Medical Office Condo with Reception
For Sale
$2,060,000
849 53rd Street CF5 & CF6, New York, NY 11220
A third-floor commercial condominium offers a reception area and an elevator-served setting in a seven-story building.
Property Size2,055 SF
Price / SF$1,002
Days on Market38
Property Features for 849 53rd Street CF5 & CF6
General Information
Standard status
Active
Size
2,055 SF
Elevators
Yes
Property subtype
Office
Space & Availability
Floor
3
Condition
Move-in Ready
Site & Location
Neighborhood
Sunset Park
Additional Details
HOA Fee
$664.74
Building Details
Year Built
2021
Buildings
1
Stories
7
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 23
Changed: Oct 29
Last Checked: Oct 29 at 2:43PM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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. Completed in 2023, the unit includes a reception area, hardwood flooring, recessed lighting, insulated glass, and an additional air conditioner. The space is configured for medical or professional office use.
The property is at 849 53rd Street in Brooklyn’s Sunset Park neighborhood. The building was constructed in 2021.
The property is at 849 53rd Street in Brooklyn’s Sunset Park neighborhood. The building was constructed in 2021.
Key Highlights
- 2,055 square feet on the building’s third floor
- Seven‑story elevator building
- Reception area, 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.
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 - A third-floor commercial condominium offers a reception area and an elevator-served setting in a seven-story building.
Where is this medical office space located?
The property is located at 849 53rd Street CF5 & CF6 New York, 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 on the building’s third floor; Seven‑story elevator building; Reception area, hardwood floors, and recessed lighting
