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Property profile & analytics
FOR LEASE
Office buildings

867 53Rd St Brooklyn, NY 11220

15,965 SF 0.07 ac lot Built 1925
Entity Owned 11-yr Hold Free & Clear
Property ID
US63-3642478
Property summary
AI-generated overview

This exceptional 1,335-square-foot commercial condominium is located in Brooklyn's desirable Sunset Park neighborhood at 867 53rd Street, zip code 11220. This brand-new construction unit is situated in an elevator building and boasts a private balcony. The asking price is $1,068,000. The property features 8-10 foot ceilings and sits on a 2,850-square-foot lot. A significant advantage is the 15-year tax abatement, resulting in currently low annual property taxes of only $678.12, along with a low monthly common charge of $545.81. The property is currently generating a monthly rental income of $4,000. Owner financing is available with a 40% down payment and a 6% interest rate, allowing for a 30-day closing. Its versatile layout is suitable for various uses, including but not limited to doctor's offices, senior centers, daycare centers, accounting firms, and travel agencies. The property's convenient location offers easy access to shopping, major banks, hospitals, and the N train/8th Avenue subway station. The seller is open to reasonable offers. This presents a unique opportunity to acquire a commercial property in the thriving 8th Avenue business district of Sunset Park.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1925
Total area 15,965 SF
Lot 0.07 ac (2,846 SF)
Zoning code R6
APN 05658-0050
UPID US63-3642478
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
  • Times English tutoring center时代英语教育中心 Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.83M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.82M
Owner & transaction history
Dream House Dev LLC · 11 yrs held
Dream House Dev LLC
since 2015
2 recorded transactions
2015
$1.9M
2015
$1.8M
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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