Medical Office with Exam
New
For Sale
$549,000
3101 Ocean Parkway, Brooklyn, NY 11235
Commercial, Brooklyn, NY
Property Size1,800 SF
Lot Size0.00 Acres
Price / SF$305
Days on Market1
Property Features for 3101 Ocean Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7-1
Parking features
Garage - Attached
Subdivision
Brighton Beach
Standard status
Active
Size
1,800 SF
Lot size
0.00 Acres
Amenities
front desk
waiting area
six examination rooms
two consultation rooms
kitchen
file room
medication room
Building Details
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Anzhela (Angela) Staraya · License #10301205577
(917) 596-3339
Added: Sep 19
Last Checked: Sep 19 at 8:06PM
MLS# 504716
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.
Medical office space spanning Units D1, E1, and F1 at 3101 Ocean Parkway. The approximately 1,800-square-foot layout includes a reception and waiting area, six examination rooms, two consultation rooms, two bathrooms, a kitchen, file room, and medication room. Brick construction, a flat roof, and attached garage parking are also reported. The property is zoned R7-1.
Set in Brighton Beach, the office is near the ocean and boardwalk and surrounded by residential buildings, neighborhood shops, restaurants, and everyday services. Nearby bus routes and B and Q subway service provide transportation access for patients and staff. The layout supports distinct areas for clinical care, private consultations, office functions, and storage.
Set in Brighton Beach, the office is near the ocean and boardwalk and surrounded by residential buildings, neighborhood shops, restaurants, and everyday services. Nearby bus routes and B and Q subway service provide transportation access for patients and staff. The layout supports distinct areas for clinical care, private consultations, office functions, and storage.
Key Highlights
- Approximately 1,800 square feet of medical office space
- Six examination rooms and two consultation rooms
- Reception and waiting area with front desk
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
$44,906
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
8.18%
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%
$898,120
$898.1K
Cap Rate 7%
$641,514
$641.5K
Cap Rate 9%
$498,956
$499.0K
Market Conditions
NOI Build-Up for 1,800 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
$77.8K $43.20/SF
− Vacancy
−$17.9K −$9.94/SF
EGI
$59.9K $33.26/SF
− OpEx
−$15.0K −$8.32/SF
NOI
$44.9K $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 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%
$898,120
Cap Rate 7%
$641,514
Cap Rate 9%
$498,956
Alternative Uses
Best Use
Office B
$641.5K
$561.3K – $748.4K
NOI $44,906 @ 7.0% cap · market cap 8.18%
Second Best
Healthcare Medical
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 7.60%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
3,167
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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- Brighton 11th Pharmacy INC. — 124 Brighton 11th St, Brooklyn, NY 11235
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care, consultations, administration, and medical storage in a dedicated office setting.
Where is this medical office space located?
The property is located at 3101 Ocean Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 1,800 square feet of medical office space; Six examination rooms and two consultation rooms; Reception and waiting area with front desk
