Three-Story Medical Office
For Sale
$2,500,000
1407 W 6 St, Brooklyn, NY 11204
COMMERCIAL - Brooklyn NY 11204, NY
Property Size3,257 SF
Price / SF$767.58
Days on Market93
Property Features for 1407 W 6 St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Subdivision
Bensonhurst
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
42000
Listing Agency:
J ORLANDO REALTY CO
(718) 288-2292
Listed By:
James D. Orlando · License #37OR0563341
(718) 288-2292
Added: May 23
Changed: Aug 4
Last Checked: Aug 23 at 2:06PM
MLS# 11781258
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-level brick medical office property contains 3,257 SF and is arranged for clinical and administrative functions. The first floor includes a waiting room, reception area, and bathroom. On the second floor, the layout provides laboratory space, a kitchen, another waiting area, two bathrooms, and four exam rooms. The third floor adds two rooms, a kitchen, one bathroom, and open office space.
The building is located on West 6th Street in Bensonhurst, Brooklyn, within R5B zoning. It will be delivered vacant, providing a ready opportunity for a medical office user seeking a multi-floor configuration. The source information also identifies possible conversion to mixed use, subject to applicable requirements and approvals.
The building is located on West 6th Street in Bensonhurst, Brooklyn, within R5B zoning. It will be delivered vacant, providing a ready opportunity for a medical office user seeking a multi-floor configuration. The source information also identifies possible conversion to mixed use, subject to applicable requirements and approvals.
Key Highlights
- 3,257 SF brick medical office building
- Three‑floor layout with waiting areas, reception, lab, exam rooms, and open office space
- Second floor includes 4 exam rooms, laboratory space, kitchen, 2 bathrooms, and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,625,120
$1.6M
Cap Rate 7%
$1,160,800
$1.2M
Cap Rate 9%
$902,844
$902.8K
Market Conditions
NOI Build-Up for 3,257 SF
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.
Gross rent
$140.7K $43.20/SF
− Vacancy
−$32.4K −$9.94/SF
EGI
$108.3K $33.26/SF
− OpEx
−$27.1K −$8.32/SF
NOI
$81.3K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,625,120
Cap Rate 7%
$1,160,800
Cap Rate 9%
$902,844
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.35M
NOI $81,256 @ 7.0% cap · market cap 3.25%
Second Best
Healthcare Medical
$1.08M
$943.9K – $1.26M
NOI $75,510 @ 7.0% cap · market cap 3.02%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,776 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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 Office Space - Configured with exam rooms, laboratory space, kitchens, and multiple waiting areas.
Where is this medical office space located?
The property is located at 1407 W 6 St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,257 SF brick medical office building; Three‑floor layout with waiting areas, reception, lab, exam rooms, and open office space; Second floor includes 4 exam rooms, laboratory space, kitchen, 2 bathrooms, and waiting area
