Commercial Condo with
For Sale
$1,050,000
C1-390 Kings Hwy, Brooklyn, NY 11214
Commercial condo with open layout, high ceilings, HVAC, sprinklers, and elevator on a busy Kings Highway intersection.
Property Size3,200 SF
Price / SF$328.13
Days on Market229
Property Features for C1-390 Kings Hwy
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Sprinkler System
Yes
Listing Agency:
A P Services Inc
(347) 515-8272
Listed By:
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Source:
Exprealty
Added: Dec 27, 2025
Changed: Jul 20
Last Checked: Aug 12 at 11:15AM
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 A P Services Inc
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.
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 = 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
$88,099
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
8.39%
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%
$1,761,980
$1.8M
Cap Rate 7%
$1,258,557
$1.3M
Cap Rate 9%
$978,878
$978.9K
Market Conditions
NOI Build-Up for 3,200 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
$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 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%
$1,761,980
Cap Rate 7%
$1,258,557
Cap Rate 9%
$978,878
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,099 @ 7.0% cap · market cap 8.39%
Second Best
Retail
$822.1K
$719.3K – $959.1K
NOI $57,545 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,671 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condo with open layout, high ceilings, HVAC, sprinklers, and elevator on a busy Kings Highway intersection.
Where is this office units located?
The property is located at C1-390 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
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
