Ground-Floor Medical
5024 10th Avenue, Brooklyn, NY 11219
For Sale
$525,000
Commercial, Brooklyn, NY
Property Size1,755 SF
Lot Size0.06 Acres
Price / SF$299.15
Days on Market94
Property Features for 5024 10th Avenue
General Information
Property type
Property subtype
Zoning
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Number of units
Building materials
Listing Agency:
Exclusive Properties Realty In
Listed By:
Alevtina Ioffe · License NY #43269
(718) 916-4618
Added: Aug 12
Changed: Oct 10
Last Checked: Nov 13 at 11:06PM
MLS# 503749
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,755-square-foot condominium occupies the ground floor of an elevator building and is configured for medical office or community facility use. Two private entrances provide functional separation for reception, patients, staff, or distinct areas of operation. The property is identified with R6 zoning and offers a substantial commercial footprint for an owner-user or organizational occupant.
The condo is positioned in Borough Park near Maimonides Medical Center, with access to the D subway line at Fort Hamilton Parkway and 50th Street and the B35 bus. The surrounding 13th Avenue corridor includes shopping, dining, pharmacies, professional services, and other daily conveniences. Qualifying community-oriented uses, including childcare, social services, and nonprofit operations, may be possible subject to applicable zoning requirements and approvals.
The condo is positioned in Borough Park near Maimonides Medical Center, with access to the D subway line at Fort Hamilton Parkway and 50th Street and the B35 bus. The surrounding 13th Avenue corridor includes shopping, dining, pharmacies, professional services, and other daily conveniences. Qualifying community-oriented uses, including childcare, social services, and nonprofit operations, may be possible subject to applicable zoning requirements and approvals.
Key Highlights
- 1,755 SF ground‑floor medical or community facility condominium
- Two separate private entrances support distinct access patterns
- Elevator building at 5024 10th Avenue, Brooklyn, NY 11219
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,048
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,960
$961.0K
Cap Rate 7%
$686,400
$686.4K
Cap Rate 9%
$533,867
$533.9K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$82.1K $46.80/SF
− Vacancy
−$18.1K −$10.30/SF
EGI
$64.1K $36.50/SF
− OpEx
−$16.0K −$9.13/SF
NOI
$48.0K $27.38/SF
Area
ZIP 11219
Vacancy
22.00%
Lease Rate
$46.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,960
Cap Rate 7%
$686,400
Cap Rate 9%
$533,867
Alternative Uses
Best Use
Office B
$686.4K
$600.6K – $800.8K
NOI $48,048 @ 7.0% cap · market cap 9.15%
Second Best
Healthcare Medical
$528.5K
$462.5K – $616.6K
NOI $36,998 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.14M
$995.5K – $1.33M
NOI $79,640 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,741
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Brooklyn, NY
Properties on Market for Medical Office Space in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two private entrances provide flexible access for patients, staff, or separate operating areas.
Where is this medical office space located?
The property is located at 5024 10th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,755 SF ground‑floor medical or community facility condominium; Two separate private entrances support distinct access patterns; Elevator building at 5024 10th Avenue, Brooklyn, NY 11219
