Medical Office
For Sale
$1,599,000
2955 Brighton 7th Street, Brooklyn, NY 11235
COMMERCIAL - Brooklyn, NY
Property Size3,800 SF
Lot Size0.01 Acres
Price / SF$420.79
Days on Market1151
Property Features for 2955 Brighton 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Basement
Full
Subdivision
Brighton Beach
Standard status
Active
Size
3,800 SF
Lot size
0.01 Acres
Building Details
Building materials
Brick
Roof type
Flat
Listing Agency:
Diamond Real Inc
(855) 774-1040
Listed By:
Maryana Savkiv · License #MS2268
(855) 774-1040
Added: Jun 23, 2023
Changed: Aug 4
Last Checked: Aug 16 at 4:06PM
MLS# 475023
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,800-square-foot medical office property consists of two condominium units combined into one offering. The layout includes a 1,500-square-foot office and a 2,300-square-foot office, with 10 rooms positioned above street level. Each unit has its own entrance and front desk, while the combined property includes three bathrooms.
The property is located at 2955 Brighton 7th Street in Brooklyn, NY 11235. Building construction is brick with a flat roof, and the property carries R6 zoning. The separate access points and existing medical-office configuration provide a clearly divided layout within the combined 3,800-square-foot space.
The property is located at 2955 Brighton 7th Street in Brooklyn, NY 11235. Building construction is brick with a flat roof, and the property carries R6 zoning. The separate access points and existing medical-office configuration provide a clearly divided layout within the combined 3,800-square-foot space.
Key Highlights
- 3,800 square feet configured as two combined medical condominium units
- Includes 1,500‑square‑foot and 2,300‑square‑foot medical offices
- Two separate entrances and two front desks
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
Lease Details
2
Office units
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
- Dr. Jeffrey Z Stein — 126 Brighton 11th St, Brooklyn, NY 11235
- 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 - Two separately accessed medical office units offer multiple rooms, reception areas, and bathroom facilities above street level.
Where is this medical office space located?
The property is located at 2955 Brighton 7th Street 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: 3,800 square feet configured as two combined medical condominium units; Includes 1,500‑square‑foot and 2,300‑square‑foot medical offices; Two separate entrances and two front desks
