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Financial
Distress signals
Property profile

867 53Rd St Brooklyn, NY 11220

FOR LEASE
Office buildings
Property ID
US63-3642478
15,965 SF 0.07 ac lot Built 1925
Last sale Aug 2015 · $1,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a third-floor commercial condominium unit within a seven-unit commercial condo building in Brooklyn, New York (867 53rd St, Unit 3, 11220), located in the Sunset Park area. The unit contains 1,439 square feet and is accessed within the building that includes an elevator. The space is configured for commercial use and was previously occupied by a dance studio tenant (Barre Dance Center).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$109k
Tax billed · 2024
Assessed value$1.05M
Assessed land$167k
Assessed improvement$880k
Effective rate10.41%

Value estimate

· Oct 2026
$7.82M
$7.04M – $8.60M
CAP approach$7.83M
NOI build-up
Gross scheduled income$73k
Vacancy & credit loss−$15k
Operating expenses−$14k
NOI · 826.37% cap applied$43k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,490/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$730 – $2,156
Qualifying comparables6

Cap rate analysis

How does the asset earn?
826.37%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm111.9
Realty agency101.3
Parking Facility53.5

Location

867 53Rd St Brooklyn, NY 11220
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6013 9th, Brooklyn, NY 11220-4306 $4,800,000 May 2023 9,570 SF
740 64th, Brooklyn, NY 11220-4714 $73,382,999 Sep 2022 18,545 SF
730-732 64th, Brooklyn, NY 11220 $73,382,999 Sep 2022 50,760 SF
701 64th, Brooklyn, NY 11220 $73,382,999 Sep 2022 94,000 SF
6803 5th, Brooklyn, NY 11220-6009 $2,250,000 Dec 2021 3,788 SF
5024 5th, Brooklyn, NY 11220-1909 $4,400,000 May 2019 7,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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