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Medical Office Condominium
For Sale
Contact for pricing
Pending

729 40th Street C, Brooklyn, NY 11232

Recently built condominium space with medical office use potential, one parking space, and a remaining tax abatement.

Property SizeContact for details
Days on Market150

Property Features for 729 40th Street C

General Information

Standard status Pending
Total Parking Spaces 1
Property subtype Retail

Additional Details

HOA Fee $204
Listing Agency: Real Broker Top Properties Team
Listed By: Franklin Shan · License #New York
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Sep 7 at 11:44AM

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 Real Broker Top Properties Team

Investment Insights

Based on property information with market context.

This recently built condominium property is identified for small medical office use and includes one parking space. A tax abatement remains in effect for 2 years, adding a defined period of tax relief for the ownership.

Key Highlights

  • Recently built condominium property
  • Identified for small medical office use
  • 2 years of tax abatement remaining

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home 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.

Location Intelligence

Trade Area within ½ mile

4,864
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11232, NY

30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Recently built condominium space with medical office use potential, one parking space, and a remaining tax abatement.
Where is this medical office space located?
The property is located at 729 40th Street C Brooklyn, NY.
What are key features of this property?
This property features: Recently built condominium property; Identified for small medical office use; 2 years of tax abatement remaining
More about this property
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