Mixed-Use Medical & Residential
For Sale
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532 E 78th St, Brooklyn, NY 11236
Brooklyn mixed-use property with medical office, residential units, and parking.
Property Size3,892 SF
Price / SF$411.10
Days on Market166
Property Features for 532 E 78th St
General Information
Standard status
Active
Size
3,892 SF
Total Parking Spaces
2
Property subtype
Multifamily, Office
Zoning
R5B
Building Details
Year Built
1960
Buildings
1
Stories
3
Units
3
Listing Agency:
Empire CSI | Luxary & Commercial
Listed By:
Archie Williamson · License #NY
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 22 at 5:35AM
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 Empire CSI | Luxary & Commercial
Investment Insights
Based on property information with market context.
This Brooklyn property presents a mixed-use investment opportunity, combining medical office potential with residential income and on-site parking. The first floor offers over 1,500 square feet suitable for medical or professional use. The property's combination of features is noted as rare for the market. The total property size is 3,892 square feet.
Key Highlights
- Prime mixed‑use medical & residential investment
- Doctor / dental office + high‑yield residential + parking
- Rare Brooklyn opportunity
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
$141,280
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
8.83%
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%
$2,825,600
$2.8M
Cap Rate 7%
$2,018,286
$2.0M
Cap Rate 9%
$1,569,778
$1.6M
Market Conditions
NOI Build-Up for 3,892 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
$256.9K $66.00/SF
− Vacancy
−$30.8K −$7.92/SF
EGI
$226.0K $58.08/SF
− OpEx
−$84.8K −$21.78/SF
NOI
$141.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,825,600
Cap Rate 7%
$2,018,286
Cap Rate 9%
$1,569,778
Alternative Uses
Best Use
Mixed Use
$2.02M
$1.77M – $2.35M
NOI $141,280 @ 7.0% cap · market cap 8.83%
Second Best
Office B
$1.39M
$1.21M – $1.62M
NOI $97,098 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$3.22M
$2.82M – $3.76M
NOI $225,580 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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?
Mixed-use property - Brooklyn mixed-use property with medical office, residential units, and parking.
Where is this mixed-use property located?
The property is located at 532 E 78th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime mixed‑use medical & residential investment; Doctor / dental office + high‑yield residential + parking; Rare Brooklyn opportunity
