Medical Office Suite with Six Exam
New
For Sale
$549,000
3101 Ocean Pkwy D1, Brooklyn, NY 11235
Configured practice space with patient, consultation, administrative, and storage areas in Brighton Beach.
Property Size1,800 SF
Price / SF$305
Days on Market2
Property Features for 3101 Ocean Pkwy D1
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Financials
Asking Price
$549,999
HOA Fee
$2,161
Additional Details
Public Transit
Yes
Building Details
Building Size
1,800 SF
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Anzhela (Angela) Staraya · License #10301205577
(718) 612-3088
Source:
Elliman
Added: Sep 21
Last Checked: Sep 21 at 2:34PM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This approximately 1,800-square-foot medical office co-op combines a reception and waiting area with six examination rooms, two consultation rooms, and two bathrooms. The layout also includes a kitchen, file room, and medication room, creating separate areas for clinical care, consultations, office functions, and storage. Units D1, E1, and F1 are located at 3101 Ocean Pkwy in Brooklyn.
The property is situated in Brighton Beach near the ocean and boardwalk, with residential buildings, neighborhood shops, restaurants, and daily conveniences in the surrounding area. Bus service and B and Q subway access serve the location. The property records a Walk Score of 92, Transit Score of 100, and Bike Score of 72.
The property is situated in Brighton Beach near the ocean and boardwalk, with residential buildings, neighborhood shops, restaurants, and daily conveniences in the surrounding area. Bus service and B and Q subway access serve the location. The property records a Walk Score of 92, Transit Score of 100, and Bike Score of 72.
Key Highlights
- Approximately 1,800 square feet of medical office space
- Six examination rooms and two consultation rooms
- Reception and waiting area with dedicated patient‑care layout
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
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured practice space with patient, consultation, administrative, and storage areas in Brighton Beach.
Where is this medical office space located?
The property is located at 3101 Ocean Pkwy D1 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 dedicated patient‑care layout
