970 41st Street S1, Brooklyn, NY 11219
Commercial condo for sale in Boro Park / Sunset Park.
- Added:
- Apr 17, 2024
- Days on Market:
- 795
- Last Refresh:
- May 13 at 8:09 pm
Property Features for 970 41st Street S1
General Information
- Standard status
- Active
- Size
- 750 SF
- Property subtype
- Retail, Office
Listing agent Michael Fraulo License #New York
Listing office Ben Bay Realty - Marine Park (718) 504-6442
Listing date Apr 17, 2024
Source Crexi
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 Ben Bay Realty - Marine Park
HighLights
- High‑traffic location on New Utrecht Avenue
- 1000‑3000 sq ft of retail space
- Full basement with high ceilings
- Commercial condo/space for sale
- Close proximity to 'D' train
- Near Maimonides Hospital
Overview
Local 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 | $35.1k | $46.80 |
| − Vacancy | −$7.7k | −$10.30 |
| EGI | $27.4k | $36.50 |
| − OpEx | −$6.8k | −$9.13 |
| NOI | $20.5k | $27.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.99489
- Latitude
- 40.643924
