Day Care Center Condo with
For Sale
$399,000
965 43rd Street #1C, New York, NY 11219
The finished community-facility unit has a separate entrance, an accessible bathroom, sprinklers, and backyard parking.
Property Size937 SF
Price / SF$425.83
Days on Market32
Property Features for 965 43rd Street #1C
General Information
Standard status
Active
Size
937 SF
Total Parking Spaces
3
Property subtype
Other
Space & Availability
Floor
Cellar
Condition
Built-Out
Site & Location
Neighborhood
Borough Park
Public Transit
Yes
Additional Details
HOA Fee
$374
Sprinkler System
Yes
Property Use
Community Facility
Amenities
separate entrance
accessible bathroom
Building Details
Year Built
2016
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Bin Huang · License #10401287960
(917) 780-6665
Source:
Neilcharlesrealestate
Added: Sep 29
Changed: Oct 30
Last Checked: Oct 30 at 1:46AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2016 community facility condo unit is located in the cellar of 965 Condominium. Its finished open layout is served by a separate entrance, an accessible bathroom, and a sprinkler system. Three parking spaces are located in the backyard. Potential uses identified for the space include a house of worship, daycare or childcare center, school or tutoring center, medical or dental office, and nonprofit community organization; permitted use should be verified with the DOB or an attorney.
The property is in Borough Park, with the D train at 9th Avenue and 39th Street approximately a five-minute walk away. Nearby bus service includes the B35 and B11 lines.
The property is in Borough Park, with the D train at 9th Avenue and 39th Street approximately a five-minute walk away. Nearby bus service includes the B35 and B11 lines.
Key Highlights
- Finished open layout in a cellar‑level community facility condo
- Three backyard parking spaces
- Separate entrance, accessible bathroom, and sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,653
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,060
$513.1K
Cap Rate 7%
$366,471
$366.5K
Cap Rate 9%
$285,033
$285.0K
Market Conditions
NOI Build-Up for 937 SF
Gross rent
$43.9K $46.80/SF
− Vacancy
−$9.6K −$10.30/SF
EGI
$34.2K $36.50/SF
− OpEx
−$8.6K −$9.13/SF
NOI
$25.7K $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 Rate 5%
$513,060
Cap Rate 7%
$366,471
Cap Rate 9%
$285,033
Alternative Uses
Best Use
Office B
$366.5K
$320.7K – $427.6K
NOI $25,653 @ 7.0% cap · market cap 6.43%
Second Best
Healthcare Medical
$282.2K
$246.9K – $329.2K
NOI $19,753 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$607.4K
$531.5K – $708.7K
NOI $42,520 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in Northeast region
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 - The finished community-facility unit has a separate entrance, an accessible bathroom, sprinklers, and backyard parking.
Where is this day care center located?
The property is located at 965 43rd Street #1C New York, 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: Finished open layout in a cellar‑level community facility condo; Three backyard parking spaces; Separate entrance, accessible bathroom, and sprinkler system
