Office Condominium
C2-821 53rd St, Brooklyn, NY 11203
For Sale
$1,500,000
Condominium office unit near public transportation, restaurants, supermarkets, and pharmacies.
Property Size2,374 SF
Price / SF$631.84
Days on Market55
Property Features for C2-821 53rd St
General Information
Standard status
Size
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Weixing (Winston) Lao
(718) 680-2776
Source:
Exprealty
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 8 at 10:18AM
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 E House Realty & Mgt. Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium unit provides 2,374 square feet of commercial space within Sunset Park Community Condos. The property is positioned for office-oriented operations and includes a 7-year tax abatement.
Located at C2-821 53rd St in Brooklyn, the unit is minutes from the N train station and the B70 bus stop. Restaurants, supermarkets, and pharmacies are also nearby, supporting convenient access for occupants and visitors.
Located at C2-821 53rd St in Brooklyn, the unit is minutes from the N train station and the B70 bus stop. Restaurants, supermarkets, and pharmacies are also nearby, supporting convenient access for occupants and visitors.
Key Highlights
- 2,374‑square‑foot office condominium unit
- 7‑year tax abatement
- Minutes from the N train station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,227
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,540
$1.2M
Cap Rate 7%
$846,100
$846.1K
Cap Rate 9%
$658,078
$658.1K
Market Conditions
NOI Build-Up for 2,374 SF
Gross rent
$102.6K $43.20/SF
− Vacancy
−$23.6K −$9.94/SF
EGI
$79.0K $33.26/SF
− OpEx
−$19.7K −$8.32/SF
NOI
$59.2K $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 Rate 5%
$1,184,540
Cap Rate 7%
$846,100
Cap Rate 9%
$658,078
Alternative Uses
Best Use
Office B
$846.1K
$740.3K – $987.1K
NOI $59,227 @ 7.0% cap · market cap 3.95%
Second Best
Healthcare Medical
$786.3K
$688.0K – $917.3K
NOI $55,039 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,597 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Brooklyn, NY
Properties on Market for Office Units in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Condominium office unit near public transportation, restaurants, supermarkets, and pharmacies.
Where is this office unit located?
The property is located at C2-821 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,374‑square‑foot office condominium unit; 7‑year tax abatement; Minutes from the N train station
