Medical Office Space with Exam
For Sale
$549,000
D1-3101 Ocean Pkwy, Brooklyn, NY 11218
Configured for patient care, consultations, administration, and storage in a Brooklyn medical office co-op.
Property Size1,800 SF
Price / SF$305
Days on Market9
Property Features for D1-3101 Ocean Pkwy
General Information
Standard status
Active
Size
1,800 SF
Listing Agency:
RE/MAX Edge
Listed By:
Anzhela (Angela) Staraya · License #10301205577
(718) 612-3088
Source:
Exprealty
Added: Sep 19
Changed: Sep 27
Last Checked: Sep 26 at 8:38AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caruso Jill DVM — 290 McDonald Ave, Brooklyn, NY 11218
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- Windsor Terrace Veterinarians — 1252 Prospect Ave, Brooklyn, NY 11218
- 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
