Two-Level Medical Office
For Sale
$1,289,000
1749 E 16th Street, Brooklyn, NY 11229
COMMERCIAL - Brooklyn, NY
Property Size2,300 SF
Price / SF$560.43
Days on Market14
Property Features for 1749 E 16th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Basement
Finished
Subdivision
Homecrest
Standard status
Active
Size
2,300 SF
Taxes and HOA fees
Tax Annual Amount
19535
Amenities
ADA accessible
Building Details
Year built
2003
Floors in Building
4
Number of units
1
Flooring type
Ceramic, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michael E. Napolitano Jr · License #10401366828
(718) 612-3088
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 4 at 8:06PM
MLS# 503220
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level medical office condominium totals 2,300 SF and was previously occupied as a medical office. The space is vacant and laid out with approximately eight private offices/exam rooms, a reception area, waiting room, three restrooms, and flexible workspace. An internal connection links the two full levels, providing separation between patient/client areas, treatment rooms, administrative offices, and support space. ADA accessibility is included, and the property comes with a deeded parking space. The building features brick construction, tile and ceramic flooring, and a shingle roof, with a 2003 year built.
Located at 1749 E 16th Street in Brooklyn (11229), the property is positioned for strong accessibility, just minutes from the Kings Highway B & Q subway station and multiple bus lines. The surrounding dense residential community supports convenient access for both employees and visitors.
Designed to accommodate a range of professional and medical uses, the layout can work for specialties such as medical, dental, physical therapy, chiropractic, behavioral health, wellness, and other office-based services.
Located at 1749 E 16th Street in Brooklyn (11229), the property is positioned for strong accessibility, just minutes from the Kings Highway B & Q subway station and multiple bus lines. The surrounding dense residential community supports convenient access for both employees and visitors.
Designed to accommodate a range of professional and medical uses, the layout can work for specialties such as medical, dental, physical therapy, chiropractic, behavioral health, wellness, and other office-based services.
Key Highlights
- 2,300 SF two‑level medical office condominium with internal connection
- Approximately eight private offices/exam rooms plus reception and waiting room
- Three restrooms and flexible workspace for professional use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.4k | $43.20 |
| − Vacancy | −$22.9k | −$9.94 |
| EGI | $76.5k | $33.26 |
| − OpEx | −$19.1k | −$8.32 |
| NOI | $57.4k | $24.95 |
2,300 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$819.7K
$717.3K – $956.3K
NOI $57,380 @ 7.0% cap · market cap 4.45%
Second Best
Healthcare Medical
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
5,560
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level, ADA-accessible medical office condo with private offices/exam rooms, reception, and deeded parking in R5B zoning.
Where is this medical office space located?
The property is located at 1749 E 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: 2,300 SF two‑level medical office condominium with internal connection; Approximately eight private offices/exam rooms plus reception and waiting room; Three restrooms and flexible workspace for professional use
