Brand New Medical Office
For Sale
Contact for pricing
1021-1023 38th Street, Brooklyn, NY 11219
New 7-floor medical facility in Brooklyn designed for flexible build-out to match your practice needs.
Property Size40,000 SF
Days on Market46
Property Features for 1021-1023 38th Street
General Information
Standard status
Active
Size
40,000 SF
Total Parking Spaces
44
Property subtype
Office
Zoning
M1-2
Building Details
Stories
7
Listing Agency:
Norman Bobrow & Co. Inc.
(212) 682-4280
Listed By:
Michael Nazarian · License #NY
Source:
Crexi
Added: Jul 2
Changed: Aug 16
Last Checked: Aug 13 at 2:27PM
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 Norman Bobrow & Co. Inc.
Investment Insights
Based on property information with market context.
This offering is for a brand new medical office building designed to give an owner a dedicated facility. The property is a seven-floor complex with approximately 40,000 square feet, providing a full-building opportunity to shape the layout around a medical office program.
Located at 1021-1023 38th Street in Brooklyn, the property is positioned as a standalone medical building rather than a shared medical suite arrangement. The full-building configuration supports an owner-driven build-out approach for an operator that wants control over the workflow and tenant improvements.
For healthcare practices, this type of asset can be a practical fit when you want your own facility and the ability to build it your way. The multi-floor structure and dedicated medical format are aligned with assembling a cohesive practice environment under one ownership. Buyers and affiliated operators can evaluate how the building’s size and vertical configuration may support exam rooms, offices, and related medical functions, based on their specific requirements and planned improvements.
Located at 1021-1023 38th Street in Brooklyn, the property is positioned as a standalone medical building rather than a shared medical suite arrangement. The full-building configuration supports an owner-driven build-out approach for an operator that wants control over the workflow and tenant improvements.
For healthcare practices, this type of asset can be a practical fit when you want your own facility and the ability to build it your way. The multi-floor structure and dedicated medical format are aligned with assembling a cohesive practice environment under one ownership. Buyers and affiliated operators can evaluate how the building’s size and vertical configuration may support exam rooms, offices, and related medical functions, based on their specific requirements and planned improvements.
Key Highlights
- Brand new 7‑floor medical building in Brooklyn
- Approximately 40,000 square feet of space
- Flexible design allows build‑out to match your practice needs
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,242
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - New 7-floor medical facility in Brooklyn designed for flexible build-out to match your practice needs.
Where is this medical office space located?
The property is located at 1021-1023 38th Street Brooklyn, NY.
What are key features of this property?
This property features: Brand new 7‑floor medical building in Brooklyn; Approximately 40,000 square feet of space; Flexible design allows build‑out to match your practice needs
