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Corner Ground-Floor Medical Suite
For Sale
$900,000

1-531 5th St, Brooklyn, NY 11249

Ground-floor suite with private entrance, waiting area, office/exam space, bathroom, and galley kitchen.

Property Size29,171 SF
Lot Size0.01 Acres
Price / SF$30.85
Days on Market46

Property Features for 1-531 5th St

General Information

Standard status Active
Size 29,171 SF
Lot size 0.01 Acres

Additional Details

Floor Ground Floor
HOA Fee $309
Office Units 1
Listing Agency: Revived Residential
Listed By: Juliette E. Pannone
Source: Exprealty
Added: Jun 15 Changed: Jul 29 Last Checked: Jul 30 at 3:33PM

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 Revived Residential

Investment Insights

Based on property information with market context.

531 5th Street presents a ground-floor professional medical suite with a corner position and its own private entrance attached to an established condominium. The current layout includes a large waiting room, an office/exam space, a bathroom, and a small galley kitchen. An attached lot of approximately 300 additional square feet is also available, for a total potential space of 932 square feet.

The suite is zoned for an Ambulatory or Diagnostic Treatment Health Care Facility. The property is described as being just one avenue from NY-Presbyterian Brooklyn Methodist Hospital and Prospect Park.

Common charges are listed at $309 per month. Showings are available privately by appointment.

Key Highlights

  • 900 SF ground‑floor medical suite with corner exposure in Park Slope
  • Private entrance attached to an established condominium
  • Current layout includes a large waiting room, office/exam space, bathroom, and a small galley kitchen

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Law Firm Pet Grooming Service Adult Day Care Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

4,887
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11249, NY

42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Ground-floor suite with private entrance, waiting area, office/exam space, bathroom, and galley kitchen.
Where is this medical office space located?
The property is located at 1-531 5th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 900 SF ground‑floor medical suite with corner exposure in Park Slope; Private entrance attached to an established condominium; Current layout includes a large waiting room, office/exam space, bathroom, and a small galley kitchen
More about this property
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