For Sale
$1,068,000

867 53Rd StBrooklyn, NY 11220

Prime Brooklyn office, 1,335 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • 1,335 sq ft commercial condo in Sunset Park, Brooklyn (867 53rd Street, 11220).
  • Brand new construction in an elevator building with a private balcony.
  • Asking price: $1,068,000; $4,000 monthly rental income.
  • 15-year tax abatement (current annual taxes: $678.12); low monthly common charges ($545.81).
  • Owner financing available (40% down, 6% interest, 30-day closing).
  • Versatile layout suitable for various uses (e.g., medical, daycare, office).

Property Details for 867 53Rd St

Property type
Office properties
Square Feet
1,335 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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