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    Ground-Floor Medical Office Suite Title is generated by Realmo AI

    575 Kings Highway, Brooklyn, NY 11223

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    For Lease
    $24,000 SF/Yr $13,024,000/Mo (calc)

    SINGLE_FAMILY - Brooklyn, NY

    Type:Office
    Property size:
    6,512 SF
    Lot size:
    0.12 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 575 Kings Highway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    R6A
    Standard status
    Active
    Size
    6,512 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1931
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Tile
    Roof type
    Rubber

    We can help!

    Listing Contact
    Melanie M. Kishk

    Listing agent Melanie M. Kishk

    Listing office Century 21 MK Realty 496 Avenue P, Brooklyn, NY

    Listing date Jun 5, 2026

    MLS# 502049

    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.

    HighLights

    • 4,200 SF first‑floor medical office suite with a ground‑floor location and wide interior hallways
    • First floor includes 13 private offices/exam rooms, 2 large reception & waiting areas, and 3 bathrooms
    • Flexible medical layout with multiple consultation/treatment rooms plus administrative office space
    • 2,312 SF basement‑level office suite with a private lower‑level configuration and dedicated storage
    • Basement suite features 6 private offices/exam rooms, a large central reception/waiting area, 2 bathrooms, and utility/storage room
    • Immediate availability with use flexibility for medical, dental, physical therapy, wellness, therapy, administrative, educational, and professional office users

    Overview

    This offering includes two connected office spaces at 575 Kings Highway: a first-floor medical office suite and a private basement level office suite. The first floor provides 4,200 SF with a functional layout that includes 13 private offices and exam or treatment rooms, two large reception and waiting areas, three bathrooms, and an administrative office component. Wide interior hallways support day-to-day patient and staff flow, and the configuration is suited for medical, dental, physical therapy, wellness, or other professional office uses.

    A separate basement level suite of 2,312 SF is also available, with six private offices and exam rooms, a large central reception and waiting area, two bathrooms, and dedicated utility or storage space. Both levels are described as flexible, with multiple office configurations and wide interior hallways. Private stairway access provides separation between the upper and lower suites.

    The spaces are available immediately and are intended for a range of healthcare and professional applications, including therapy, wellness, administrative and educational office uses. With dedicated rooms designed for consultations and examinations, this setup supports operators who need multiple private treatment or meeting rooms along with reception and support space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Friedman Irving MD Physician Melvin Rothberger, MD Ophthalmologist Dr. Robert Zoltan, ... Ophthalmologist Halabi Orthodontics Dental Office Dr. Eli Halabi Dental Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 4 Legged Friends Jacobson & Kudman Veterinary Clinic — 291 kings hwy, brooklyn, ny 11223
    • 4 Legged Veterinary Clinic Kings Highway — 291 Kings Hwy Floor 1, Brooklyn, NY 11223
    • Kind Vet — 711 Avenue U, Brooklyn, NY 11223
    • South Brooklyn Animal Clinic — 2394 Coney Island Ave, Brooklyn, NY 11223
    • Oceanside Animal Clinic — 704 Kings Hwy, Brooklyn, NY 11223

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.967991
    Latitude
    40.605381

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    FAQs

    What type of property is this?
    Medical Office Space - Ground-floor suite with exam and consultation rooms, plus additional private lower-level office space for flexible healthcare or professional use.
    Where is this medical office space located?
    The property is located at 575 Kings Highway Brooklyn, NY.
    What is the lease rate?
    The lease rate is $24,000.
    What are key features of this property?
    This property features: 4,200 SF first‑floor medical office suite with a ground‑floor location and wide interior hallways; First floor includes 13 private offices/exam rooms, 2 large reception & waiting areas, and 3 bathrooms; Flexible medical layout with multiple consultation/treatment rooms plus administrative office space
    (718) 627-7390
    We can help!
    Listing Contact
    Melanie M. Kishk
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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