Property profile

949 48th St Brooklyn, NY 11219

OFF-MARKET
Office buildings
Property ID
US63-1562256
2,680 SF 0.06 ac lot Built 1925
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,200-square-foot medical office space is available for lease at 949 48th Street in the vibrant Brooklyn, New York neighborhood, zip code 11219. The property is a single-tenant building, offering complete exclusivity and control to the lessee. The entire 1,200 square feet is currently vacant, providing a blank canvas for a new medical practice or related business to customize the space to their exact specifications. Located at 40.6402895, -73.9989227, this property presents a fantastic opportunity for medical professionals seeking a well-situated and readily available office space. The building's classification as a medical office ensures compliance with relevant regulations and provides a professional environment. The single-tenant occupancy eliminates the complexities of shared spaces and allows for complete operational independence. This turnkey solution offers immediate occupancy, allowing for a swift and efficient transition into a new location. Interested parties are encouraged to inquire promptly to secure this desirable property. The property is categorized as an office building with a medical office subtype. This presents a unique opportunity for a variety of medical practices to establish themselves in a thriving Brooklyn community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1925
Total area 2,680 SF
Lot 0.06 ac (2,504 SF)
Zoning code R6
APN 05625-0059
UPID US63-1562256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

949 48th St Brooklyn, NY 11219-2919
Brooklyn metro Census 11400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.21M
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
1996
$325,000

Zoning & alternative use

R6 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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