Listing Agency: A P Services Inc a***@gmail.com

Listed By: Aliaksei A. (Alex) Palaukou · License #AP8095 Show Phone

Source: Exprealty

Added: Dec 27, 2025 Changed: Oct 6 Last Checked: Oct 20 at 11:52PM

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Investment Insights

Based on property information with market context.

This for-sale commercial condo offers approximately 3,200 square feet of open-concept space with high ceilings. The unit includes HVAC, a sprinkler system, and an elevator for tenant and customer convenience.

Located on Kings Highway in the heart of Gravesend at a highly visible intersection, the property benefits from heavy foot and vehicular traffic.

Designed for flexibility, the space can support retail, office, or store use, making it suitable for both owner-users and investors seeking a property with strong exposure.

Key Highlights

• Commercial condo on Kings Highway in Gravesend with open‑concept layout and approx. 3,200 sq. ft. of versatile space
• High ceilings plus HVAC, sprinkler system, and elevator
• Located at a highly visible intersection with heavy foot and vehicular traffic

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,099

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,761,980 $1.8M

Cap Rate 7%

$1,258,557 $1.3M

Cap Rate 9%

$978,878 $978.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$145.9K $45.60/SF

− Vacancy

−$28.5K −$8.89/SF

EGI

$117.5K $36.71/SF

− OpEx

−$29.4K −$9.18/SF

NOI

$88.1K $27.53/SF

Area

ZIP 11214

Vacancy

19.50%

Lease Rate

$45.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,761,980

Cap Rate 7%

$1,258,557

Cap Rate 9%

$978,878

Alternative Uses

Best Use

Office B

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,099 @ 7.0% cap · market cap 9.18%

Second Best

Retail

$822.1K

$719.3K – $959.1K (±1% cap)

NOI $57,545 @ 7.0% cap · market cap 5.99%

Theoretical Best

Office A

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,671 @ 7.0% cap · market cap 13.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Gym & Fitness Center Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

4,300

Businesses Nearby

Explore this area Business Placement

Demographics for 11214, NY

96,560

Population

33,341

Households

2.9

Avg Household Size

39

Median Age

32%

College-Educated

76%

High-School Grad

2.0 sq mi

ZIP Area

48,280

Density / Sq Mi

$64,286

Median Household Income

$41,172

Median Earnings

$1,710

Median Rent

$1,007,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Commercial condo with open layout, high ceilings, HVAC, sprinklers, and elevator on a busy Kings Highway intersection.

Where is this office unit located?

The property is located at C1-390 Kings Hwy Brooklyn, NY.

What is the asking price?

The asking price for this property is $960,000.

What are key features of this property?

This property features: Commercial condo on Kings Highway in Gravesend with open‑concept layout and approx. 3,200 sq. ft. of versatile space; High ceilings plus HVAC, sprinkler system, and elevator; Located at a highly visible intersection with heavy foot and vehicular traffic