Medical Office
New
For Sale
$2,060,000
849 53rd St CF5 & CF6, Brooklyn, NY 11220
Third-floor space in an elevator-served building includes a reception area and finished interior.
Property Size2,055 SF
Price / SF$1,002
Days on Market4
Property Features for 849 53rd St CF5 & CF6
General Information
Standard status
Active
Size
2,055 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
Third Floor
HOA Fee
$664.74
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,277
Building Details
Building Size
2,055 SF
Year Built
2021
Stories
7
Listing Agency:
Voro LLC
Listed By:
Suping Wang · License #10401304979
(718) 710-3583
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 10:37AM
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 Voro LLC
Investment Insights
Based on property information with market context.
This 2,055-square-foot medical office condominium occupies the third floor of a seven-story elevator building at 849 53rd St CF5 & CF6 in Brooklyn. The layout includes a reception area, with hardwood flooring, recessed lighting, insulated glass, and an additional air conditioner among its improvements.
The property is in Sunset Park. Its walk score is 95, transit score is 89, and bike score is 58.
The property is in Sunset Park. Its walk score is 95, transit score is 89, and bike score is 58.
Key Highlights
- 2,055‑square‑foot medical office condominium
- Third‑floor location in a seven‑story elevator building
- Reception area, hardwood floors, recessed lighting, insulated glass, and an additional air conditioner
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
$61,366
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
2.98%
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%
$1,227,320
$1.2M
Cap Rate 7%
$876,657
$876.7K
Cap Rate 9%
$681,844
$681.8K
Market Conditions
NOI Build-Up for 2,055 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
$103.6K $50.40/SF
− Vacancy
−$21.8K −$10.58/SF
EGI
$81.8K $39.82/SF
− OpEx
−$20.5K −$9.95/SF
NOI
$61.4K $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%
$1,227,320
Cap Rate 7%
$876,657
Cap Rate 9%
$681,844
Alternative Uses
Best Use
Office B
$876.7K
$767.1K – $1.02M
NOI $61,366 @ 7.0% cap · market cap 2.98%
Second Best
Healthcare Medical
$595.2K
$520.8K – $694.4K
NOI $41,666 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,254 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
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 - Third-floor space in an elevator-served building includes a reception area and finished interior.
Where is this medical office space located?
The property is located at 849 53rd St CF5 & CF6 Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,060,000.
What are key features of this property?
This property features: 2,055‑square‑foot medical office condominium; Third‑floor location in a seven‑story elevator building; Reception area, hardwood floors, recessed lighting, insulated glass, and an additional air conditioner
