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Sunset Park Medical Office Space

863 50th Street M5 Brooklyn, NY 11220

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Well-maintained medical office in Sunset Park, modern elevator building.

Type:Office
Property size:
1,018 SF
Price / SF:
$509/SF
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jun 20 at 10:45 pm

Property Features for 863 50th Street M5

General Information

Standard status
Active
Size
1,018 SF
Property subtype
Office

Building Details

Year Built
2004

Listing office REMAX EDGE

Listing date May 14, 2026

Source Crexi

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 REMAX EDGE


Investment Insights

Based on property information with market context.

Located in the heart of Sunset Park, this well-maintained medical office space is available for sale. Situated on the 2nd floor of a modern elevator building constructed in 2004, the unit encompasses approximately 1,018 square feet. For the past 16 years, it has been operated as a pediatric office. The layout features a bright waiting/reception area, an enclosed front desk, three exam/office rooms, a storage room, a pantry, and two bathrooms, including one handicap-accessible bathroom. The property is equipped with central air conditioning and baseboard heating. On-site parking is available for rent at $300 per month. The monthly HOA fee is $573.78, which includes heat and water. The annual property tax is $10,679. The property is conveniently located near transportation, shopping, and other neighborhood amenities.

Key Highlights

  • Well‑maintained medical office space suitable for immediate use.
  • Established pediatric office location for 16 years.
  • Modern elevator building constructed in 2004.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $51.3k $50.40
− Vacancy −$10.8k −$10.58
EGI $40.5k $39.82
− OpEx −$10.1k −$9.95
NOI $30.4k $29.86
1,018 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$434.3K
$380.0K – $506.7K (±1% cap)
NOI $30,400 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$294.9K
$258.0K – $344.0K (±1% cap)
NOI $20,640 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$659.9K
$577.5K – $769.9K (±1% cap)
NOI $46,196 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Oriental K Inc Medical Clinic Jinpeng Peng Md Pediatrician Dr. Agnes So, ... Pediatrician Dr. Yixiu Zheng, ... Physician Dr. Jennifer Cheng Pediatrician

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Acupuncture Pet Grooming Service Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Medical Office Space - Well-maintained medical office in Sunset Park, modern elevator building.
Where is this medical office space located?
The property is located at 863 50th Street M5 Brooklyn, NY.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Well‑maintained medical office space suitable for immediate use.; Established pediatric office location for 16 years.; Modern elevator building constructed in 2004.
Contact an agent
(718) 612-3088 Call to check price and availability
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