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    703 Midwood St Brooklyn, NY 11203

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    For Lease
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    Modern Medical Office Space, Brooklyn, NY

    Lot size:
    21,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This stunning, brand-new five-story medical office building, completed in 2024, offers 21,227 square feet of versatile space at 703 Midwood St, Brooklyn, NY 11203, near Troy Ave. The building features five suites, with a minimum divisible space of 3,883 square feet and up to 21,227 square feet of contiguous space available. Currently, the entire 21,227 square feet is vacant. Each floor (excluding the cellar) offers approximately 4,000 square feet of net rentable space, with a gross area of 4,500 square feet. The unique cellar level, at 3,883 square feet, boasts high ceilings, ample windows, a private entrance, and elevator access. Importantly, the elevator is designed to accommodate a full ambulance stretcher, making this space ideal for various medical uses. The building's construction is approximately 45 feet by 100 feet. This property is perfect for a variety of uses including preschools, therapy centers, medical practices, non-profit organizations, and general office space. The building features 13-foot ceilings and is conveniently located in Brooklyn, NY.

    Property Features for 703 Midwood St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,227 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    0 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9374737
    Latitude
    40.6611357

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    FAQs

    What type of property is this?
    Medical office - Modern Medical Office Space, Brooklyn, NY
    Where is this medical office located?
    The property is located at 703 Midwood St Brooklyn, NY.
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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
    703 Midwood St Brooklyn, NY 11203
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