HOA Fee
$374
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$2,005
Amenities
separate entrance
accessible bathroom
Building Details
Building Size
937 SF
Year Built
2016
Listing Agency:
E REALTY INTERNATIONAL CORP.
Listed By:
Bin Huang
(917) 780-6665
Source:
Elliman
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 12:05PM
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 E REALTY INTERNATIONAL CORP.
Investment Insights
Based on property information with market context.
This 936.3 SF community facility condo is on the cellar level of 965 Condominium, built in 2016. The finished open layout has a separate entrance, an accessible bathroom, and a sprinkler system. Three parking spaces are located in the backyard.
The property is in Borough Park, approximately a five-minute walk from the D train at 9th Avenue and 39th Street. B35 and B11 bus service is nearby. Potential uses mentioned include a house of worship, childcare, educational, medical or dental, and nonprofit community space; buyers should confirm permitted uses with the DOB or an attorney.
The property is in Borough Park, approximately a five-minute walk from the D train at 9th Avenue and 39th Street. B35 and B11 bus service is nearby. Potential uses mentioned include a house of worship, childcare, educational, medical or dental, and nonprofit community space; buyers should confirm permitted uses with the DOB or an attorney.
Key Highlights
- 936.3 SF finished community facility condo unit
- Three parking spaces in the backyard
- Separate entrance, accessible bathroom, and sprinkler system
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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Open Analytics
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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Frequently Asked Questions
What type of property is this?
Day care center - Finished open space has a separate entrance, an accessible bathroom, and a sprinkler system.
Where is this day care center located?
The property is located at 965 43rd St 1C 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 finished community facility condo unit; Three parking spaces in the backyard; Separate entrance, accessible bathroom, and sprinkler system
