For Sale
$1,650,000

867 53Rd St Brooklyn, NY 11220

Prime Brooklyn Retail, 2,199 SF, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional 2,199 square foot retail condo in Brooklyn's Sunset Park neighborhood presents a compelling investment opportunity. Built in 2023, this brand-new commercial space is currently leased to a senior center, generating a gross annual income of $186,000. The asking price is $1,650,000, yielding an approximate 6% cap rate. The property boasts a 15-year tax abatement, with annual property taxes totaling $1,107.12. Monthly common charges are $891.04. This elevator building features a first-floor unit connected to a basement, ensuring ample space and functionality. The property is in excellent condition and offers convenient location. Owner financing is available with a 40% down payment and a 6% interest rate, allowing for a swift 30-day closing. Rent collection can commence immediately upon closing. This is a turnkey investment with strong cash flow potential.

Highlights

  • 2,199 SF retail condo in Sunset Park, Brooklyn.
  • Brand-new (2023 construction), currently leased to a senior center, generating $186,000 annual gross income.
  • Asking price: $1,650,000, offering a ~6% cap rate.
  • Features a 15-year tax abatement, with low annual property taxes ($1,107.12) and common charges ($891.04).
  • First-floor unit with basement access in an elevator building.
  • Owner financing available (40% down, 6% interest, 30-day closing).

Property Details for 867 53Rd St

Property type
Retail properties
Square Feet
2,199 SF
Year Built
2023

Location Insight

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

FAQs

What type of property is this?
Retail property - Prime Brooklyn Retail, 2,199 SF, 6% Cap Rate
Where is the retail property located?
The property is located at 867 53Rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2,199 SF retail condo in Sunset Park, Brooklyn.; Brand-new (2023 construction), currently leased to a senior center, generating $186,000 annual gross income.; Asking price: $1,650,000, offering a ~6% cap rate.
How can I contact the broker?
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867 53Rd St
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