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    Property profile & analytics

    531 52Nd St Brooklyn, NY 11220

    • Office Properties & Spaces
    • 1,856 SF
    • 0.23 lot acres
    For Sale
    View listing
    $1,949,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0804451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $244,000
      Market price range: $148k - $244k

    Get a detailed, property-specific valuation — fast and free

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,541
    $12,047
    $176,625
    $188,672
    -
    $26,770
    $392,500
    $419,270

    Comparable in this City

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      863 50th St, Unit M6

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    • Value Estimation
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      937 SF

      821 57th St Ste, Unit 2

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      821 57th St Ste, Brooklyn, NY 11220-3699
      View Details
    • Value Estimation
      $275,000
      427 SF

      849 57th St, Unit 603

      OFFICE (GENERAL) • 427 SF
      849 57th St, Brooklyn, NY 11220-3797
      View Details
    • Value Estimation
      $280,000
      567 SF

      849 57th St, Unit 801

      OFFICE (GENERAL) • 567 SF
      849 57th St, Brooklyn, NY 11220-3797
      View Details
    • Value Estimation
      $290,000
      567 SF

      849 57th St, Unit 901

      OFFICE (GENERAL) • 567 SF
      849 57th St, Brooklyn, NY 11220-3797
      View Details
    • Value Estimation
      $305,000
      1,005 SF

      839 58th St, Unit 1

      OFFICE (GENERAL) • 1,005 SF
      839 58th St, Brooklyn, NY 11220-3679
      View Details

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    531 52Nd St
    Brooklyn, NY 11220
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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