Elevator Medical Office
For Sale
$518,000
M5-863 50th St, Brooklyn, NY 11232
Second-floor medical office with private rooms, reception, storage, pantry, and two bathrooms in an elevator-served building.
Property Size1,018 SF
Price / SF$508.84
Days on Market60
Property Features for M5-863 50th St
General Information
Standard status
Active
Size
1,018 SF
Elevators
Yes
Additional Details
Floor
2
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,975
Listing Agency:
ProBase Real Estate
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Exprealty
Added: Jul 10
Changed: Sep 6
Last Checked: Sep 6 at 10:09AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This second-floor medical office suite contains 1,018 square feet arranged around an enclosed front desk, three private offices, a storage room, pantry, and two bathrooms. The layout can be adapted from three offices to four, providing flexibility for medical or professional use. Central air conditioning and baseboard heating serve the space.
The property is located in Brooklyn, with access to the N train and B9 and B70 bus lines within minutes. On-site parking is available for lease upon request.
The property is located in Brooklyn, with access to the N train and B9 and B70 bus lines within minutes. On-site parking is available for lease upon request.
Key Highlights
- 1,018 SF second‑floor medical office suite
- Elevator building with central air conditioning and baseboard heating
- Enclosed front desk, three private offices, storage room, and pantry
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
$25,397
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
4.90%
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%
$507,940
$507.9K
Cap Rate 7%
$362,814
$362.8K
Cap Rate 9%
$282,189
$282.2K
Market Conditions
NOI Build-Up for 1,018 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
$44.0K $43.20/SF
− Vacancy
−$10.1K −$9.94/SF
EGI
$33.9K $33.26/SF
− OpEx
−$8.5K −$8.32/SF
NOI
$25.4K $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%
$507,940
Cap Rate 7%
$362,814
Cap Rate 9%
$282,189
Alternative Uses
Best Use
Office B
$362.8K
$317.5K – $423.3K
NOI $25,397 @ 7.0% cap · market cap 4.90%
Second Best
Healthcare Medical
$337.2K
$295.0K – $393.4K
NOI $23,601 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$842.9K
$737.5K – $983.4K
NOI $59,003 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,231
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor medical office with private rooms, reception, storage, pantry, and two bathrooms in an elevator-served building.
Where is this medical office space located?
The property is located at M5-863 50th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: 1,018 SF second‑floor medical office suite; Elevator building with central air conditioning and baseboard heating; Enclosed front desk, three private offices, storage room, and pantry
