867 53Rd StBrooklyn, NY 11220

For Sale
$1,365,000

Prime Brooklyn Office, High Income

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1,949 square foot commercial condo in Brooklyn's Sunset Park offers a compelling investment opportunity. Located at 867 53rd Street, this brand-new construction, elevator building boasts a first-floor unit connected to a basement. Currently leased to a senior center generating a gross annual income of $186,000, this property benefits from a 15-year tax abatement. Annual property taxes are $1,107.12, and monthly common charges are $891.04. The asking price is $1,365,000, representing an approximate 6% cap rate. The 2,850 square foot lot features 8-10 foot ceilings. Owner financing is available with a 40% down payment and a 6% interest rate, allowing for a 30-day closing. The sale includes immediate rent collection upon closing. This conveniently located property presents a rare chance to acquire a high-yielding, well-maintained commercial space in a thriving Brooklyn neighborhood. The property is in excellent condition and offers a strong return on investment.

Highlights

  • $1,365,000 Asking Price
  • 1,949 SF Office Condo
  • Located in prime Sunset Park, Brooklyn, NY
  • Currently leased to a senior center, generating $186,000 gross annual income
  • Features 15-year tax abatement and low property taxes ($1,107.12 annually)
  • Elevator building in excellent condition with a 2,850 SF lot

Property Details for 867 53Rd St

Property type
Other office properties, Office properties
Square Feet
1,949 SF
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6385246
Longitude
-74.0036821
867 53Rd St, Brooklyn, New York

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867 53Rd St
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