Ground-Floor Medical Office
For Sale
Contact for pricing
3901 Nostrand Avenue LL4, Brooklyn, NY 11235
Move-in-ready 900 sq. ft. office co-op with three private offices, multiple work areas, and ADA-accessible restrooms.
Property Size900 SF
Price / SF$350
Days on Market39
Property Features for 3901 Nostrand Avenue LL4
General Information
Standard status
Active
Size
900 SF
Property subtype
Office, Retail, Special Purpose
Building Details
Units
1
Listing Agency:
Exp Realty Bkny
(888) 276-0630
Listed By:
Andrey Kim · License #New York
Source:
Crexi
Added: Jul 9
Changed: Aug 13
Last Checked: Aug 12 at 12:50PM
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 Exp Realty Bkny
Investment Insights
Based on property information with market context.
Located on the ground-floor lobby level, this move-in-ready commercial co-op suite offers a flexible professional layout with three private offices, three open work areas, and soundproof offices. The suite includes dual half bathrooms, including an ADA-accessible restroom, along with centralized A/C and radiator heat. Oversized windows provide natural light, and the space is equipped with multiple sinks. Built-in cabinetry, desks, shelving, filing cabinets, and storage are included, supporting immediate occupancy.
The suite features dual entrances from both the street and the building lobby. Building amenities include a swimming pool, a package room, and storage availability, and parking is available by waitlist.
Monthly maintenance is listed as $1,081, and the included items are heat, water, and real estate taxes.
The suite features dual entrances from both the street and the building lobby. Building amenities include a swimming pool, a package room, and storage availability, and parking is available by waitlist.
Monthly maintenance is listed as $1,081, and the included items are heat, water, and real estate taxes.
Key Highlights
- 900 sq. ft. ground‑floor commercial co‑op on the lobby level in Sheepshead Bay
- Move‑in‑ready layout with 3 private offices, 3 open work areas, and dual entrances from street and building lobby
- 2 half bathrooms, including an ADA‑accessible restroom; soundproof offices for added privacy
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
$22,453
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
7.13%
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%
$449,060
$449.1K
Cap Rate 7%
$320,757
$320.8K
Cap Rate 9%
$249,478
$249.5K
Market Conditions
NOI Build-Up for 900 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
$38.9K $43.20/SF
− Vacancy
−$8.9K −$9.94/SF
EGI
$29.9K $33.26/SF
− OpEx
−$7.5K −$8.32/SF
NOI
$22.5K $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%
$449,060
Cap Rate 7%
$320,757
Cap Rate 9%
$249,478
Alternative Uses
Best Use
Office B
$320.8K
$280.7K – $374.2K
NOI $22,453 @ 7.0% cap · market cap 7.13%
Second Best
Healthcare Medical
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,890
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
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 - Move-in-ready 900 sq. ft. office co-op with three private offices, multiple work areas, and ADA-accessible restrooms.
Where is this medical office space located?
The property is located at 3901 Nostrand Avenue LL4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 900 sq. ft. ground‑floor commercial co‑op on the lobby level in Sheepshead Bay; Move‑in‑ready layout with 3 private offices, 3 open work areas, and dual entrances from street and building lobby; 2 half bathrooms, including an ADA‑accessible restroom; soundproof offices for added privacy
