Elevator Medical Office
For Sale
$2,060,000
849 53rd Street, Brooklyn, NY 11220
Commercial Sale, Brooklyn, NY
Property Size2,055 SF
Price / SF$1,002
Days on Market14
Property Features for 849 53rd Street
General Information
Property type
Commercial Sale
Property subtype
Office
Elementary school
Ps 160 William T Sampson
Middle school
Jhs 220 John J Pershing
High school
Franklin Delano Roosevelt High School
Elementary school district
Brooklyn 20
Middle school district
Brooklyn 20
High school district
Brooklyn 20
Directions
To 8th Ave to 53rd St
Standard status
Active
APN
05658-1405
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2277
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Suping Wang · License #10401304979
(718) 710-3583
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 6 at 8:06PM
MLS# 1054216
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.
Investment Insights
Based on property information with market context.
This medical office condominium occupies the third floor of a modern seven-story elevator building at 849 53rd Street in Brooklyn. The approximately 2055-square-foot suite includes a reception area and a completed interior with hardwood flooring, recessed lighting, insulated glass, and an additional air-conditioning unit. Central air, natural-gas heating, public water, and public sewer are also in place.
Located in Sunset Park, the property is configured for medical, healthcare-related, or professional office use. A 25-year tax abatement is associated with the condominium, providing a defined long-term tax benefit for the ownership. The combination of an existing office build-out, elevator access, and established building systems supports immediate occupancy with limited renovation requirements.
Located in Sunset Park, the property is configured for medical, healthcare-related, or professional office use. A 25-year tax abatement is associated with the condominium, providing a defined long-term tax benefit for the ownership. The combination of an existing office build-out, elevator access, and established building systems supports immediate occupancy with limited renovation requirements.
Key Highlights
- Approximately 2055 square feet of medical office space
- Third‑floor commercial condominium in a seven‑story elevator building
- Reception area with hardwood floors and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,366
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
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
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 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
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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
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out condominium office with reception space, upgraded finishes, and central air in a modern elevator building.
Where is this medical office space located?
The property is located at 849 53rd Street 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: Approximately 2055 square feet of medical office space; Third‑floor commercial condominium in a seven‑story elevator building; Reception area with hardwood floors and recessed lighting
