Medical Office Condo with Treatment
For Sale
Contact for pricing
336 99th Street, Brooklyn, NY 11220
Professional condominium layout includes reception, waiting, storage, and laundry areas.
Property Size620 SF
Price / SF$322.42
Days on Market55
Property Features for 336 99th Street
General Information
Standard status
Active
Size
620 SF
Property subtype
Office
Zoning
R4-1
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$265.30
Amenities
building signage
storage room
laundry area
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Berns Agency
Listed By:
Adam Weintraub · License #30WE1049540
Source:
Crexi
Added: Jul 9
Changed: Aug 29
Last Checked: Sep 1 at 7:52AM
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 Berns Agency
Investment Insights
Based on property information with market context.
This medical office condominium provides 620 square feet configured for professional practice use. The interior includes three private treatment or consultation rooms, a reception area, a waiting room, a separate storage room, and a dedicated laundry area. Building signage is also available for identification.
The property is positioned between 3rd and 4th Avenues, with access to train and bus transportation, the BQE, and the Verrazzano Bridge. Built in 1983, the condominium carries R4-1 zoning. The layout supports medical, therapeutic, and wellness-oriented operations, with a configuration suitable for an owner-occupant or rental use.
The property is positioned between 3rd and 4th Avenues, with access to train and bus transportation, the BQE, and the Verrazzano Bridge. Built in 1983, the condominium carries R4-1 zoning. The layout supports medical, therapeutic, and wellness-oriented operations, with a configuration suitable for an owner-occupant or rental use.
Key Highlights
- 620‑square‑foot medical office condominium
- Three private treatment or consultation rooms
- Reception and waiting areas for patient‑facing operations
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
$12,571
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
6.29%
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%
$251,420
$251.4K
Cap Rate 7%
$179,586
$179.6K
Cap Rate 9%
$139,678
$139.7K
Market Conditions
NOI Build-Up for 620 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
$23.8K $38.40/SF
− Vacancy
−$2.9K −$4.61/SF
EGI
$21.0K $33.79/SF
− OpEx
−$8.4K −$13.52/SF
NOI
$12.6K $20.28/SF
Area
ZIP 11220
Vacancy
12.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
40.00%
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%
$251,420
Cap Rate 7%
$179,586
Cap Rate 9%
$139,678
Alternative Uses
Best Use
Office B
$264.5K
$231.4K – $308.6K
NOI $18,514 @ 7.0% cap · market cap 9.26%
Second Best
Healthcare Medical
$179.6K
$157.1K – $209.5K
NOI $12,571 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$401.9K
$351.7K – $468.9K
NOI $28,135 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional condominium layout includes reception, waiting, storage, and laundry areas.
Where is this medical office space located?
The property is located at 336 99th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 620‑square‑foot medical office condominium; Three private treatment or consultation rooms; Reception and waiting areas for patient‑facing operations
