Medical Office Condominium
For Sale
$729,000
145 Kenilworth Place #CF-CA, Brooklyn, NY 11210
Commercial condominium with potential for medical, community, or senior day care use.
Property Size2,403 SF
Days on Market250
Property Features for 145 Kenilworth Place #CF-CA
General Information
Standard status
Active
Size
2,403 SF
Property subtype
Commercial
Zoning
RB
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,309
Building Details
Building Size
2,403 SF
Year Built
2008
Stories
5
Listing Agency:
Exit Realty Prime
(646) 567-0158
Listed By:
Mehar A. Khanzada · License #10301204594
(646) 567-0158
Source:
Callexitfirst
Added: Dec 22, 2025
Changed: Aug 28
Last Checked: Aug 28 at 8:17PM
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 Exit Realty Prime
Investment Insights
Based on property information with market context.
This commercial condominium unit is positioned for several community-serving applications, including medical office, senior day care center, and community facility use. The property is classified within RB zoning, with the specific permitted use to be confirmed by the user.
The unit is located at 145 Kenilworth Place in Brooklyn, near Brooklyn College and a range of daily-service destinations, including restaurants, banks, gyms, and grocery stores. The 5 and 2 trains are one block away, providing convenient public transportation access for staff, visitors, and clients.
The unit is located at 145 Kenilworth Place in Brooklyn, near Brooklyn College and a range of daily-service destinations, including restaurants, banks, gyms, and grocery stores. The 5 and 2 trains are one block away, providing convenient public transportation access for staff, visitors, and clients.
Key Highlights
- Commercial condominium unit at 145 Kenilworth Place #CF‑CA, Brooklyn, NY 11210
- Potential use for medical office, senior day care center, or community facility
- RB zoning designation
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
$59,950
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
8.22%
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%
$1,199,000
$1.2M
Cap Rate 7%
$856,429
$856.4K
Cap Rate 9%
$666,111
$666.1K
Market Conditions
NOI Build-Up for 2,403 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
$103.8K $43.20/SF
− Vacancy
−$23.9K −$9.94/SF
EGI
$79.9K $33.26/SF
− OpEx
−$20.0K −$8.32/SF
NOI
$60.0K $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%
$1,199,000
Cap Rate 7%
$856,429
Cap Rate 9%
$666,111
Alternative Uses
Best Use
Office B
$856.4K
$749.4K – $999.2K
NOI $59,950 @ 7.0% cap · market cap 8.22%
Second Best
Healthcare Medical
$795.9K
$696.4K – $928.5K
NOI $55,711 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,278 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,608
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial condominium with potential for medical, community, or senior day care use.
Where is this medical office space located?
The property is located at 145 Kenilworth Place #CF-CA Brooklyn, NY.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Commercial condominium unit at 145 Kenilworth Place #CF‑CA, Brooklyn, NY 11210; Potential use for medical office, senior day care center, or community facility; RB zoning designation
