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    9 Prospect Park Brooklyn, NY 11215

    Sponsored
    For Sale
    $995,000

    Prime Brooklyn Medical Office, $995,000

    Property size:
    1,152 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,152 square foot medical office condo, located at 9 Prospect Park West in Brooklyn, NY 11215, presents a unique owner-user opportunity. Situated in a prestigious full-service, doorman building, this renovated unit boasts a spacious reception area, two bathrooms, and three built-out exam rooms, perfectly suited for a variety of medical uses. Built in 1929 and extensively renovated in 2015, the property offers a blend of classic charm and modern functionality. Its convenient location offers easy access to public transportation (2, 3, B, and Q subway lines) and the North Prospect Park entrance. The unit is part of a 41-unit building and is available for occupancy on September 25, 2024. The asking price is $995,000, translating to $863.72 per square foot. Beyond medical practices, the space is also well-suited for non-profit organizations, clinics, or childcare facilities. This is a rare opportunity to acquire a turnkey medical office in one of New York City's most desirable neighborhoods. The property's versatility and prime location make it an exceptional investment.

    Property Features for 9 Prospect Park

    General Information

    Property type
    Medical offices
    Square Feet
    1,152 SF

    Building Details

    Year Built/Renovated
    1929/2015
    Buildings
    1
    Units
    41

    HighLights

    • Steps from Prospect Park's North Entrance.
    • Suitable for medical, non‑profit, childcare, or similar uses.
    • Convenient access to the 2, 3, B, and Q subway lines.
    • Full‑service, doorman building.
    • Prime Brooklyn location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Portman Gallery Antique Store Ronald Schechter Md Ophthalmologist Aida Bounama M.D. Ophthalmologist Senator Chuck Schumer Federal Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.971331
    Latitude
    40.6718199

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    FAQs

    What type of property is this?
    Medical office - Prime Brooklyn Medical Office, $995,000
    Where is this medical office located?
    The property is located at 9 Prospect Park Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Steps from Prospect Park's North Entrance.; Suitable for medical, non-profit, childcare, or similar uses.; Convenient access to the 2, 3, B, and Q subway lines.
    Request Owner's contact information
    9 Prospect Park Brooklyn, NY 11215
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    Brooklyn, NY 11215
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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
    9 Prospect Park Brooklyn, NY 11215
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