New Dyker Heights Commercial
For Sale
Contact for pricing
1302 83rd Street 002, Brooklyn, NY 11228
New 1,300 SF commercial space in Dyker Heights.
Property Size1,300 SF
Price / SF$537.54
Days on Market717
Property Features for 1302 83rd Street 002
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Land
Listing Agency:
REMAX EDGE
Listed By:
Qikang Mei · License #NY 10401207839
(718) 612-3088
Source:
Crexi
Added: Nov 8, 2024
Changed: Oct 26
Last Checked: Oct 24 at 5:35PM
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 REMAX EDGE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new building, constructed in 2024, is situated in the Dyker Heights neighborhood. The 1,300 square-foot space is currently planned for healthcare use, but it can also accommodate an adult care facility, medical office, nursing home, professional office, or after-school tutoring classes. The space can be connected to an adjacent unit, expanding it to 2,300 square feet. Common charges include water. The property benefits from a 25-year tax abatement.
Key Highlights
- Prime Dyker Heights location
- Brand new 2024 construction
- Flexible usage: suitable for healthcare, adult care, medical office, nursing home, professional office, after‑school tutoring, and more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,139
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,780
$602.8K
Cap Rate 7%
$430,557
$430.6K
Cap Rate 9%
$334,878
$334.9K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$54.6K $42.00/SF
− Vacancy
−$4.4K −$3.36/SF
EGI
$50.2K $38.64/SF
− OpEx
−$20.1K −$15.46/SF
NOI
$30.1K $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 Rate 5%
$602,780
Cap Rate 7%
$430,557
Cap Rate 9%
$334,878
Alternative Uses
Best Use
Healthcare Medical
$430.6K
$376.7K – $502.3K
NOI $30,139 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - New 1,300 SF commercial space in Dyker Heights.
Where is this medical center located?
The property is located at 1302 83rd Street 002 Brooklyn, NY.
What is the asking price?
The asking price for this property is $698,800.
What are key features of this property?
This property features: Prime Dyker Heights location; Brand new 2024 construction; Flexible usage: suitable for healthcare, adult care, medical office, nursing home, professional office, after‑school tutoring, and more
