New Medical
For Sale
$650,000
002-1306 83rd St, Brooklyn, NY 11209
The planned healthcare layout also accommodates office, adult care, nursing, and tutoring functions.
Property Size1,300 SF
Price / SF$500
Days on Market9
Property Features for 002-1306 83rd St
General Information
Standard status
Active
Size
1,300 SF
Listing Agency:
RE/MAX Edge
Listed By:
Qikang Mei · License #10401207839
(718) 612-3088
Source:
Exprealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 10 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
This new building in Brooklyn is planned as a healthcare facility and measures approximately 1,300 square feet. Other described use options include adult care, medical or professional offices, a nursing home, and an after-school tutoring center.
The property is at 002-1306 83rd St. Common charges include water, and the building has a 25-year tax abatement.
The property is at 002-1306 83rd St. Common charges include water, and the building has a 25-year tax abatement.
Key Highlights
- Approximately 1,300 square feet
- Planned healthcare facility with other described uses including adult care, medical office, nursing home, professional office, and tutoring
- Common charges include water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,688
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,760
$793.8K
Cap Rate 7%
$566,971
$567.0K
Cap Rate 9%
$440,978
$441.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$73.6K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$72.2K $55.51/SF
− OpEx
−$32.5K −$24.98/SF
NOI
$39.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,760
Cap Rate 7%
$566,971
Cap Rate 9%
$440,978
Alternative Uses
Best Use
Apartment 5plus
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 6.11%
Second Best
Office B
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 center - The planned healthcare layout also accommodates office, adult care, nursing, and tutoring functions.
Where is this medical center located?
The property is located at 002-1306 83rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 1,300 square feet; Planned healthcare facility with other described uses including adult care, medical office, nursing home, professional office, and tutoring; Common charges include water
