Two-Level Medical Office
For Sale
$1,289,000
1749 East 16th Street, Brooklyn, NY 11229
Vacant two-level medical office condo with private offices, reception, waiting area, and three restrooms, ADA accessible.
Property Size4,600 SF
Price / SF$280.22
Days on Market103
Property Features for 1749 East 16th Street
General Information
Standard status
Active
Size
4,600 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Business Included
No
Amenities
ADA accessible
Building Details
Stories
2
Listing Agency:
RE/MAX Edge
Listed By:
Anna Soboleva · License #10401366828
(718) 612-3088
Source:
Prideestates
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 4 at 1:05PM
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 RE/MAX Edge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale is a 4,600 SF commercial condominium spanning two full levels. The space was previously occupied as a medical office and is laid out with approximately eight private offices/exam rooms, a reception area, waiting room, flexible workspace, and three restrooms. The two-level layout is connected internally and is designed to provide separation between patient/client areas, treatment rooms, administrative offices, and support space. ADA accessibility is included.
The property includes deeded parking and is located in Midwood, Brooklyn, with access to Kings Highway B & Q subway service and multiple bus lines. The surrounding area is described as a dense residential community.
Ready for immediate occupancy, the condo can support a range of professional and medical office uses, including medical, dental, physical therapy, chiropractic, behavioral health, wellness, and other professional services listed in the remarks.
The property includes deeded parking and is located in Midwood, Brooklyn, with access to Kings Highway B & Q subway service and multiple bus lines. The surrounding area is described as a dense residential community.
Ready for immediate occupancy, the condo can support a range of professional and medical office uses, including medical, dental, physical therapy, chiropractic, behavioral health, wellness, and other professional services listed in the remarks.
Key Highlights
- Vacant 4,600 SF commercial condominium with two full levels and an internal connection
- Previously used as a medical office with about eight private offices/exam rooms plus reception and waiting room
- Includes three restrooms and flexible workspace for professional or medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,761
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,295,220
$2.3M
Cap Rate 7%
$1,639,443
$1.6M
Cap Rate 9%
$1,275,122
$1.3M
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$198.7K $43.20/SF
− Vacancy
−$45.7K −$9.94/SF
EGI
$153.0K $33.26/SF
− OpEx
−$38.3K −$8.32/SF
NOI
$114.8K $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%
$2,295,220
Cap Rate 7%
$1,639,443
Cap Rate 9%
$1,275,122
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 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Vacant two-level medical office condo with private offices, reception, waiting area, and three restrooms, ADA accessible.
Where is this medical office space located?
The property is located at 1749 East 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: Vacant 4,600 SF commercial condominium with two full levels and an internal connection; Previously used as a medical office with about eight private offices/exam rooms plus reception and waiting room; Includes three restrooms and flexible workspace for professional or medical use
