Ground-Floor Medical Condominium
2408 OCEAN AVE Brooklyn, NY 11229
For Sale
Contact for pricing
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 Market56
Property Features for 2408 OCEAN AVE
General Information
- Standard status
- Active
- Size
- 2,425 SF
- Property subtype
- Office
Listing Agency:
Commercial Acquisitions
(718) 517-8700
Listed By:
Arsen Atbashyan · License #NY 0000
Source:
Crexi
Added: May 29
Changed: Jul 23
Last Checked: Jul 23 at 1:15AM
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
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 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 | $104.8k | $43.20 |
| − Vacancy | −$24.1k | −$9.94 |
| EGI | $80.7k | $33.26 |
| − OpEx | −$20.2k | −$8.32 |
| NOI | $60.5k | $24.95 |
2,425 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NYU Langone Sleep ...
Medical Clinic
Boris Sagalovich, MD
Physician
Dr. Alan P. ...
Physician
Dr. Lina S. ...
Physician
Similar Off Market Nearby
- Kind Vet — 711 Avenue U, Brooklyn, NY 11223
- South Brooklyn Animal Clinic — 2394 Coney Island Ave, Brooklyn, NY 11223
- Kings Bay Veterinary Group — 2560 Coney Island Ave, Brooklyn, NY 11223
- Sheepshead Bay Veterinary Group — 2806 Avenue U, Brooklyn, NY 11229
- Яков Шейнберг DVM — 2806 Avenue U, Brooklyn, NY 11229
FAQs
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
