Luxury Medical Condos For
For Sale
$1,599,000
2955 Brighton 7th St, Brooklyn, NY 11235
3800 SF medical condos with two separate entrances.
Property Size3,800 SF
Price / SF$420.79
Days on Market122
Property Features for 2955 Brighton 7th St
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Building Details
Building Size
3,800 SF
Listing Agency:
Diamond Real Inc
(855) 774-1040
Listed By:
Maryana Savkiv · License #MS2268
(855) 774-1040
Source:
Elliman
Added: Apr 24
Changed: Aug 13
Last Checked: Aug 22 at 7:46AM
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 Diamond Real Inc
Investment Insights
Based on property information with market context.
This property features a combined 3800 square feet of luxury medical condos, consisting of a 1500 square foot medical office and a 2300 square foot medical office. The condos have two separate entrances and two front desks. There are a total of 10 rooms above street level, accessible by a 4-step elevator, and three bathrooms. The property is located in an area with a walk score of 94, indicating it is a walker's paradise, a transit score of 97, indicating it is a rider's paradise, and a bike score of 72, indicating it is very bikeable. The property is suitable for investment. There is an existing loan with approximately 9 years remaining, with monthly payments of $8500, which may be transferable to the buyer.
Key Highlights
- Transferable loan with 9 years remaining, $8500 monthly payment (principal only).
- Luxury medical condos totaling 3800 sq ft.**
- Two separate medical offices (1500 sq ft and 2300 sq ft) combined.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,040
$1.9M
Cap Rate 7%
$1,354,314
$1.4M
Cap Rate 9%
$1,053,356
$1.1M
Market Conditions
NOI Build-Up for 3,800 SF
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.
Gross rent
$164.2K $43.20/SF
− Vacancy
−$37.8K −$9.94/SF
EGI
$126.4K $33.26/SF
− OpEx
−$31.6K −$8.32/SF
NOI
$94.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,040
Cap Rate 7%
$1,354,314
Cap Rate 9%
$1,053,356
Alternative Uses
Best Use
Office B
$1.35M
$1.19M – $1.58M
NOI $94,802 @ 7.0% cap · market cap 5.93%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,099 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,130
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vetco Total Care Animal Hospital — 1610 Ave Y, Brooklyn, NY 11235
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- Petco Vaccination Clinic — 1610 Ave Y, Brooklyn, NY 11235
- Brighton 11th Pharmacy INC. — 124 Brighton 11th St, Brooklyn, NY 11235
- Small Friends Veterinary Clinic dr. Olga Korobkova — 360 Neptune Ave, Brooklyn, NY 11235
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3800 SF medical condos with two separate entrances.
Where is this medical office space located?
The property is located at 2955 Brighton 7th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Transferable loan with 9 years remaining, $8500 monthly payment (principal only).; Luxury medical condos totaling 3800 sq ft.**; Two separate medical offices (1500 sq ft and 2300 sq ft) combined.
