Two-Level Medical Office
For Sale
$1,289,000
1749 E 16th Street, Brooklyn, NY 11229
Commercial, Brooklyn, NY
Property Size2,300 SF
Price / SF$560.43
Days on Market96
Property Features for 1749 E 16th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Basement
Finished
Subdivision
Homecrest
Standard status
Active
Size
2,300 SF
Taxes and HOA fees
Tax Annual Amount
19535
Amenities
ADA accessible
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 · RE/MAX International
Listed By:
Anna Soboleva
(718) 612-3088
Added: Jul 22
Changed: Oct 13
Last Checked: Oct 25 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,300-square-foot medical office condominium occupies two internally connected levels. Its layout includes approximately eight private office or exam rooms, a reception area, a waiting room, three restrooms, and additional workspace. The space is vacant, ADA accessible, and includes a deeded parking space. The building was constructed in 2003, and the property is zoned R5B.
Located at 1749 E 16th Street in Brooklyn, the property is minutes from the Kings Highway B and Q subway station and multiple bus lines. A dense residential community surrounds the area.
Located at 1749 E 16th Street in Brooklyn, the property is minutes from the Kings Highway B and Q subway station and multiple bus lines. A dense residential community surrounds the area.
Key Highlights
- 2,300 SF across two internally connected levels
- Approximately eight private offices or exam rooms
- Reception area, waiting room, and three restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,380
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,600
$1.1M
Cap Rate 7%
$819,714
$819.7K
Cap Rate 9%
$637,556
$637.6K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$99.4K $43.20/SF
− Vacancy
−$22.9K −$9.94/SF
EGI
$76.5K $33.26/SF
− OpEx
−$19.1K −$8.32/SF
NOI
$57.4K $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 Rate 5%
$1,147,600
Cap Rate 7%
$819,714
Cap Rate 9%
$637,556
Alternative Uses
Best Use
Office B
$819.7K
$717.3K – $956.3K
NOI $57,380 @ 7.0% cap · market cap 4.45%
Second Best
Healthcare Medical
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,560
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Kind Vet — 711 Avenue U, Brooklyn, NY 11223
- South Brooklyn Animal Clinic — 2394 Coney Island Ave, Brooklyn, NY 11223
- Яков Шейнберг DVM — 2806 Avenue U, Brooklyn, NY 11229
- Sheepshead Bay Veterinary Group — 2806 Avenue U, Brooklyn, NY 11229
- Oceanside Animal Clinic — 704 Kings Hwy, Brooklyn, NY 11223
Frequently Asked Questions
What type of property is this?
Medical Office Space - The vacant, ADA-accessible suite includes internal stair access and a deeded parking space.
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: 2,300 SF across two internally connected levels; Approximately eight private offices or exam rooms; Reception area, waiting room, and three restrooms
