Medical Office Condo with Rear
B-664 51st St Brooklyn, NY 11203
For Sale
$599,000
Versatile 2019-built condo offers an efficient layout, two private bathrooms, and rear window natural light.
Property Size1,000 SF
Price / SF$599
Days on Market93
Property Features for B-664 51st St
General Information
- Standard status
- Active
- Size
- 1,000 SF
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Xiaodan (Ivy) Xu
(718) 680-2776
Source:
Exprealty
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 21 at 10:07PM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
Built in 2019, this 1,000 square foot commercial condo is designed for a flexible professional or healthcare use. The unit features a functional 20x60 layout, two private bathrooms, and a rear window that brings in natural light. The property will be delivered vacant, supporting an owner-user setup or an immediate move-in for a qualified tenant.
Located in the heart of Sunset Park, the condo benefits from a high-density setting with heavy foot traffic. It is positioned minutes from major healthcare anchors, including NYU Langone Hospital—Brooklyn and Sunset Terrace Family Health Center, which can support day-to-day visibility for medical clinics and related professional services. Public transit access is also available nearby via the N and R subway lines.
For medical practices, this layout and bathroom configuration can help accommodate common clinic workflow needs, while the straightforward, efficient footprint also supports professional office or community facility use. With low monthly common charges of $350 and condo ownership, the space offers a practical option for an operator seeking a turnkey commercial unit in a busy neighborhood.
Located in the heart of Sunset Park, the condo benefits from a high-density setting with heavy foot traffic. It is positioned minutes from major healthcare anchors, including NYU Langone Hospital—Brooklyn and Sunset Terrace Family Health Center, which can support day-to-day visibility for medical clinics and related professional services. Public transit access is also available nearby via the N and R subway lines.
For medical practices, this layout and bathroom configuration can help accommodate common clinic workflow needs, while the straightforward, efficient footprint also supports professional office or community facility use. With low monthly common charges of $350 and condo ownership, the space offers a practical option for an operator seeking a turnkey commercial unit in a busy neighborhood.
Key Highlights
- 1,000 SF commercial condo built in 2019 with a versatile floor plan
- 20x60 layout includes two private bathrooms
- Rear window provides natural light
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $43.20 |
| − Vacancy | −$9.9k | −$9.94 |
| EGI | $33.3k | $33.26 |
| − OpEx | −$8.3k | −$8.32 |
| NOI | $24.9k | $24.95 |
1,000 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Greenpoint Vet Service — 917 Albany Ave, Brooklyn, NY 11203
FAQs
What type of property is this?
Medical Office Space - Versatile 2019-built condo offers an efficient layout, two private bathrooms, and rear window natural light.
Where is this medical office space located?
The property is located at B-664 51st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,000 SF commercial condo built in 2019 with a versatile floor plan; 20x60 layout includes two private bathrooms; Rear window provides natural light
