Sunset Park Medical Office
863 50th St M5, Brooklyn, NY 11220
Well-maintained medical office in Sunset Park, Brooklyn for sale.
Type:Commercial
Property size:
1,018 SFPrice / SF:
$588/SF- Added:
- Apr 24, 2026
- Days on Market:
- 34
- Last Refresh:
- Apr 24 at 3:19 pm
Property Features for 863 50th St M5
General Information
- Standard status
- Active
- Size
- 1,018 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office REMAX EDGE (718) 612-3088
Listing date Apr 24, 2026
Source Elliman
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 REMAX EDGE
HighLights
- Prime location in the heart of Sunset Park with excellent walkability and transit options.
- Well‑maintained medical office space of approximately 1,018 sq ft, ideal for medical professionals.
- Established pediatric office for 16 years, indicating a potentially strong patient base.
- Functional layout featuring a lobby, secure front desk, three offices, storage, pantry, and two bathrooms (one handicap accessible).
- Relatively new construction (built in 2004) with central air conditioning and baseboard heating.
- Monthly HOA covers heating and water, simplifying utility management.
Overview
Located in the heart of Sunset Park, this well-maintained medical office is situated on the second floor of an elevated building constructed in 2004. The space spans approximately 1,018 square feet and has been operating as a pediatric office for the past 16 years. The layout features a welcoming lobby for client reception and a secure enclosed front desk area. It includes three spacious offices, a storage room, and a cozy pantry. There are two bathrooms, one of which is handicap accessible. The unit is equipped with central air conditioning and a baseboard heating system. On-site parking is available for rent at $300 per month. The monthly HOA is $573.78, covering heating and water. Annual property taxes are $10,679. The location has a bike score of 69, indicating it is bikeable, a walk score of 94, designating it as a walker's paradise, and a transit score of 78, indicating excellent transit options.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$337.8K
NOI $30,400 @ 9.00% cap · cautious / downside scenario
Moderate
$434.3K
NOI $30,400 @ 7.00% cap · market / base-case scenario
Aggressive
$608.0K
NOI $30,400 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $50.40 |
| − Vacancy | −$10.8k | −$10.58 |
| EGI | $40.5k | $39.82 |
| − OpEx | −$10.1k | −$9.95 |
| NOI | $30.4k | $29.86 |
1,018 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 5.08%
Second Best
Healthcare Medical
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$659.9K
$577.5K – $769.9K
NOI $46,196 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Oriental K Inc
Medical Clinic
Jinpeng Peng Md
Pediatrician
Dr. Agnes So, ...
Pediatrician
Dr. Yixiu Zheng, ...
Physician
Dr. Jennifer Cheng
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.00229
- Latitude
- 40.640326
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical office in Sunset Park, Brooklyn for sale.
Where is this medical office space located?
The property is located at 863 50th St M5 Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location in the heart of Sunset Park with excellent walkability and transit options.; Well‑maintained medical office space of approximately 1,018 sq ft, ideal for medical professionals.; Established pediatric office for 16 years, indicating a potentially strong patient base.
