First Floor & Cellar Medical
838 41st Street Brooklyn, NY 11232
COMMERCIAL - Brooklyn, NY
Type:Office
Property size:
3,900 SFLot size:
0.07 AcresPrice / SF:
$461/SF- Added:
- Mar 5, 2024
- Days on Market:
- 857
- Last Refresh:
- Jul 10 at 1:06 pm
Property Features for 838 41st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- R6
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,900 SF
- Lot size
- 0.07 Acres
Building Details
- Number of units
- 2
Listing agent XueFang (Sue) Li (718) 676-2518
Listing office Fang Fang Realty Inc 816 59th St 2nd Fl, Brooklyn, NY (718) 676-2518
Listing date Mar 5, 2024
MLS# 480331
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.
This newly built commercial condo offering is being sold as a package, with two levels included: a first-floor space and a cellar. The first floor is 2,100 square feet, and the cellar space is 1,800 square feet, for a total of 3,900 square feet. The configuration supports a range of service-oriented and community-focused operations where two distinct levels are useful.
Located at 838 41st Street in Brooklyn, the property falls under R6 zoning. Public remarks indicate convenient transit access, with the D train station and B70 bus stop minutes away, along with nearby restaurants, supermarkets, pharmacies, and other neighborhood services.
The space mix is a practical fit for tenants and organizations looking for dedicated indoor areas on both the first floor and below-grade level. Public remarks identify potential uses such as senior centers, home care companies, medical offices, training facilities, and non-profit organizations, as well as children’s play-related programming. This package format may be especially appealing for operators who want the ability to plan operations across two connected levels while remaining in a transit-accessible Brooklyn setting.
Located at 838 41st Street in Brooklyn, the property falls under R6 zoning. Public remarks indicate convenient transit access, with the D train station and B70 bus stop minutes away, along with nearby restaurants, supermarkets, pharmacies, and other neighborhood services.
The space mix is a practical fit for tenants and organizations looking for dedicated indoor areas on both the first floor and below-grade level. Public remarks identify potential uses such as senior centers, home care companies, medical offices, training facilities, and non-profit organizations, as well as children’s play-related programming. This package format may be especially appealing for operators who want the ability to plan operations across two connected levels while remaining in a transit-accessible Brooklyn setting.
Key Highlights
- Prime location in Sunset Park.
- Suitable for a variety of businesses like senior centers and medical offices.
- Convenient transportation: close to D train and B70 bus.
Local 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 | $168.5k | $43.20 |
| − Vacancy | −$38.8k | −$9.94 |
| EGI | $129.7k | $33.26 |
| − OpEx | −$32.4k | −$8.32 |
| NOI | $97.3k | $24.95 |
3,900 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,297 @ 7.0% cap · market cap 5.41%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,418 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,044 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Newly built commercial condos with first floor and cellar spaces, well-suited for medical or community uses.
Where is this medical office space located?
The property is located at 838 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location in Sunset Park.; Suitable for a variety of businesses like senior centers and medical offices.; Convenient transportation: close to D train and B70 bus.
