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 Market118
Property Features for Ccf-720 57th St
General Information
- Standard status
- Active
- Size
- 1,288 SF
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Shumin (Mandy) Tan
(929) 364-1301
Source:
Exprealty
Added: Mar 30
Changed: Jul 22
Last Checked: Jul 23 at 10:30PM
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 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 | $100.2k | $77.76 |
| − Vacancy | −$11.9k | −$9.25 |
| EGI | $88.2k | $68.51 |
| − OpEx | −$26.5k | −$20.55 |
| NOI | $61.8k | $47.95 |
1,288 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
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
