Ground-Floor Medical Condominium
For Sale
Contact for pricing
2408 OCEAN AVE, Brooklyn, NY 11229
Ground-floor medical condo with a complete built-out interior and built-in furniture, plus two dedicated parking spaces.
Property Size2,425 SF
Price / SF$824.33
Days on Market147
Property Features for 2408 OCEAN AVE
General Information
Standard status
Active
Size
2,425 SF
Property subtype
Office
Zoning
R6A
Occupancy
60%
Building Details
Stories
6
Units
24
Tenancy
Multi
Listing Agency:
Commercial Acquisitions
Listed By:
Arsen Atbashyan · License #NY 0000
(917) 939-3760
Source:
Crexi
Added: May 29
Changed: Oct 17
Last Checked: Oct 20 at 7:33PM
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 Commercial Acquisitions
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.
This ground-floor medical condominium suite offers a fully built-out interior with built-in furniture, designed for an efficient move-in and transition. The space is positioned to provide street-level accessibility and visibility for a healthcare-focused operation.
The property is located on Ocean Avenue in Brooklyn’s established medical corridor, with strong exposure to both pedestrian and vehicular traffic. It also includes two dedicated parking spaces, a practical amenity in a dense commercial area, and is described as accessible via nearby public transportation.
Overall, the unit presents a turnkey, ground-floor configuration suited to medical use, with parking and street presence supporting day-to-day patient and staff access.
The property is located on Ocean Avenue in Brooklyn’s established medical corridor, with strong exposure to both pedestrian and vehicular traffic. It also includes two dedicated parking spaces, a practical amenity in a dense commercial area, and is described as accessible via nearby public transportation.
Overall, the unit presents a turnkey, ground-floor configuration suited to medical use, with parking and street presence supporting day-to-day patient and staff access.
Key Highlights
- Ground‑floor medical condominium at 2408 Ocean Avenue, Brooklyn, NY 11229
- Fully built‑out medical interior with built‑in furniture for an efficient move‑in
- Two dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,499
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,980
$1.2M
Cap Rate 7%
$864,271
$864.3K
Cap Rate 9%
$672,211
$672.2K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$104.8K $43.20/SF
− Vacancy
−$24.1K −$9.94/SF
EGI
$80.7K $33.26/SF
− OpEx
−$20.2K −$8.32/SF
NOI
$60.5K $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%
$1,209,980
Cap Rate 7%
$864,271
Cap Rate 9%
$672,211
Alternative Uses
Best Use
Office B
$864.3K
$756.2K – $1.01M
NOI $60,499 @ 7.0% cap · market cap 3.03%
Second Best
Healthcare Medical
$803.2K
$702.8K – $937.0K
NOI $56,221 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,553 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,628
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
- Kings Bay Veterinary Group — 2560 Coney Island Ave, Brooklyn, NY 11223
- 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor medical condo with a complete built-out interior and built-in furniture, plus two dedicated parking spaces.
Where is this medical office space located?
The property is located at 2408 OCEAN AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Ground‑floor medical condominium at 2408 Ocean Avenue, Brooklyn, NY 11229; Fully built‑out medical interior with built‑in furniture for an efficient move‑in; Two dedicated parking spaces
