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    983 12Th St Brooklyn, NY 11230

    Sponsored
    For Sale
    $550,000

    1,800 SF Office, Prime Location

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,800 square foot commercial office space is available for purchase at $550,000. Located at 983 East 12th Street in the vibrant Midwood neighborhood of Brooklyn, New York (zip code 11230), this property presents a unique investment opportunity. Situated in the basement of a condo building, the space boasts convenient street access via both stairs and an elevator. The interior features five separate rooms, a dedicated waiting area, and two bathrooms. Recent renovations include new flooring and the installation of individual split AC/heating units in each room, ensuring optimal climate control. High ceilings, ranging from 11 to 15 feet, add to the spacious feel. The property sits on a 2,700 square foot lot. Currently, the space generates a monthly income of $300, and benefits from an active tax abatement. Its ideal location in a busy area with ample shops and convenient transportation makes it perfect for a variety of uses, including medical offices, rehabilitation centers, billing services, or educational facilities. This turnkey property is ready for immediate occupancy.

    Property Features for 983 12Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,800 SF

    Building Details

    Units
    1

    HighLights

    • 1,800 SF commercial office space for sale at $550,000.
    • Located at 983 East 12th Street, Brooklyn, NY 11230 (Midwood).
    • Basement space with street access via stairs and elevator.
    • Features five rooms, waiting area, two bathrooms, new flooring, and individual HVAC units.
    • High ceilings (11‑15 ft), 2,700 SF lot, current monthly income $300, active tax abatement.
    Property Profile Location Intelligence

    Current Use by Public Records

    FM Family Care Family Practice Physician Marland Kaplan Nurse Practitioner FM Family Care: ... Family Practice Physician Inspire Health Medical Spa

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9639251
    Latitude
    40.6253106

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    FAQs

    What type of property is this?
    Office Property / Space - 1,800 SF Office, Prime Location
    Where is this office property / space located?
    The property is located at 983 12Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 1,800 SF commercial office space for sale at $550,000.; Located at 983 East 12th Street, Brooklyn, NY 11230 (Midwood).; Basement space with street access via stairs and elevator.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    983 12Th St Brooklyn, NY 11230
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