Turnkey Medical Office in Sunset
3-829 57th St Brooklyn, NY 11203
For Sale
$850,000
Pending
Equipped medical office space in a high-traffic Brooklyn location.
Property Size1,200 SF
Days on Market137
Property Features for 3-829 57th St
General Information
- Standard status
- Pending
- Size
- 1,200 SF
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Exprealty
Added: Mar 9
Changed: Jul 10
Last Checked: Jul 23 at 9:12AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This is a fully equipped medical office located in Sunset Park. The suite is situated on the 3rd floor of an elevator building and offers approximately 1200 square feet of space. The layout includes a lobby, a secure enclosed front desk area, five private offices, a dedicated storage room, a pantry, and two bathrooms. Central air conditioning and heating provide year-round comfort. The property is positioned along 8th Avenue, offering visibility and foot traffic. Transportation is facilitated by the N train and B9 and B70 bus lines. This property is suitable for medical or professional uses and is ideal for owner-operators or investors.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
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 | $51.8k | $43.20 |
| − Vacancy | −$11.9k | −$9.94 |
| EGI | $39.9k | $33.26 |
| − OpEx | −$10.0k | −$8.32 |
| NOI | $29.9k | $24.95 |
1,200 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 3.52%
Second Best
Healthcare Medical
$397.4K
$347.8K – $463.7K
NOI $27,821 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Greenpoint Vet Service — 917 Albany Ave, Brooklyn, NY 11203
FAQs
What type of property is this?
Medical Office Space - Equipped medical office space in a high-traffic Brooklyn location.
Where is this medical office space located?
The property is located at 3-829 57th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
