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Medical Condo Office Suite
For Sale
$1,698,000

1a-7620 Bay Pkwy, Brooklyn, NY 11230

Medical condo unit currently operating as a neurology and pain management practice with included equipment and medical records.

Property Size1,846 SF
Price / SF$919.83
Days on Market108

Property Features for 1a-7620 Bay Pkwy

General Information

Standard status Active
Size 1,846 SF

Additional Details

Business Included Yes
Listing Agency: Empire State Realty Group
Listed By: Aldo Iemma · License #10311208950
Source: Exprealty
Added: May 4 Changed: Aug 15 Last Checked: Aug 19 at 10:06AM

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 Empire State Realty Group

Investment Insights

Based on property information with market context.

This medical condo is currently being used as a neurology and pain management practice. The suite is sized to accommodate up to three doctors at the same time and is offered with medical equipment included. The listing also notes that the unit remains tax abated and that a patient accounts receivable package, along with a patient database, is included with the sale.

The property is located at a commercial intersection served by multiple bus and train lines running 24 hours. It is also described as being across from Seth Lowe Park.

Per the seller, the preferred transaction is a package deal that sells the medical practice together with the condo, though the practice and condo can be sold separately if needed. Financial disclosures are available upon request.

Key Highlights

  • Medical condo currently operating as a neurology and pain management practice (1,864 SF).
  • All medical equipment included; all equipment is included as part of the sale.
  • Still tax abated and could be used by 3 doctors at the same time.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

3,994
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11230, NY

91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical condo unit currently operating as a neurology and pain management practice with included equipment and medical records.
Where is this medical office space located?
The property is located at 1a-7620 Bay Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Medical condo currently operating as a neurology and pain management practice (1,864 SF).; All medical equipment included; all equipment is included as part of the sale.; Still tax abated and could be used by 3 doctors at the same time.
More about this property
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