Modern Brooklyn Office
982 50th St 1FL Brooklyn, NY 11219
Newly constructed office space in Brooklyn, totaling 1950 sq ft.
Type:Commercial
Property size:
1,950 SFPrice / SF:
$358/SF- Added:
- Apr 24, 2026
- Days on Market:
- 78
- Last Refresh:
- Jul 2 at 10:02 am
Property Features for 982 50th St 1FL
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2020
Listing office Winzone Realty (718) 676-6611
Listing date Apr 24, 2026
Source Elliman
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 Winzone Realty
Investment Insights
Based on property information with market context.
This commercial office space, newly constructed in 2020, offers 1350 square feet on the first floor with an additional 600 square feet in the basement, totaling 1950 square feet. The space is open and intended for office use. The location has a walk score of 94, indicating it is a walker's paradise, a bike score of 69, indicating it is bikeable, and a transit score of 78, indicating excellent transit. Common charges are $510 per month.
Key Highlights
- Newly constructed in 2020.
- Excellent Transit Score (78).
- Walker's Paradise (Walk Score 94).
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 | $91.3k | $46.80 |
| − Vacancy | −$20.1k | −$10.30 |
| EGI | $71.2k | $36.50 |
| − OpEx | −$17.8k | −$9.13 |
| NOI | $53.4k | $27.38 |
1,950 SF · lease $46.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$762.7K
$667.3K – $889.8K
NOI $53,387 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,489 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Newly constructed office space in Brooklyn, totaling 1950 sq ft.
Where is this office units located?
The property is located at 982 50th St 1FL Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Newly constructed in 2020.; Excellent Transit Score (78).; **Walker's Paradise (Walk Score 94).**
