Second-Floor Medical
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 Market101
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
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
(646) 407-6668
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 18 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,018-square-foot medical office occupies the second floor of an elevator-equipped building constructed in 2004. The interior includes a secured reception area, three private offices, a storage room, pantry, and two bathrooms. Central air conditioning and baseboard heat support year-round use, while tile flooring and brick construction provide durable building finishes. The R6-zoned property is suited to medical or professional office use.
The office is located in Brooklyn, NY, with access to the N train and B9 and B70 bus routes. On-site parking is available for lease upon request. The suite’s existing room arrangement provides a practical foundation for an owner-user or investor seeking an established medical office configuration.
The office is located in Brooklyn, NY, with access to the N train and B9 and B70 bus routes. On-site parking is available for lease upon request. The suite’s existing room arrangement provides a practical foundation for an owner-user or investor seeking an established medical office configuration.
Key Highlights
- 1,018‑square‑foot second‑floor medical office in an elevator building
- Three private offices plus a secured enclosed front desk area
- Two bathrooms, dedicated storage room, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,400
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical or professional operations with private offices, reception, storage, and two restrooms.
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: 1,018‑square‑foot second‑floor medical office in an elevator building; Three private offices plus a secured enclosed front desk area; Two bathrooms, dedicated storage room, and pantry
