531 52Nd St Brooklyn, NY 11220
- Office Properties & Spaces
- 1,856 SF
- 0.23 lot acres
Current Use by Public Records
- Medina Ariel MD / Internist
Property Details for 531 52Nd St
- Lot size
- 0.23 lot acres
- Property size
- 1,856 SF
- Zone code
- R6B
- Property type
- Office Properties & Spaces
- APN
- 00800-1001
- APU
- 8001001
Description
This exceptional medical office condominium, located at 531 52nd Street in the vibrant Sunset Park neighborhood of Brooklyn, New York (zip code 11220), presents a unique investment opportunity. The property boasts a substantial 2,651 square feet of ground floor space, perfectly complemented by a sizable 1,500 square foot backyard. Its prime location near the intersection of 5th Avenue and 50th Street ensures high visibility and accessibility, benefiting from significant foot and vehicular traffic. The space is ADA-approved, making it suitable for a wide range of medical practices, including dental offices, medical labs, and physical therapy clinics. The asking price for this turnkey medical office condo is $1,949,000. This property represents a rare chance to acquire a well-situated, spacious, and adaptable medical office space in a thriving Brooklyn community. The ample square footage, combined with the convenient location and ADA compliance, makes this an ideal investment for medical professionals seeking to establish or expand their practice. The large backyard offers additional potential for expansion or outdoor use. This is a truly exceptional opportunity in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $430,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $460,000
- Mixed-Use
- $455,000
- Hospitality
- $495,000
- Educational
- $530,000
- Residential Income
- $495,000
- Energy
- $410,000
- Income-Based Land
- $545,000
- Food Service
- $520,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0103
- Latitude
- 40.6436
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
