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Property profile & analytics
FOR SALE
Retail space

720 57Th St 1CF Brooklyn, NY 11220

2,830 SF 0.14 ac lot Built 2007
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-4059057
720 57Th St,Unit 1CF, Brooklyn, NY 11220 For Sale
$2,264,000 2,830 SF
720 57Th St,Unit 1CF, Brooklyn, NY 11220
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Property summary
AI-generated overview

This exceptional 6,000 square foot commercial land parcel presents a compelling investment opportunity in Brooklyn's vibrant Sunset Park neighborhood. Located at 720 57th Street, this property is classified as a commercial condo and boasts a substantial lot size ideal for various development projects or continued leasehold income. The asking price is $1,288,000. Currently, the land is leased to an adult recreational center generating a monthly income of $4,000. The property's total square footage is 1,288 square feet, although the significant lot size offers considerable potential for expansion or redevelopment. The building's ceiling height is listed as "Other," indicating a need for on-site verification to determine the exact height. This prime location in Sunset Park offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The property is situated in Kings County (Brooklyn), New York, with a zip code of 11220. Given its current lease and substantial lot size, this property represents a strong investment with potential for significant returns. Serious inquiries are encouraged to explore the possibilities this unique opportunity presents. Further details regarding zoning and permitted uses are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 2,830 SF
Lot 0.14 ac (6,010 SF)
Zoning code R6B
APN 00850-1002
UPID US63-4059057
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brooklyn Elite Center Inc High School Daycare Center
  • apartment Hotel & Motel
  • Brooklyn Asian Civilian Observation Patrol Public Safety Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$650k
Blend (final) Blend
$780k
Owner & transaction history
772 & 720 Liu's LLC · 1 yrs held
772 & 720 Liu's LLC
since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2019
Price N/A
2019
$226,689
2019
Price N/A
2018
Price N/A
2017
Price N/A
Zoning & alternative use
R6B · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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