Two-Level Retail or Office
For Sale
$899,000
C1-2533 Ocean Ave, Brooklyn, NY 11225
Ground-floor retail/showroom with restroom, plus cellar reception, rooms, prep area, and two additional bathrooms.
Property Size2,879 SF
Price / SF$312.26
Days on Market280
Property Features for C1-2533 Ocean Ave
General Information
Standard status
Active
Size
2,879 SF
Total Parking Spaces
1
Taxes and HOA fees
Annual Taxes
$1,086
Building Details
Year Built
2015
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Exprealty
Added: Nov 6, 2025
Changed: Aug 12
Last Checked: Aug 12 at 12:21PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
Rare-find ground-floor commercial condo with Retail C of O, offering street-level space and additional cellar area. The ground floor features a spacious open retail/showroom area, a restroom, and a rear storage room. The cellar level includes a reception area, two private rooms, a prep/work counter with a utility sink, an oversized open space, and two additional bathrooms.
The property is located just off the Avenue U commercial corridor in a 2015 elevator building, and includes a deeded parking spot. The ground and cellar areas may be connected internally by adding a staircase.
Monthly maintenance is approximately $782.11, and annual property tax is approximately $3,528, with 7 years remaining on the tax abatement.
The property is located just off the Avenue U commercial corridor in a 2015 elevator building, and includes a deeded parking spot. The ground and cellar areas may be connected internally by adding a staircase.
Monthly maintenance is approximately $782.11, and annual property tax is approximately $3,528, with 7 years remaining on the tax abatement.
Key Highlights
- Ground‑floor retail/showroom condo with Retail C of O offering 542 SF on street level plus 2,337 SF cellar space (combined approx. 2,879 SF).
- Includes a deeded parking spot in a 2015 elevator building just off Avenue U commercial corridor.
- Street level layout: spacious open retail/showroom area, restroom, and rear storage room.
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
$71,825
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
7.99%
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%
$1,436,500
$1.4M
Cap Rate 7%
$1,026,071
$1.0M
Cap Rate 9%
$798,056
$798.1K
Market Conditions
NOI Build-Up for 2,879 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
$124.4K $43.20/SF
− Vacancy
−$28.6K −$9.94/SF
EGI
$95.8K $33.26/SF
− OpEx
−$23.9K −$8.32/SF
NOI
$71.8K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /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%
$1,436,500
Cap Rate 7%
$1,026,071
Cap Rate 9%
$798,056
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,061 @ 7.0% cap · market cap 15.36%
Second Best
Office B
$1.03M
$897.8K – $1.20M
NOI $71,825 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,867 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail/showroom with restroom, plus cellar reception, rooms, prep area, and two additional bathrooms.
Where is this retail space located?
The property is located at C1-2533 Ocean Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Ground‑floor retail/showroom condo with Retail C of O offering 542 SF on street level plus 2,337 SF cellar space (combined approx. 2,879 SF).; Includes a deeded parking spot in a 2015 elevator building just off Avenue U commercial corridor.; Street level layout: spacious open retail/showroom area, restroom, and rear storage room.
