Medical Office Building For
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1407 West 6 St, Brooklyn, NY 11204
Medical office building in Bensonhurst, Brooklyn, suitable for practitioners.
Property Size3,257 SF
Price / SF$767.58
Days on Market86
Property Features for 1407 West 6 St
General Information
Standard status
Active
Size
3,257 SF
Property subtype
Office
Listing Agency:
J ORLANDO REALTY CO
(718) 256-5100
Listed By:
James Orlando · License #NY 37or0563341
Source:
Crexi
Added: May 23
Changed: Aug 8
Last Checked: Aug 15 at 5:24AM
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 J ORLANDO REALTY CO
Investment Insights
Based on property information with market context.
This is a brick building located on West 6th Street in the heart of Bensonhurst, Brooklyn. The property is suitable for doctors and medical offices. The first floor features a waiting room, receptionist area, and a bathroom. The second floor includes a lab, kitchen, waiting room, two bathrooms, and four exam rooms. The third floor contains two rooms, a kitchen, one bathroom, and an open office area. The total area of the building is 3257 square feet. The property has R 5 B Zoning and possible conversion to mixed-use property. The building will be delivered vacant, presenting an opportunity for a medical practitioner.
Key Highlights
- Great location in the heart of Bensonhurst, Brooklyn.
- Delivered Vacant.
- Suitable for medical practitioner with existing office layout (exam rooms, lab, waiting rooms).
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
4,316
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 - Medical office building in Bensonhurst, Brooklyn, suitable for practitioners.
Where is this medical office space located?
The property is located at 1407 West 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: Great location in the heart of Bensonhurst, Brooklyn.; Delivered Vacant.; Suitable for medical practitioner with existing office layout (exam rooms, lab, waiting rooms).
