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 Market105
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: Oct 9
Last Checked: Oct 21 at 12:07AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$25,397
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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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
