Listing Agency: Commercial Acquisitions Realty Services Show Phone

Listed By: Arsen Atbashyan · License #0000 Show Phone

Source: Moodyscre

Added: Jul 8 Changed: Sep 11 Last Checked: Oct 5 at 7:03PM

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Investment Insights

Based on property information with market context.

This ground-floor medical office arrangement combines three merged units into a single, cohesive suite. The space has been used as a medical office for approximately six decades and includes central HVAC and ADA accessibility.

The property is located in a high-traffic area and is close to public transportation. It is surrounded by major businesses.

Buyers can consider this as an established medical office layout with existing medical-office history, supported by central HVAC and ADA access throughout the ground-floor configuration.

Key Highlights

• Ground‑floor medical office with 3 merged units
• Central HVAC
• ADA accessible

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,208

Cap Rate

7.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$884,160 $884.2K

Cap Rate 7%

$631,543 $631.5K

Cap Rate 9%

$491,200 $491.2K

Market Conditions

NOI Build-Up for 1,772 SF

Gross rent

$76.6K $43.20/SF

− Vacancy

−$17.6K −$9.94/SF

EGI

$58.9K $33.26/SF

− OpEx

−$14.7K −$8.32/SF

NOI

$44.2K $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%

$884,160

Cap Rate 7%

$631,543

Cap Rate 9%

$491,200

Alternative Uses

Best Use

Office B

$631.5K

$552.6K – $736.8K (±1% cap)

NOI $44,208 @ 7.0% cap · market cap 7.38%

Second Best

Healthcare Medical

$586.9K

$513.5K – $684.7K (±1% cap)

NOI $41,082 @ 7.0% cap · market cap 6.86%

Theoretical Best

Specialty Retail

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,705 @ 7.0% cap · market cap 17.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Stress Relief and Memory ... Training Center Dr. Yevgeniya Rabovetskaya, ... Physician Advanced Practice Of Medicine Physician Kats Irina Medical Clinic Kovalevskiy Mark MD Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Building Supply Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Ground-floor medical office with three merged units, central HVAC, and ADA accessibility in a high-traffic area.

Where is this medical office space located?

The property is located at 3101 Ocean Pkwy Brooklyn, NY.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Ground‑floor medical office with 3 merged units; Central HVAC; ADA accessible