Retail Commercial Condo
For Sale
$1,030,400
Ccf-720 57th St, Brooklyn, NY 11203
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 Market164
Property Features for Ccf-720 57th St
General Information
Standard status
Active
Size
1,288 SF
Building Details
Tenancy
Single
Listing Agency:
Ashford Homes LLC
Listed By:
Shumin (Mandy) Tan
(929) 364-1301
Source:
Exprealty
Added: Mar 30
Changed: Aug 23
Last Checked: Sep 9 at 7:32AM
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
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 = 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
$61,766
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
5.99%
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%
$1,235,320
$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
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
$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 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%
$1,235,320
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.
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ashley's Garden Space — 4807 Church Ave, Brooklyn, NY 11203
- IW Funeral Flower Delivery Brooklyn — 546 Schenectady Ave, Brooklyn, NY 11203, United States
- Brownsville Premiere Florist — 1093 Clarkson Ave, Brooklyn, NY 11212
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
