Medical Office
1749 E 16th Street Brooklyn, NY 11229
New
For Sale
$1,289,000
COMMERCIAL - Brooklyn, NY
Property Size4,600 SF
Price / SF$280.22
Days on Market3
Property Features for 1749 E 16th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R5B
- Basement
- Finished
- Standard status
- Active
- Size
- 4,600 SF
Taxes and HOA fees
- Tax Annual Amount
- 19535
Building Details
- Year built
- 2003
- Floors in Building
- 4
- Number of units
- 1
- Flooring type
- Tile, Ceramic
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Anna Soboleva · License #10401366828
(718) 612-3088
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 24 at 1:06PM
MLS# 503220
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.
Commercial condominium for sale at 1749 E 16th Street in Brooklyn, offering 4,600 square feet across two full interior levels. The space was previously configured as a medical office and features approximately eight private offices/exam rooms, a reception area, a waiting room, flexible workspace, and three restrooms. It provides internal connection between levels and includes ADA accessibility.
The property includes a deeded parking space and is positioned for commuter access near the Kings Highway B & Q subway station and multiple bus lines. It is situated in the Midwood area and is surrounded by a dense residential community.
With its separation of patient/client areas, treatment rooms, administrative offices, and support space, this vacant, move-in-ready condo is designed to support a range of professional uses.
The property includes a deeded parking space and is positioned for commuter access near the Kings Highway B & Q subway station and multiple bus lines. It is situated in the Midwood area and is surrounded by a dense residential community.
With its separation of patient/client areas, treatment rooms, administrative offices, and support space, this vacant, move-in-ready condo is designed to support a range of professional uses.
Key Highlights
- 4,600 SF commercial condominium across two full levels in Midwood, Brooklyn
- Vacant former medical office with ~8 private offices/exam rooms, reception, waiting room, and flexible workspace
- Includes three restrooms and an efficient internal layout for separated client/patient and administrative areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.7k | $43.20 |
| − Vacancy | −$45.7k | −$9.94 |
| EGI | $153.0k | $33.26 |
| − OpEx | −$38.3k | −$8.32 |
| NOI | $114.8k | $24.95 |
4,600 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,761 @ 7.0% cap · market cap 8.90%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.78M
NOI $106,646 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$3.81M
$3.33M – $4.44M
NOI $266,616 @ 7.0% cap · market cap 20.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Gene Zitser, ...
Physician
Dr. Lilia Levitz, ...
Physician
Dr. Leonard I. ...
Physician
Healthcare Medical Pc
Medical Clinic
Similar Off Market Nearby
- Kind Vet — 711 Avenue U, Brooklyn, NY 11223
- South Brooklyn Animal Clinic — 2394 Coney Island Ave, Brooklyn, NY 11223
- Oceanside Animal Clinic — 704 Kings Hwy, Brooklyn, NY 11223
- Sheepshead Bay Veterinary Group — 2806 Avenue U, Brooklyn, NY 11229
- Яков Шейнберг DVM — 2806 Avenue U, Brooklyn, NY 11229
FAQs
What type of property is this?
Medical Office Space - Two-level medical office condo with private offices/exam rooms, reception, waiting area, three restrooms, and deeded parking.
Where is this medical office space located?
The property is located at 1749 E 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: 4,600 SF commercial condominium across two full levels in Midwood, Brooklyn; Vacant former medical office with ~8 private offices/exam rooms, reception, waiting room, and flexible workspace; Includes three restrooms and an efficient internal layout for separated client/patient and administrative areas
