Turnkey Second-Floor Medical Office
For Sale
$518,000
863 50th Street, Brooklyn, NY 11220
COMMERCIAL - Brooklyn, NY
Property Size1,018 SF
Lot Size0.14 Acres
Price / SF$508.84
Days on Market55
Property Features for 863 50th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6
Subdivision
Sunset Park
Standard status
Active
Size
1,018 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
12975
Amenities
lobby
Building Details
Year built
2004
Floors in Building
6
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Added: Jul 10
Changed: Aug 4
Last Checked: Sep 2 at 5:06AM
MLS# 502928
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 fully equipped, turnkey medical office suite is located on the 2nd floor of an elevator building and is set up for professional use. The space includes a bright lobby, a secure enclosed front desk area, three private offices with the ability to be converted to four offices, a dedicated storage room, a pantry, and two bathrooms. Comfort is supported by central air conditioning and baseboard heating.
The property is positioned along 8th Avenue in Sunset Park. Commuting access is supported by nearby N train service and B9 and B70 bus lines.
Zoned R6, the suite is offered for sale with on-site parking available for lease upon request.
The property is positioned along 8th Avenue in Sunset Park. Commuting access is supported by nearby N train service and B9 and B70 bus lines.
Zoned R6, the suite is offered for sale with on-site parking available for lease upon request.
Key Highlights
- Fully equipped medical/professional office suite on the 2nd floor in an elevator building
- Approx. 1,018 SF layout with bright lobby, secure enclosed front desk, 3 private offices (easy to convert to 4)
- Includes dedicated storage room, pantry, and 2 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
$30,400
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
5.87%
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%
$608,000
$608.0K
Cap Rate 7%
$434,286
$434.3K
Cap Rate 9%
$337,778
$337.8K
Market Conditions
NOI Build-Up for 1,018 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
$51.3K $50.40/SF
− Vacancy
−$10.8K −$10.58/SF
EGI
$40.5K $39.82/SF
− OpEx
−$10.1K −$9.95/SF
NOI
$30.4K $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%
$608,000
Cap Rate 7%
$434,286
Cap Rate 9%
$337,778
Alternative Uses
Best Use
Office B
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$659.9K
$577.5K – $769.9K
NOI $46,196 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped 2nd-floor suite in an elevator building with enclosed reception, private offices, storage, pantry, and two bathrooms.
Where is this medical office space located?
The property is located at 863 50th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: Fully equipped medical/professional office suite on the 2nd floor in an elevator building; Approx. 1,018 SF layout with bright lobby, secure enclosed front desk, 3 private offices (easy to convert to 4); Includes dedicated storage room, pantry, and 2 bathrooms
