Three-Story Medical Office
For Sale
$2,500,000
1407 W 6th Street, Brooklyn, NY 11204
Commercial, Brooklyn, NY
Property Size3,257 SF
Lot Size0.04 Acres
Price / SF$767.58
Days on Market134
Property Features for 1407 W 6th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R5B
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,257 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
43141
Building Details
Year built
1927
Floors in Building
3
Building materials
Brick
Roof type
Asphalt
Listing Agency:
St James Realty
(718) 256-5100
Listed By:
James D Orlando · License #37OR0563341
(718) 288-2292
Added: May 21
Changed: Sep 6
Last Checked: Oct 1 at 3:06PM
MLS# 501662
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 3,257-square-foot medical office property occupies three levels and will be delivered vacant. The first floor includes a reception area, waiting room, and bathroom. The second floor provides laboratory space, a kitchen, an additional waiting area, two bathrooms, and four exam rooms. The third floor contains two rooms, a kitchen, a bathroom, and open office space.
Located at 1407 W 6th Street in Brooklyn, the property is zoned R5B and was constructed in 1927. Brick construction and an asphalt roof contribute to the building’s established physical profile. The layout supports continued medical office use, with multiple patient-facing and administrative areas already configured within the building.
Located at 1407 W 6th Street in Brooklyn, the property is zoned R5B and was constructed in 1927. Brick construction and an asphalt roof contribute to the building’s established physical profile. The layout supports continued medical office use, with multiple patient-facing and administrative areas already configured within the building.
Key Highlights
- 3,257‑square‑foot medical office property across three levels
- Four exam rooms, laboratory area, waiting rooms, and reception space
- R5B zoning
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant brick medical facility with exam rooms, laboratory space, kitchens, waiting areas, and offices across three levels.
Where is this medical office space located?
The property is located at 1407 W 6th Street 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‑square‑foot medical office property across three levels; Four exam rooms, laboratory area, waiting rooms, and reception space; R5B zoning
