Medical Office Condo with Rear
664 51st Street Brooklyn, NY 11220
For Sale
$599,000
COMMERCIAL - Brooklyn, NY
Property Size1,000 SF
Lot Size0.05 Acres
Price / SF$599
Days on Market93
Property Features for 664 51st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6B
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2864
Building Details
- Year built
- 2019
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Xiaodan (Ivy) Xu
(718) 680-2776
Added: Apr 22
Last Checked: Jul 23 at 7:06PM
MLS# 500762
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.
Investment Insights
Based on property information with market context.
Built in 2019, this commercial condo offers approximately 1,000 square feet of flexible interior space configured in a functional 20x60 layout. The unit includes two private bathrooms and a rear window for natural light. The property is being delivered vacant.
Located in Sunset Park, the space is positioned near major area healthcare and community services, including NYU Langone Hospital-Brooklyn and Sunset Terrace Family Health Center. The listing also notes easy commuting access via nearby N and R subway lines. Zoning is R6B. Common charges are stated as $350 per month.
As a compact, ready-to-occupy medical or professional office option, the layout supports straightforward back-of-house and patient or client-facing use within the existing two-bath configuration.
Located in Sunset Park, the space is positioned near major area healthcare and community services, including NYU Langone Hospital-Brooklyn and Sunset Terrace Family Health Center. The listing also notes easy commuting access via nearby N and R subway lines. Zoning is R6B. Common charges are stated as $350 per month.
As a compact, ready-to-occupy medical or professional office option, the layout supports straightforward back-of-house and patient or client-facing use within the existing two-bath configuration.
Key Highlights
- 1,000 SF commercial condo built in 2019
- 20x60 functional layout with two private bathrooms
- Rear window for natural light
Financial Insights For Office B
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 | $50.4k | $50.40 |
| − Vacancy | −$10.6k | −$10.58 |
| EGI | $39.8k | $39.82 |
| − OpEx | −$10.0k | −$9.95 |
| NOI | $29.9k | $29.86 |
1,000 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$648.3K
$567.2K – $756.3K
NOI $45,379 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Built in 2019 commercial condo with a 20x60 layout, two private bathrooms, and a rear window.
Where is this office units located?
The property is located at 664 51st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,000 SF commercial condo built in 2019; 20x60 functional layout with two private bathrooms; Rear window for natural light
