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Medical Office Space with Elevators

703 Midwood Street, Brooklyn, NY 11203

For Lease
New
$19,905/Mo

Shell-condition floors offer flexible layouts, high ceilings, and central heating and air conditioning.

Space Size4,343 SF - 13,029 SF
Days on Market5

Property Features for 703 Midwood Street

General Information

Standard status Active
Size 4,343 SF - 13,029 SF
Net Rentable 4,343 SF
Elevators Yes
Property subtype Commercial

Space & Availability

Available Space 4,343-13,029 SF
Contiguous Space 4,343 SF
Space Use Office
Condition Shell
Available From Immediate
Furnished No

Additional Details

Lease Term 240 months

Amenities

Central air

Building Details

Year Built 1945
Stories 4
Units 1
Tenancy Multi
Listing Agency: Brooklyn Heights
Listed By: Margarita Danielova · License NY #10401314548
Source: Corcoran
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 10 at 8:42AM

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 Brooklyn Heights

Rey
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Investment Insights

Based on property information with market context.

Medical office space is available on the second, third, and fourth floors in shell condition. Each floor measures 4,343 square feet, with up to 13,029 square feet available. The building has high ceilings, floor-to-ceiling windows, and central heating and air conditioning. Two elevators serve the property, including one that can accommodate a full ambulance stretcher.

Located in Crown Heights, Brooklyn, the property has windows on two sides at a corner location. The available floors provide flexible layouts for medical, office, educational, or community facility uses, subject to applicable approvals.

Key Highlights

  • Up to 13,029 SF available across the second, third, and fourth floors
  • Each available floor contains 4,343 SF
  • Two elevators, including one sized for a full ambulance stretcher

Property Analytics

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Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,531
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11203, NY

81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Brooklyn, NY

$37.89 /SF/Yr
Avg Asking Price
$7.5–$71.91 /SF/Yr
Price Range
4,544 SF
Avg Space Size

Average Price Trend$/SF/Yr for Medical Office Space in Brooklyn, NY

$38.85 Jul
$38.76 Aug
$36.63 Sep
$36.07 Oct

Properties on Market for Medical Office Space in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Similar Off Market Nearby

  • Greenpoint Vet Service — 917 Albany Ave, Brooklyn, NY 11203

Frequently Asked Questions

What type of property is this?
Medical Office Space - Shell-condition floors offer flexible layouts, high ceilings, and central heating and air conditioning.
Where is this medical office space located?
The property is located at 703 Midwood Street Brooklyn, NY.
What is the lease rate?
The lease rate is $19,905/Mo.
What are key features of this property?
This property features: Up to 13,029 SF available across the second, third, and fourth floors; Each available floor contains 4,343 SF; Two elevators, including one sized for a full ambulance stretcher
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