867 53Rd St Brooklyn, NY 11220
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
R6 · Brooklyn, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.