Medical Center Investment
5114 Avenue N Brooklyn, NY 11234
5114 Avenue N, Brooklyn, NY, 11234
Contact for pricing
For Sale
Contact for pricing
Substantial 90' x 140' medical center building with nearby parking lot support for tenants and visitors.
Property Size12,600 SF
Price / SF$285.71
Days on Market22
Property Features for 5114 Avenue N
General Information
- Standard status
- Active
- Size
- 12,600 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1931
Listing agency
5 Boro Realty Corp
(855) 305-3325
Listed by
Nina Sabag
Source
Crexi
Added: Jun 30 Updated: Jul 20 at 7:52PM Checked: Jul 21 at 5:03AM
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 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
5114–5116 Avenue N presents an income-producing healthcare investment opportunity in Brooklyn, NY 11234. The property includes a substantial building measuring 90' x 140', identified as Block 7896, Lot 46.
The offering is reported to generate annual net operating income of $139,664.28, supporting strong, consistent cash flow for an investor. In addition, a nearby parking lot is noted as a convenience for tenants, employees, and visitors.
This is a for-sale medical center/healthcare property positioned for long-term ownership, with the building size and stated operating performance serving as the core investment attributes.
The offering is reported to generate annual net operating income of $139,664.28, supporting strong, consistent cash flow for an investor. In addition, a nearby parking lot is noted as a convenience for tenants, employees, and visitors.
This is a for-sale medical center/healthcare property positioned for long-term ownership, with the building size and stated operating performance serving as the core investment attributes.
Key Highlights
- Income‑producing medical center building built in 1931
- Large 90' x 140' building located on Block 7896, Lot 46
- Annual net operating income of $139,664.28
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $529.2k | $42.00 |
| − Vacancy | −$42.3k | −$3.36 |
| EGI | $486.9k | $38.64 |
| − OpEx | −$194.7k | −$15.46 |
| NOI | $292.1k | $23.18 |
12,600 SF · lease $42.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.17M
$3.65M – $4.87M
NOI $292,118 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.43M
$9.13M – $12.17M
NOI $730,296 @ 7.0% cap · market cap 20.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edible Arrangements
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Substantial 90' x 140' medical center building with nearby parking lot support for tenants and visitors.
Where is this medical center located?
The property is located at 5114 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Income‑producing medical center building built in 1931; Large 90' x 140' building located on Block 7896, Lot 46; Annual net operating income of $139,664.28
