Medical Office Condo with Two
For Sale
$599,000
664 51st Street B B, Brooklyn, NY 11220
Vacant commercial unit offers a practical layout, private restrooms, and rear natural light.
Property Size1,000 SF
Price / SF$599
Days on Market101
Property Features for 664 51st Street B B
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
HOA Fee
$350
Public Transit
Yes
Building Details
Year Built
2019
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Xiaodan (Ivy) Xu
(718) 680-2776
Source:
Prideestates
Added: Jul 14
Changed: Oct 20
Last Checked: Oct 20 at 8:26PM
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 E House Realty & Mgt. Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office condominium contains 1,000 square feet within a 20-by-60-foot configuration. Constructed in 2019, the unit includes two private bathrooms and a rear window that brings natural light into the space. The property will be delivered vacant and is identified for potential use as a medical clinic, professional office, or community facility.
The unit is located at 664 51st Street B in Brooklyn’s Sunset Park area, near NYU Langone Hospital—Brooklyn and Sunset Terrace Family Health Center. The N and R subway lines are nearby, providing public transportation access for staff, patients, clients, and visitors.
The unit is located at 664 51st Street B in Brooklyn’s Sunset Park area, near NYU Langone Hospital—Brooklyn and Sunset Terrace Family Health Center. The N and R subway lines are nearby, providing public transportation access for staff, patients, clients, and visitors.
Key Highlights
- 1,000‑square‑foot medical office condominium built in 2019
- 20x60 layout with two private bathrooms
- Rear window provides natural light
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant commercial unit offers a practical layout, private restrooms, and rear natural light.
Where is this medical office space located?
The property is located at 664 51st Street B B 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; 20x60 layout with two private bathrooms; Rear window provides natural light
