Medical Co-op in Landmark
20 Plaza St E Brooklyn, NY 11238
For Sale
Contact for pricing
2050SF medical space in prime Brooklyn location.
Property Size2,050 SF
Price / SF$609.76
Days on Market1177
Property Features for 20 Plaza St E
General Information
- Standard status
- Active
- Size
- 2,050 SF
- Property subtype
- Office
Listing Agency:
The Corcoran Group Brooklyn
Listed By:
Christopher Cavorti The Forray Team · License #NY
Source:
Crexi
Added: May 5, 2023
Changed: Jul 6
Last Checked: Jul 23 at 1:37PM
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 The Corcoran Group Brooklyn
Investment Insights
Based on property information with market context.
An ultra-rare opportunity exists to purchase a medical co-op in the prestigious building at 20 Plaza St E, known for its landmark architecture. Unit #A15, configured as a medical space, is ideally suited for any medical group or solo practice. The 2050 square foot space includes HVAC, a waiting area, reception, a full kitchenette, storage/closets, and multiple treatment and consult rooms. Currently, the office is configured with 6 treatment rooms and 3 consult rooms with plumbing, but it can easily be expanded to 8 treatment rooms. The corner unit benefits from an abundance of natural light and a private entrance. The space is adaptable to any medical specialty, such as primary care, dentistry, physical therapy, chiropractic, therapy/counseling, dermatology, optometry, podiatry, and pediatrics. This maisonette has entrances both in the front, nestled within the professionally landscaped garden, and through the elegant, attended Art Deco lobby. The property is located across from Grand Army Plaza and historic Prospect Park, and within walking distance of the Brooklyn Museum, Botanic Garden, and Library. The 2/3 and B/Q trains provide convenient access to Downtown Brooklyn and Manhattan. The location is also near cafes, shops, and restaurants.
Key Highlights
- Prime location across from Grand Army Plaza and Prospect Park, near cultural attractions and transportation (2/3, B/Q trains).
- 2050SF medical co‑op configured with 6 treatment & 3 consult rooms (expandable to 8), reception, waiting area, kitchenette, and storage.
- Move‑in ready condition, suitable for various medical specialties (Primary Care, Dentist, Physical Therapy, etc.).
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 | $88.6k | $43.20 |
| − Vacancy | −$20.4k | −$9.94 |
| EGI | $68.2k | $33.26 |
| − OpEx | −$17.0k | −$8.32 |
| NOI | $51.1k | $24.95 |
2,050 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$730.6K
$639.3K – $852.4K
NOI $51,143 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$679.0K
$594.1K – $792.1K
NOI $47,527 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr . unterricht
Physician
Dr. Erica D. ...
Physician
D'Alto Michael MD
Ophthalmologist
Unterricht Sam L ...
Ophthalmologist
Frank Aronica Park ...
Physician
Similar Off Market Nearby
- Prospect Park Animal Clinic — 105 Prospect Park W, Brooklyn, NY 11215
- Dr. Monica Sweeney — 263 7th Ave, Brooklyn, NY 11215, United States
- uVet — 385 7th Ave, Brooklyn, NY 11215
- Animal Kind Veterinary Hospital — 365 7th Ave, Brooklyn, NY 11215
- Dr. Richard Greene DVM DACVS — 365 7th Ave, Brooklyn, NY 11215
FAQs
What type of property is this?
Medical Office Space - 2050SF medical space in prime Brooklyn location.
Where is this medical office space located?
The property is located at 20 Plaza St E Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location across from Grand Army Plaza and Prospect Park, near cultural attractions and transportation (2/3, B/Q trains).; **2050SF medical co‑op configured with 6 treatment & 3 consult rooms (expandable to 8), reception, waiting area, kitchenette, and storage.**; Move‑in ready condition, suitable for various medical specialties (Primary Care, Dentist, Physical Therapy, etc.).
