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    Medical Office Co-op in Elevator Building Title is generated by Realmo AI

    1120 Brighton Beach Avenue, Brooklyn, NY 11235

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    New
    For Sale
    $1,490,000

    SINGLE_FAMILY - Brooklyn, NY

    Type:Office
    Lot size:
    1.27 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 1120 Brighton Beach Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    R7-1
    Standard status
    Active
    APN
    08721-0350
    Lot size
    1.27 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1935
    Floors in Building
    6
    Building materials
    Brick

    We can help!

    Listing Contact
    Lin Pan

    Listing agent Lin Pan

    Listing office Lin Pan Realty Group LLC 5 Bond St Suite #201, Great Neck, NY

    Listing date Jun 1, 2026

    MLS# 1007437

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing medical office co‑op at 1120 Brighton Beach Avenue, 1st Floor, Brooklyn
    • Includes three combined units (X, 1‑X, and 1‑Z) within an established elevator co‑op building
    • Medical office layout with examination rooms, consultation areas, waiting areas, reception space, and storage
    • Occupied by multiple medical and professional tenants
    • Brick construction with natural gas heating and central air conditioning
    • Public water and public sewer

    Overview

    This for-sale medical office co-op is located on the 1st floor of an established elevator co-op building and combines three units, identified as X, 1-X, and 1-Z. The space is configured to support a medical/professional workflow, with examination rooms, consultation areas, waiting areas, reception space, and storage. Shared front desk functionality is also described as part of the operating layout.

    The property is offered as an income-producing co-op in Brooklyn, NY, at 1120 Brighton Beach Avenue (11235). It is described as being in the heart of Brighton Beach. The building’s elevator-co-op setup supports tenant and patient access to the 1st-floor suite.

    For buyers and operators seeking an on-site medical office environment, the existing room mix is designed around client intake, waiting, consults, and examinations, with reception and storage already incorporated. The co-op is described as fully occupied by multiple medical and professional tenants, providing an owner with the opportunity to acquire an operating medical office configuration within a multi-tenant co-op building. Zoning is listed as R7-1, and buyers should confirm all intended uses and any co-op requirements through the appropriate channels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Leon Nitkin, MD Physician Future Podiatrist PC Physician Ernest Tsilov, DPM Physician 1120 Brighton Owners ... Real Estate Agency Oramed Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Dr. Jeffrey Z Stein — 126 Brighton 11th St, Brooklyn, NY 11235
    • Brighton 11th Pharmacy INC. — 124 Brighton 11th St, Brooklyn, NY 11235
    • Small Friends Veterinary Clinic dr. Olga Korobkova — 360 Neptune Ave, Brooklyn, NY 11235

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.956339
    Latitude
    40.577425

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    FAQs

    What type of property is this?
    Medical Office Space - Combined medical office units with exam rooms, consultation and reception space in an elevator co-op building.
    Where is this medical office space located?
    The property is located at 1120 Brighton Beach Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Income‑producing medical office co‑op at 1120 Brighton Beach Avenue, 1st Floor, Brooklyn; Includes three combined units (X, 1‑X, and 1‑Z) within an established elevator co‑op building; Medical office layout with examination rooms, consultation areas, waiting areas, reception space, and storage
    (917) 902-8853
    We can help!
    Listing Contact
    Lin Pan
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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