Medical Office Space with Exam
D1-3101 Ocean Pkwy, Brooklyn, NY 11218
For Sale
$549,000
Configured for patient care, consultations, administration, and storage in a Brooklyn medical office co-op.
Property Size1,800 SF
Price / SF$305
Days on Market57
Property Features for D1-3101 Ocean Pkwy
General Information
Standard status
Size
Listing Agency:
RE/MAX Edge
Listed By:
Anzhela (Angela) Staraya · License NY #10301205577
(718) 612-3088
Source:
Exprealty
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 12 at 1:28PM
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 RE/MAX Edge
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Investment Insights
Based on property information with market context.
This approximately 1,800-square-foot medical office co-op at D1-3101 Ocean Pkwy includes a reception and waiting area, six examination rooms, two consultation rooms, two bathrooms, a kitchen, file room, and medication room. The arrangement separates patient services from consultation, administrative, and storage functions.
The property is in Brighton Beach near the ocean and boardwalk, with residential buildings, neighborhood shops, restaurants, and daily conveniences nearby. Bus routes and B and Q subway service provide transportation options for patients and staff. The sale includes Units D1, E1, and F1.
The property is in Brighton Beach near the ocean and boardwalk, with residential buildings, neighborhood shops, restaurants, and daily conveniences nearby. Bus routes and B and Q subway service provide transportation options for patients and staff. The sale includes Units D1, E1, and F1.
Key Highlights
- Approximately 1,800 square feet of medical office space
- Six examination rooms and two consultation rooms
- Front desk and waiting area for patient reception
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,906
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,120
$898.1K
Cap Rate 7%
$641,514
$641.5K
Cap Rate 9%
$498,956
$499.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$77.8K $43.20/SF
− Vacancy
−$17.9K −$9.94/SF
EGI
$59.9K $33.26/SF
− OpEx
−$15.0K −$8.32/SF
NOI
$44.9K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,120
Cap Rate 7%
$641,514
Cap Rate 9%
$498,956
Alternative Uses
Best Use
Office B
$641.5K
$561.3K – $748.4K
NOI $44,906 @ 7.0% cap · market cap 8.18%
Second Best
Healthcare Medical
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 7.60%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Brooklyn, NY
Properties on Market for Medical Office Space in Brooklyn
Vacancy Rate% for Office in Northeast region
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- Heart of Brooklyn Veterinary Hospital - Flatbush — 764 Flatbush Ave, Brooklyn, NY 11226
- Louis Mayerson - Heart of Brooklyn Veterinary Hospital - Flatbush — 764 Flatbush Ave, Brooklyn, NY 11226
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care, consultations, administration, and storage in a Brooklyn medical office co-op.
Where is this medical office space located?
The property is located at D1-3101 Ocean Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 1,800 square feet of medical office space; Six examination rooms and two consultation rooms; Front desk and waiting area for patient reception
