Retail Commercial Condo
Ccf-720 57th St, Brooklyn, NY 11203
For Sale
$1,030,400
Commercial condo unit is leased to a single tenant and includes a stated monthly common fee.
Property Size1,288 SF
Price / SF$800
Days on Market226
Property Features for Ccf-720 57th St
General Information
Standard status
Size
Building Details
Tenancy
Listing Agency:
Ashford Homes LLC
Listed By:
Shumin (Mandy) Tan
(929) 364-1301
Source:
Exprealty
Added: Mar 30
Changed: Nov 1
Last Checked: Nov 8 at 11:37AM
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 Ashford Homes LLC
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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 is a commercial condo unit offered for sale within a retail-focused property. The unit’s CCF is currently rented to a single tenant with total rent of $15,000 per month, and the monthly common fee is listed at $376.62.
The property is located at CCF-720 57th St in Brooklyn, New York, in the Sunset Park area.
The space is configured as a retail condo unit and is operated under the building’s common fee structure as described in the listing remarks.
The property is located at CCF-720 57th St in Brooklyn, New York, in the Sunset Park area.
The space is configured as a retail condo unit and is operated under the building’s common fee structure as described in the listing remarks.
Key Highlights
- Commercial condo unit leased to a single tenant
- Total rent of $15,000/month from the current lease
- Stated monthly common fee of $376.62
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,766
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,320
$1.2M
Cap Rate 7%
$882,371
$882.4K
Cap Rate 9%
$686,289
$686.3K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$100.2K $77.76/SF
− Vacancy
−$11.9K −$9.25/SF
EGI
$88.2K $68.51/SF
− OpEx
−$26.5K −$20.55/SF
NOI
$61.8K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,320
Cap Rate 7%
$882,371
Cap Rate 9%
$686,289
Alternative Uses
Best Use
Retail
$882.4K
$772.1K – $1.03M
NOI $61,766 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$933.2K – $1.24M
NOI $74,652 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,756
Businesses Nearby
285k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 31%
Groceries 10%
Electronics 3%
McDonald's
Dining
29,356 visits/mo
0.3 miles
BP
Shops & Services
24,242 visits/mo
0.3 miles
Wendy's
Dining
22,854 visits/mo
0.5 miles
Dollar Tree
Shops & Services
20,615 visits/mo
0.5 miles
Capital One Bank
Shops & Services
19,243 visits/mo
0.4 miles
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 Storefront properties in Brooklyn, NY
Properties on Market for Storefront properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condo unit is leased to a single tenant and includes a stated monthly common fee.
Where is this storefront property located?
The property is located at Ccf-720 57th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,030,400.
What are key features of this property?
This property features: Commercial condo unit leased to a single tenant; Total rent of $15,000/month from the current lease; Stated monthly common fee of $376.62
