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    401 Rutland Rd Brooklyn, NY 11203

    Sponsored
    For Sale
    $975,000

    Prime Medical Office, 1779 SF, 2 Parking

    Property size:
    1,779 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,779-square-foot medical office condominium unit is ideally situated at 401 Rutland Road in Brooklyn's Prospect Lefferts Gardens, at the base of a newly constructed six-story luxury condominium building designed by Karl Fischer. Boasting a highly visible corner location at the intersection of Rutland Road and New York Avenue, this property offers excellent street exposure. The unit comprises 705 square feet on the ground floor and 1,074 square feet on the lower level, both with permitted occupancy. It features two indoor parking spaces and is directly metered for utilities. The space includes large windows, high ceilings, a bathroom, and a fully sprinklered system. Its prime location places it within blocks of Kings County Hospital Center, Kingsbrook Jewish Medical Center, and NYC Health + Hospitals/McKinney Nursing Home. Just one block from Nostrand Avenue, a bustling commercial corridor with diverse restaurants and shops, and convenient access to the 2 and 5 subway lines, this property also benefits from proximity to Prospect Park and Wingate Park. Real estate taxes are $16,575 annually. The asking price is $975,000, representing $548 per square foot.

    Property Features for 401 Rutland Rd

    General Information

    Property type
    Medical offices
    Square Feet
    1,779 SF

    Building Details

    Stories
    6
    Units
    2

    HighLights

    • High‑visibility corner location with excellent street exposure.
    • Individual utility metering.
    • Abundant natural light from large windows.
    • Fully equipped with a fire sprinkler system.
    • Includes a restroom.
    • Features high ceilings.
    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
    -73.9473211
    Latitude
    40.6597579

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 1779 SF, 2 Parking
    Where is this medical office located?
    The property is located at 401 Rutland Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: High-visibility corner location with excellent street exposure.; Individual utility metering.; Abundant natural light from large windows.
    Request Owner's contact information
    401 Rutland Rd Brooklyn, NY 11203
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    Brooklyn, NY 11203
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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
    401 Rutland Rd Brooklyn, NY 11203
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