Two-Level Medical Office
For Sale
$899,000
279 Sumpter Street #CFU, Brooklyn, NY 11233
A Community Facility Unit in Ocean Hill carries a 25-year tax abatement.
Property Size3,201 SF
Price / SF$280.85
Days on Market177
Property Features for 279 Sumpter Street #CFU
General Information
Standard status
Active
Size
3,201 SF
Property subtype
Commercial
Additional Details
Office Units
1
Property Use
Community Facility
Taxes and HOA fees
Annual Taxes
$11,922
Building Details
Building Size
3,201 SF
Year Built
2020
Stories
5
Construction
brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Ge Cai
(646) 644-3828
Source:
Clairedleone
Added: May 8
Changed: Oct 29
Last Checked: Oct 29 at 8:27PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This two-level Community Facility Unit includes 786 SF on the first floor and 2,415 SF on the lower level, for 3,201 SF total. The property was built in 2020 and has a brick exterior. Its Use Group 3 & 4 designation supports healthcare, early childhood education, and nonprofit uses.
Located on Sumpter Street in Brooklyn’s Ocean Hill neighborhood, the unit has a 25-year tax abatement. The upper level can accommodate reception, consultation, or administrative functions, while the lower level offers open space that can be partitioned for additional rooms or other facility needs.
Located on Sumpter Street in Brooklyn’s Ocean Hill neighborhood, the unit has a 25-year tax abatement. The upper level can accommodate reception, consultation, or administrative functions, while the lower level offers open space that can be partitioned for additional rooms or other facility needs.
Key Highlights
- 3,201 SF across two levels: 786 SF on the first floor and 2,415 SF on the lower level
- Use Group 3 & 4 designation
- 25‑year tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,859
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,180
$1.6M
Cap Rate 7%
$1,140,843
$1.1M
Cap Rate 9%
$887,322
$887.3K
Market Conditions
NOI Build-Up for 3,201 SF
Gross rent
$138.3K $43.20/SF
− Vacancy
−$31.8K −$9.94/SF
EGI
$106.5K $33.26/SF
− OpEx
−$26.6K −$8.32/SF
NOI
$79.9K $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%
$1,597,180
Cap Rate 7%
$1,140,843
Cap Rate 9%
$887,322
Alternative Uses
Best Use
Office B
$1.14M
$998.2K – $1.33M
NOI $79,859 @ 7.0% cap · market cap 8.88%
Second Best
Healthcare Medical
$1.06M
$927.7K – $1.24M
NOI $74,212 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,530 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Victoria Vet Clinic — 1230 Putnam Ave, Brooklyn, NY 11221
Frequently Asked Questions
What type of property is this?
Medical Office Space - A Community Facility Unit in Ocean Hill carries a 25-year tax abatement.
Where is this medical office space located?
The property is located at 279 Sumpter Street #CFU Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,201 SF across two levels: 786 SF on the first floor and 2,415 SF on the lower level; Use Group 3 & 4 designation; 25‑year tax abatement
