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$8,700,000
Est. payment /mo
18,858 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 18,858 sqft
Price per Sqft $461
MLS Listing ID 500421
Year Built 2000
Annual Tax Amount $133,000
Lot Dimensions 3600
Property Sub-Type Office
Property Description
Five-story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use. The property features a beautifully maintained interior with high-quality finishes, extensive built-in cabinetry, and a welcoming, well-appointed lobby.
All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal.
This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location.
All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal.
This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location.
Location
State NY
County Kings (brooklyn)
Area Sheepshead Bay
Zoning C4-2
Rooms
Basement Cellar, Partial
Interior
Interior Features Elevator – Passenger
Exterior
Roof Type Flat
Present Use Health Care,Office,Other
Handicap Access Yes
Building
Story 5
Foundation Poured Concrete
Others
Financing 1031 Exchange,Assumption,Bank Mortgage
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Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716