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1523 Voorhies Ave 18,858 SF 77% Leased Office Building Brooklyn, NY 11235 $11,358,550 CAD ($602.32 CAD/SF) 6.32% Cap Rate
Investment Highlights
- Located directly off of Shore Parkway
Executive Summary
The property has a $5,000,000 assumable interest only mortgage at 3.78%. In a volatile capital market, this sits significantly below prevailing interest rates, offering a buyer immediate stability and superior cash flow. This represents approximately $1,000,000 in interest savings over the next six year.
The property is fully occupied with the exception of the second floor.
The Second Floor is a fully built-out medical suite featuring one surgical room, nine exam rooms/offices, a large multipurpose area, and a spacious reception/administrative wing. This space is perfectly positioned for a physician group or any general offices.
The property is strategically located in the heart of Sheepshead Bay in South Brooklyn, boasting a Walk Score of 98 and a Transit Score of 83, offering unmatched connectivity.
The property is approximately 100 yards from the Sheepshead Bay subway station and offers direct vehicular access via Exit 8 of the Belt Parkway.
Property Facts
Amenities
- Bio-Tech/ Lab Space
- Controlled Access
- Metro/Subway
- Security System
- Storage Space
- Central Heating
- Direct Elevator Exposure
- Partitioned Offices
- Reception
- Recessed Lighting
- Wi-Fi
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
This is an excellent opportunity to lease well sought after medical office space in Sheepshead Bay area of Brooklyn. Recently renovated in 2021. Second floor location with elevator access. Fully buildout medical office space with 1 surgical room and 9 exam rooms/offices, 1 large multipurpose room, 2 restrooms and large reception/administrative area. The space is in the excellent condition.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 4,320 SF | Office/Medical | Full Build-Out | Now |
2nd Floor
| Size |
| 4,320 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 4,320 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
This is an excellent opportunity to lease well sought after medical office space in Sheepshead Bay area of Brooklyn. Recently renovated in 2021. Second floor location with elevator access. Fully buildout medical office space with 1 surgical room and 9 exam rooms/offices, 1 large multipurpose room, 2 restrooms and large reception/administrative area. The space is in the excellent condition.
Property Taxes
| Parcel Number | 07459-0156 | Improvements Assessment | $1,685,759 CAD |
| Land Assessment | $86,781 CAD | Total Assessment | $1,772,539 CAD |
Property Taxes
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1523 Voorhies Ave
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