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150 Ocean Pkwy
Brooklyn, NY 11218
Multifamily Property For Sale
·
4 Units
Investment Highlights
- high cap rate
- prime location
- stable cash flow
- fully occupied
Executive Summary
This fully occupied 9,820 SF office/medical condo presents a rare investment opportunity in Kensington, Brooklyn. Generating a stable Net Operating Income (NOI) of $349,420 with an attractive 7,7%+ cap rate, this property offers investors strong financial returns in a high-demand location.
Key Investment Highlights:
? Property Type: Office/Medical Condo
? Total Unit Size: 9,820 SF
? Parking Spaces: 6
? NOI: $349,420
? Cap Rate: 7,76%
? Asking Price: $4,500,000
? Year Built: 2002
? Occupancy: 100%
Investment Advantages:
? High Yield Opportunity – Strong 7,76% cap rate ensures attractive returns.
? Stable Cash Flow – Fully leased with an NOI of $349,420.
? Prime Location – Located in Kensington, Brooklyn, a sought-after area for office and medical tenants.
? Rare Offering – 8-unit commercial condo at the base of a 27-unit residential building.
Key Investment Highlights:
? Property Type: Office/Medical Condo
? Total Unit Size: 9,820 SF
? Parking Spaces: 6
? NOI: $349,420
? Cap Rate: 7,76%
? Asking Price: $4,500,000
? Year Built: 2002
? Occupancy: 100%
Investment Advantages:
? High Yield Opportunity – Strong 7,76% cap rate ensures attractive returns.
? Stable Cash Flow – Fully leased with an NOI of $349,420.
? Prime Location – Located in Kensington, Brooklyn, a sought-after area for office and medical tenants.
? Rare Offering – 8-unit commercial condo at the base of a 27-unit residential building.
Property Facts
| Price Per Unit | $1,527,750 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 7.76% | Building Size | 35,164 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Mid-Rise | ||
| Zoning | C4-2 - community facility uses | ||
| Price Per Unit | $1,527,750 CAD |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 35,164 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2002 |
| Zoning | C4-2 - community facility uses |
Property Taxes
| Parcel Numbers | Improvements Assessment | $984,902 CAD | |
| Land Assessment | $28,855 CAD | Total Assessment | $1,013,757 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$28,855 CAD
Improvements Assessment
$984,902 CAD
Total Assessment
$1,013,757 CAD
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