Medical Office Building For
For Sale
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1407 West 6th Street, Brooklyn, NY 11204
Medical office building in the heart of Bensonhurst, Brooklyn.
Property Size3,257 SF
Price / SF$767.58
Days on Market87
Property Features for 1407 West 6th Street
General Information
Standard status
Active
Size
3,257 SF
Property subtype
Office
Building Details
Year Built
1927
Stories
3
Listing Agency:
J ORLANDO REALTY CO
(718) 256-5100
Listed By:
James Orlando · License #NY 37or0563341
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Aug 12 at 8:07AM
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 3,257 square-foot brick building located on West 6th Street in the heart of Bensonhurst. The first floor features a waiting room, receptionist area, and bathroom. The second floor includes a lab, kitchen, waiting room, two bathrooms, and four exam rooms. The third floor offers two rooms, a kitchen, one bathroom, and an open office area. The property is zoned R5B and may be suitable for conversion to a mixed-use property. It presents a great opportunity for a medical practitioner and will be delivered vacant.
Key Highlights
- Prime Bensonhurst location ideal for medical practice
- Delivered Vacant
- R5 B Zoning allows possible conversion to mixed‑use property
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 - Medical office building in the heart of Bensonhurst, Brooklyn.
Where is this medical office space located?
The property is located at 1407 West 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: Prime Bensonhurst location ideal for medical practice; Delivered Vacant; R5 B Zoning allows possible conversion to mixed‑use property
