Medical Office
For Sale
$2,750,000
9320 Flatlands Ave, Brooklyn, NY 11236
Medical office space with sectioned patient examination rooms and access to multiple transportation options.
Property Size10,300 SF
Price / SF$266.99
Days on Market35
Property Features for 9320 Flatlands Ave
General Information
Standard status
Active
Size
10,300 SF
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Josefina R Nover · License #NOVIE5438
(718) 272-8988
Source:
Exprealty
Added: Jul 7
Changed: Jul 15
Last Checked: Aug 10 at 9:39AM
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 Brooklyn Real Property, Inc
Investment Insights
Based on property information with market context.
This property is a medical facility office buildout equipped with sectioned patients’ examination rooms, designed to support clinical workflow within an office setting.
Conveniently located in the heart of Canarsie, the space is accessible to all transportation options serving the area.
For sale as a healthcare-oriented office property, it offers a dedicated, patient-exam room configuration suited for medical practice operations.
Conveniently located in the heart of Canarsie, the space is accessible to all transportation options serving the area.
For sale as a healthcare-oriented office property, it offers a dedicated, patient-exam room configuration suited for medical practice operations.
Key Highlights
- Medical office space with sectioned patient examination rooms
- Conveniently located in the heart of Canarsie
- Accessible to multiple transportation options
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
$238,795
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
8.68%
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%
$4,775,900
$4.8M
Cap Rate 7%
$3,411,357
$3.4M
Cap Rate 9%
$2,653,278
$2.7M
Market Conditions
NOI Build-Up for 10,300 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
$432.6K $42.00/SF
− Vacancy
−$34.6K −$3.36/SF
EGI
$398.0K $38.64/SF
− OpEx
−$159.2K −$15.46/SF
NOI
$238.8K $23.18/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
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%
$4,775,900
Cap Rate 7%
$3,411,357
Cap Rate 9%
$2,653,278
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $256,964 @ 7.0% cap · market cap 9.34%
Second Best
Healthcare Medical
$3.41M
$2.98M – $3.98M
NOI $238,795 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$8.53M
$7.46M – $9.95M
NOI $596,988 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Medicine & Surgery Clinic — 9518 Avenue L, Brooklyn, NY 11236
- Canarsie Animal Hospital — 8423 Flatlands Ave, Brooklyn, NY 11236
- Alexander Cortes — 9518 Avenue L, Brooklyn, NY 112364811
- Chaikin Ronald DVM — 9518 Avenue L, Brooklyn, NY 11236
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with sectioned patient examination rooms and access to multiple transportation options.
Where is this medical office space located?
The property is located at 9320 Flatlands Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Medical office space with sectioned patient examination rooms; Conveniently located in the heart of Canarsie; Accessible to multiple transportation options
