Turnkey Medical Office
For Sale
$1,090,000
849 53rd St CF12, 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$1,010
Days on Market29
Property Features for 849 53rd St CF12
General Information
Standard status
Active
Size
1,079 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,283
Building Details
Building Size
1,079 SF
Year Built
2023
Stories
7
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Josephine Sabatino · License #SL4755
(718) 612-3088
Source:
Elliman
Added: Jul 14
Changed: Aug 10
Last Checked: Aug 10 at 8:04AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 2.96%
Second Best
Healthcare Medical
$312.5K
$273.5K – $364.6K
NOI $21,877 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,964 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 St CF12 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,090,000.
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
