Medical Facility Office with Exam
For Sale
$2,750,000
9320 Flatlands Avenue, Brooklyn, NY 11236
COMMERCIAL - Brooklyn, NY
Property Size10,300 SF
Lot Size0.25 Acres
Price / SF$266.99
Days on Market38
Property Features for 9320 Flatlands Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R4-1
Basement
Finished, Full
Subdivision
Canarsie
Standard status
Active
Size
10,300 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
78285
Building Details
Year built
1961
Building materials
Brick, Masonry
Roof type
Flat
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Josefina R Nover · License #NOVIE5438
(718) 272-8988
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 13 at 7:06AM
MLS# 502836
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 for-sale medical facility office is set up with sectioned patient examination rooms. The configuration supports healthcare office use within a dedicated interior layout.
Located at 9320 Flatlands Avenue in Brooklyn, the property is described as being in the heart of Canarsie and accessible to all transportation.
The property is zoned R4-1. With a stated property size of 10,300 square feet and lot size of 0.2455 acres, it offers a dedicated footprint for an owner-operator or qualified buyer seeking an established medical office environment.
Located at 9320 Flatlands Avenue in Brooklyn, the property is described as being in the heart of Canarsie and accessible to all transportation.
The property is zoned R4-1. With a stated property size of 10,300 square feet and lot size of 0.2455 acres, it offers a dedicated footprint for an owner-operator or qualified buyer seeking an established medical office environment.
Key Highlights
- Brick and masonry construction
- Flat roof
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$238,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,775,900
$4.8M
Cap Rate 7%
$3,411,357
$3.4M
Cap Rate 9%
$2,653,278
$2.7M
Market Conditions
NOI Build-Up for 10,300 SF
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.
Gross rent
$432.6K $42.00/SF
− Vacancy
−$34.6K −$3.36/SF
EGI
$398.0K $38.64/SF
− OpEx
−$159.2K −$15.46/SF
NOI
$238.8K $23.18/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,775,900
Cap Rate 7%
$3,411,357
Cap Rate 9%
$2,653,278
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $256,964 @ 7.0% cap · market cap 9.34%
Second Best
Healthcare Medical
$3.41M
$2.98M – $3.98M
NOI $238,795 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$8.53M
$7.46M – $9.95M
NOI $596,988 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Medicine & Surgery Clinic — 9518 Avenue L, Brooklyn, NY 11236
- Canarsie Animal Hospital — 8423 Flatlands Ave, Brooklyn, NY 11236
- Alexander Cortes — 9518 Avenue L, Brooklyn, NY 112364811
- Chaikin Ronald DVM — 9518 Avenue L, Brooklyn, NY 11236
Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale medical facility office with sectioned patient examination rooms and R4-1 zoning.
Where is this medical office space located?
The property is located at 9320 Flatlands Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Brick and masonry construction; Flat roof; Built in 1961
