Medical Laboratory Office
For Sale
Contact for pricing
229 49th St, Brooklyn, NY 11220
2016-constructed medical laboratory office building with approximately 16-foot ceilings and one drive-in gate plus underground parking.
Property Size33,478 SF
Price / SF$507.80
Days on Market189
Property Features for 229 49th St
General Information
Standard status
Active
Size
33,478 SF
Total Parking Spaces
25
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Building Details
Year Built
2016
Listing Agency:
SAB
(646) 536-2032
Listed By:
Jake Torre · License #10401266011
Source:
Moodyscre
Added: Jan 27
Changed: Jul 28
Last Checked: Aug 4 at 1:44PM
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 SAB
Investment Insights
Based on property information with market context.
This medical laboratory office building was constructed in 2016 and is described as being in pristine condition. The property offers up to 33,478 square feet of usable space with approximately 16-foot ceiling heights throughout. One drive-in gate provides access, and the building includes up to 25 underground parking spaces.
The current usage is a medical laboratory, and the property is positioned in the heart of Sunset Park. Nearby public transportation is noted, supporting convenient access for staff, patients, and visitors.
For buyers evaluating an end-user or investment strategy, this asset presents a purpose-built healthcare setting with generous vertical clearance and controlled access via the drive-in gate, alongside structured underground parking.
The current usage is a medical laboratory, and the property is positioned in the heart of Sunset Park. Nearby public transportation is noted, supporting convenient access for staff, patients, and visitors.
For buyers evaluating an end-user or investment strategy, this asset presents a purpose-built healthcare setting with generous vertical clearance and controlled access via the drive-in gate, alongside structured underground parking.
Key Highlights
- Commercial building constructed in 2016, used as a medical laboratory
- Up to 33,478 SF of usable space with approximately 16‑ft ceiling heights
- One drive‑in gate plus up to 25 underground parking spaces
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 | $1.69M | $50.40 |
| − Vacancy | −$354.3k | −$10.58 |
| EGI | $1.33M | $39.82 |
| − OpEx | −$333.2k | −$9.95 |
| NOI | $999.7k | $29.86 |
33,478 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.28M
$12.50M – $16.66M
NOI $999,720 @ 7.0% cap · market cap 5.88%
Second Best
Healthcare Medical
$9.70M
$8.48M – $11.31M
NOI $678,773 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$21.70M
$18.99M – $25.32M
NOI $1,519,205 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
5,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - 2016-constructed medical laboratory office building with approximately 16-foot ceilings and one drive-in gate plus underground parking.
Where is this medical center located?
The property is located at 229 49th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: Commercial building constructed in 2016, used as a medical laboratory; Up to 33,478 SF of usable space with approximately 16‑ft ceiling heights; One drive‑in gate plus up to 25 underground parking spaces
