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Investment Highlights

  • One Avenue from the hospital and Prospect Park
  • Open Plan with a bathroom and kitchen included
  • Lots of natural light

Executive Summary

531 5th Street: A Diamond in the Rough, Drenched in Sunlight. We are pleased to present a rare opportunity to own and design a ground floor, professional medical suite in the heart of Park Slope. Ideally located just one avenue from both NY-Presbyterian Brooklyn Methodist Hospital and Prospect Park, this 900+ SF corner space is ready for your specific vision. The SUNNY suite features its own private entrance attached to an established condominium. The current layout includes a large waiting room, an office/exam space, a bathroom, and a small galley kitchen. Additionally, an attached lot of 300 SF is available, bringing the total potential space to 932 SF. This suite is zoned for an Ambulatory or Diagnostic Treatment Health Care Facility, making it an ideal location for Physicians, Nurse Practitioners, Physical Therapists, Occupational Therapists, or Speech Therapists. Common charges are exceptionally low at $309 per month. The images included are rendings; the space requires a renovation. Showing privately by appointment.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit Suite 1
  • 932 SF
  • Office/Medical
  • $900,000 ($965.67/SF)
  • -
Sale Type Investment or Owner User
Description
531 5th Street: A Diamond in the Rough, Drenched in Sunlight. We are pleased to present a rare opportunity to own and design a ground floor, professional medical suite CONDO in the heart of Park Slope. Ideally located just one avenue from both NY-Presbyterian Brooklyn Methodist Hospital and Prospect Park, this 900+ SF corner space is ready for your specific vision.

The SUNNY suite features its own private entrance attached to an established condominium. The current layout includes a large waiting room, an office/exam space, a bathroom, and a small galley kitchen. Additionally, an attached lot of 300 SF is available, bringing the total potential space to 932 SF.

This suite is zoned for an Ambulatory or Diagnostic Treatment Health Care Facility, making it an ideal location for Physicians, Nurse Practitioners, Physical Therapists, Occupational Therapists, or Speech Therapists.

Common charges are exceptionally low at $309 per month.

The images included are rendings; the space requires a renovation.

Showing privately by appointment.
Unit Unit Size Condo Use Price NOI
Unit Suite 1 932 SF Office/Medical $900,000 ($965.67/SF) -

Unit Suite 1

Unit Size
932 SF
Condo Use
Office/Medical
Price
$900,000 ($965.67/SF)
NOI
-

Unit Suite 1

Unit Size 932 SF
Condo Use Office/Medical
Price $900,000 ($965.67/SF)
NOI -
Sale Type Investment or Owner User
Description
531 5th Street: A Diamond in the Rough, Drenched in Sunlight. We are pleased to present a rare opportunity to own and design a ground floor, professional medical suite CONDO in the heart of Park Slope. Ideally located just one avenue from both NY-Presbyterian Brooklyn Methodist Hospital and Prospect Park, this 900+ SF corner space is ready for your specific vision.<br> <br> The SUNNY suite features its own private entrance attached to an established condominium. The current layout includes a large waiting room, an office/exam space, a bathroom, and a small galley kitchen. Additionally, an attached lot of 300 SF is available, bringing the total potential space to 932 SF.<br> <br> This suite is zoned for an Ambulatory or Diagnostic Treatment Health Care Facility, making it an ideal location for Physicians, Nurse Practitioners, Physical Therapists, Occupational Therapists, or Speech Therapists. <br> <br> Common charges are exceptionally low at $309 per month.<br> <br> The images included are rendings; the space requires a renovation.<br> <br> Showing privately by appointment.</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 9,500 SF
Property Type Health Care (Condo)
Property Subtype
Hospital
  • Healthcare Hospital
Building Class B
Floors 6
Typical Floor Size 1,583 SF
Year Built 1920
Zoning Group IIIB - Ambulatory or Diagnostic Treatment Health Care Facility
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
  • Listing ID: 40901742

  • Date on Market: 6/12/2026

  • Last Updated:

  • Address: 420 8th Ave, Brooklyn, NY 11215

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