Medical Office
664 51st Street, Brooklyn, NY 11220
For Sale
New
$599,000
Commercial, Brooklyn, NY
Property Size1,000 SF
Lot Size0.05 Acres
Price / SF$599
Days on Market4
Property Features for 664 51st Street
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Additional Details
Condition
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Building materials
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Xiaodan (Ivy) Xu
(718) 680-2776
Added: Nov 6
Last Checked: Nov 9 at 11:06AM
MLS# 505886
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.
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Investment Insights
Based on property information with market context.
This 1,000-square-foot medical office condominium at 664 51st Street was built in 2019. The unit has two private bathrooms and a rear window. It will be delivered vacant and is zoned R6B.
The property is near NYU Langone Hospital-Brooklyn and Sunset Terrace Family Health Center. N and R subway service is nearby.
The property is near NYU Langone Hospital-Brooklyn and Sunset Terrace Family Health Center. N and R subway service is nearby.
Key Highlights
- 1,000‑square‑foot medical office condominium
- Built in 2019
- Two private bathrooms and a rear window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,862
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,240
$597.2K
Cap Rate 7%
$426,600
$426.6K
Cap Rate 9%
$331,800
$331.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$50.4K $50.40/SF
− Vacancy
−$10.6K −$10.58/SF
EGI
$39.8K $39.82/SF
− OpEx
−$10.0K −$9.95/SF
NOI
$29.9K $29.86/SF
Area
ZIP 11220
Vacancy
21.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,240
Cap Rate 7%
$426,600
Cap Rate 9%
$331,800
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Market
Average Price Trend$/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 - A vacant, 2019-built unit includes two private bathrooms and a rear window.
Where is this medical office space 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‑square‑foot medical office condominium; Built in 2019; Two private bathrooms and a rear window
