Turnkey Medical Office
For Sale
$990,000
849 53rd Street CF-12, Brooklyn, NY 11220
Move-in-ready 6th-floor rear commercial condo with built-out exam rooms, reception, and employee break room.
Property Size1,079 SF
Price / SF$917.52
Days on Market102
Property Features for 849 53rd Street CF-12
General Information
Standard status
Active
Size
1,079 SF
Taxes and HOA fees
Annual Taxes
$1,283
Amenities
Wall/Window Unit(s)
Other
Building Details
Building Size
1,079 SF
Year Built
2023
Stories
7
Listing Agency:
RE Max Edge Group
Listed By:
Josephine Sabatino · License #JS6291
(718) 288-3835
Source:
Evrealestate
Added: Jul 13
Changed: Oct 14
Last Checked: Oct 20 at 8:36PM
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 RE Max Edge Group
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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 commercial condo is located on the 6th floor in the rear of a modern 7-story elevator building completed in 2023. The space is offered turnkey and includes a welcoming reception area, multiple exam or treatment rooms with sinks, two bathrooms, and a dedicated employee lunch or break room. Interior finishes include hardwood floors and recessed lighting, supporting a modern, professional presentation suitable for healthcare use.
Positioned in the heart of Sunset Park, the building is served by an elevator and the unit is part of a condo environment with low common charges that include cold water. The offering also references a 25-year tax abatement, with current annual real estate taxes stated in the remarks. Flexible showings are available, and offers are to include mortgage pre-approval and/or proof of funds.
Positioned in the heart of Sunset Park, the building is served by an elevator and the unit is part of a condo environment with low common charges that include cold water. The offering also references a 25-year tax abatement, with current annual real estate taxes stated in the remarks. Flexible showings are available, and offers are to include mortgage pre-approval and/or proof of funds.
Key Highlights
- 2023‑built commercial condo on the 6th‑floor rear of a modern 7‑story elevator building
- Approx. 1,079 SF with a build‑out designed for a medical or healthcare‑related business
- Layout includes reception area, multiple exam/treatment rooms with sinks, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,221
Cap Rate
3.25%
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 3.25%
Second Best
Healthcare Medical
$312.5K
$273.5K – $364.6K
NOI $21,877 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,964 @ 7.0% cap · market cap 4.95%
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
7,809
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready 6th-floor rear commercial condo with built-out exam rooms, reception, and employee break room.
Where is this medical office space located?
The property is located at 849 53rd Street CF-12 Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 2023‑built commercial condo on the 6th‑floor rear of a modern 7‑story elevator building; Approx. 1,079 SF with a build‑out designed for a medical or healthcare‑related business; Layout includes reception area, multiple exam/treatment rooms with sinks, and two bathrooms
