Turnkey Second-Floor Medical Office
863 50th Street Brooklyn, NY 11220
For Sale
$518,000
COMMERCIAL - Brooklyn, NY
Property Size1,018 SF
Lot Size0.14 Acres
Price / SF$508.84
Days on Market21
Property Features for 863 50th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6
Standard status
Active
Size
1,018 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
12975
Building Details
Year built
2004
Floors in Building
6
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(646) 407-6668
Added: Jul 10
Last Checked: Jul 30 at 2:06AM
MLS# 502928
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 fully equipped, turnkey medical office suite is located on the 2nd floor of an elevator building and is set up for professional use. The space includes a bright lobby, a secure enclosed front desk area, three private offices with the ability to be converted to four offices, a dedicated storage room, a pantry, and two bathrooms. Comfort is supported by central air conditioning and baseboard heating.
The property is positioned along 8th Avenue in Sunset Park. Commuting access is supported by nearby N train service and B9 and B70 bus lines.
Zoned R6, the suite is offered for sale with on-site parking available for lease upon request.
The property is positioned along 8th Avenue in Sunset Park. Commuting access is supported by nearby N train service and B9 and B70 bus lines.
Zoned R6, the suite is offered for sale with on-site parking available for lease upon request.
Key Highlights
- Fully equipped medical/professional office suite on the 2nd floor in an elevator building
- Approx. 1,018 SF layout with bright lobby, secure enclosed front desk, 3 private offices (easy to convert to 4)
- Includes dedicated storage room, pantry, and 2 bathrooms
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 | $51.3k | $50.40 |
| − Vacancy | −$10.8k | −$10.58 |
| EGI | $40.5k | $39.82 |
| − OpEx | −$10.1k | −$9.95 |
| NOI | $30.4k | $29.86 |
1,018 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$659.9K
$577.5K – $769.9K
NOI $46,196 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped 2nd-floor suite in an elevator building with enclosed reception, private offices, storage, pantry, and two bathrooms.
Where is this medical office space located?
The property is located at 863 50th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: Fully equipped medical/professional office suite on the 2nd floor in an elevator building; Approx. 1,018 SF layout with bright lobby, secure enclosed front desk, 3 private offices (easy to convert to 4); Includes dedicated storage room, pantry, and 2 bathrooms
