Medical Office Condo in Elevator
849 53th Street, Brooklyn, NY 11220
For Sale
New
$1,060,000
Commercial Sale, Brooklyn, NY
Property Size1,079 SF
Price / SF$982.39
Days on Market3
Property Features for 849 53th Street
General Information
Property type
Property subtype
Rooms
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Condition
Medical Specialty
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Flooring type
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Suping Wang · License NY #10401304979
(718) 710-3583
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1073499
Copyright © 2026 OneKey MLS. 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 medical office condominium occupies the sixth floor of a seven-story elevator building completed in 2023. The approximately 1,079-square-foot space contains six rooms and two bathrooms, with a reception area and tile flooring. Central air is also installed.
The layout is described as suitable for medical, healthcare-related, pharmacy, dental, or professional office use. A 25-year tax abatement is noted.
The layout is described as suitable for medical, healthcare-related, pharmacy, dental, or professional office use. A 25-year tax abatement is noted.
Key Highlights
- Approximately 1,079 square feet on the sixth floor
- Six rooms and two bathrooms
- Building completed in 2023 and equipped with an elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,221
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,420
$644.4K
Cap Rate 7%
$460,300
$460.3K
Cap Rate 9%
$358,011
$358.0K
Market Conditions
NOI Build-Up for 1,079 SF
Gross rent
$54.4K $50.40/SF
− Vacancy
−$11.4K −$10.58/SF
EGI
$43.0K $39.82/SF
− OpEx
−$10.7K −$9.95/SF
NOI
$32.2K $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%
$644,420
Cap Rate 7%
$460,300
Cap Rate 9%
$358,011
Alternative Uses
Best Use
Office B
$460.3K
$402.8K – $537.0K
NOI $32,221 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$312.5K
$273.5K – $364.6K
NOI $21,877 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,964 @ 7.0% cap · market cap 4.62%
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
7,809
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
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Six rooms and two bathrooms support a range of medical and professional office configurations.
Where is this medical office space located?
The property is located at 849 53th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Approximately 1,079 square feet on the sixth floor; Six rooms and two bathrooms; Building completed in 2023 and equipped with an elevator
