Medical Office
For Sale
$2,060,000
849 53rd Street #CF5 & CF6, Brooklyn, NY 11220
Third-floor space features a reception area and interior details suited to medical, healthcare-related, or professional office use.
Property Size2,055 SF
Price / SF$1,002
Days on Market32
Property Features for 849 53rd Street #CF5 & CF6
General Information
Standard status
Active
Size
2,055 SF
Elevators
Yes
Property subtype
Commercial
Space & Availability
Floor
3
Condition
Move-in Ready
Additional Details
HOA Fee
$664.74
Taxes and HOA fees
Annual Taxes
$2,277
Building Details
Building Size
2,055 SF
Year Built
2021
Buildings
1
Stories
7
Abandoned
No
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Suping Wang · License #10401304979
(718) 710-3583
Source:
Croninreale
Added: Sep 23
Changed: Oct 23
Last Checked: Oct 23 at 3:13PM
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
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Investment Insights
Based on property information with market context.
This 2,055-square-foot commercial condominium occupies the third floor of a seven-story elevator building in Brooklyn’s Sunset Park. Its layout includes a reception area, with hardwood flooring, insulated glass, recessed lighting, and an additional air conditioner. The space is identified for medical, healthcare-related, and professional office use.
The property is at 849 53rd Street, Unit CF5 & CF6. A 25-year tax abatement is also associated with the condominium.
The property is at 849 53rd Street, Unit CF5 & CF6. A 25-year tax abatement is also associated with the condominium.
Key Highlights
- 2,055 square feet of medical office space
- Third‑floor unit in a seven‑story elevator building
- Reception area, hardwood floors, insulated glass, 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.
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Third-floor space features a reception area and interior details suited to medical, healthcare-related, or professional office use.
Where is this medical office space located?
The property is located at 849 53rd Street #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 feet of medical office space; Third‑floor unit in a seven‑story elevator building; Reception area, hardwood floors, insulated glass, and recessed lighting
