Turn-Key Dental Office in
For Sale
$790,000
551 Crescent St, Brooklyn, NY 11208
Spacious dental office with equipment in East New York, Brooklyn.
Property Size900 SF
Days on Market115
Property Features for 551 Crescent St
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,712
Building Details
Building Size
900 SF
Year Built
1923
Listing Agency:
(516) 666-1172
Listed By:
Brandon Nandalall
(516) 666-1172
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 16 at 4:59AM
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 Brandon Nandalall
Investment Insights
Based on property information with market context.
A spacious, turn-key-ready dental office, including all equipment, is available for sale in East New York, Brooklyn, NY 11208. The unit ensures smooth and efficient movement for occupants. Split units provide a comfortable environment year-round. Safety measures ensure security and peace of mind. Situated in a highly connected area, this unit enjoys excellent accessibility with near seamless access to various transportation routes, facilitating easy commuting. The location creates a thriving environment and opens up potential opportunities for collaboration and networking. The bike score is 77, indicating it is very bikeable. The walk score is 71, indicating it is very walkable. The transit score is 100, indicating it is a rider's paradise.
Key Highlights
- Turn‑key‑ready dental office including all equipment.
- Prime location in the heart of East New York, Brooklyn, NY 11208.
- Perfect Transit Score of 100, designated as a 'Rider's Paradise'.
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
$25,701
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
3.25%
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%
$514,020
$514.0K
Cap Rate 7%
$367,157
$367.2K
Cap Rate 9%
$285,567
$285.6K
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
$41.0K $45.60/SF
− Vacancy
−$6.8K −$7.52/SF
EGI
$34.3K $38.08/SF
− OpEx
−$8.6K −$9.52/SF
NOI
$25.7K $28.56/SF
Area
ZIP 11208
Vacancy
16.50%
Lease Rate
$45.60 /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%
$514,020
Cap Rate 7%
$367,157
Cap Rate 9%
$285,567
Alternative Uses
Best Use
Office B
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 3.25%
Second Best
Healthcare Medical
$294.3K
$257.5K – $343.3K
NOI $20,600 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$550.7K
$481.9K – $642.5K
NOI $38,548 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,616
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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?
Medical Office Space - Spacious dental office with equipment in East New York, Brooklyn.
Where is this medical office space located?
The property is located at 551 Crescent St Brooklyn, NY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Turn‑key‑ready dental office including all equipment.; Prime location in the heart of East New York, Brooklyn, NY 11208.; Perfect Transit Score of 100, designated as a 'Rider's Paradise'.
