First-Floor Retail
C1-611 53rd St Brooklyn, NY 11203
C1-611 53rd St, Brooklyn, NY, 11203
$880,000
For Sale
$880,000
First-floor retail storefront for sale with strong visibility and a $550 monthly HOA.
Property Size1,208 SF
Price / SF$728.48
Days on Market85
Property Features for C1-611 53rd St
General Information
- Standard status
- Active
- Size
- 1,208 SF
Listing Agency
Tiger Realty
(917) 708-9966
Listed by
Fei Chan Lin · License #FCL4532
(917) 708-9966
Source
Exprealty
Added: Apr 24 Checked: Jul 16 at 9:32 am
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 Tiger Realty
Investment Insights
Based on property information with market context.
This for-sale retail storefront at 611 53rd Street, Brooklyn, NY offers approximately 1,208 square feet on the first floor. The property is positioned for strong visibility and pedestrian traffic, supporting a wide range of business uses.
Conveniently located near public transportation, shopping, and major thoroughfares, the space is designed to connect with day-to-day foot traffic in the surrounding area. A monthly HOA of $550 is noted for the property.
Presented as a fit for both owner-users and investors, this storefront includes the key elements buyers typically evaluate first: first-floor retail frontage, visibility, and access to surrounding amenities and thoroughfare connectivity.
Conveniently located near public transportation, shopping, and major thoroughfares, the space is designed to connect with day-to-day foot traffic in the surrounding area. A monthly HOA of $550 is noted for the property.
Presented as a fit for both owner-users and investors, this storefront includes the key elements buyers typically evaluate first: first-floor retail frontage, visibility, and access to surrounding amenities and thoroughfare connectivity.
Key Highlights
- First‑floor retail storefront for sale at 611 53rd Street
- Approximately 1,208 sq ft on the first floor
- Monthly HOA is $550
Local Financial Insights For Retail
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 | $93.9k | $77.76 |
| − Vacancy | −$11.2k | −$9.25 |
| EGI | $82.8k | $68.51 |
| − OpEx | −$24.8k | −$20.55 |
| NOI | $57.9k | $47.95 |
1,208 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$827.6K
$724.1K – $965.5K
NOI $57,929 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$875.2K – $1.17M
NOI $70,016 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - First-floor retail storefront for sale with strong visibility and a $550 monthly HOA.
Where is this storefront property located?
The property is located at C1-611 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: First‑floor retail storefront for sale at 611 53rd Street; Approximately 1,208 sq ft on the first floor; Monthly HOA is $550
