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5518 Avenue N 19,561 SF 87% Leased Office Building Brooklyn, NY 11234 For Sale
Investment Highlights
- Modern medical office building completed in 2018.
- Located within an established residential neighborhood.
- Contemporary tenant improvements and professional finishes.
- Situated along a highly visible Brooklyn commercial corridor.
- Convenient access to area businesses, services, and transportation routes.
Executive Summary
Newmark is pleased to present the sale of 5518 Avenue N, a modern, high-visibility office/medical building located in the Old Mill Basin submarket. 5518 Avenue N presents an opportunity to acquire a two-story, 100% occupied ~20K SF asset in a dense, affluent Brooklyn corridor with convenient transit access.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
19,561 SF
Building Class
B
Year Built
2018
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,781 SF
Building FAR
1.60
Lot Size
0.28 AC
Zoning
R3-2, C2-2
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07900-0044 | Improvements Assessment | $2,036,590 CAD |
| Land Assessment | $555,377 CAD | Total Assessment | $2,591,967 CAD |
Property Taxes
Parcel Number
07900-0044
Land Assessment
$555,377 CAD
Improvements Assessment
$2,036,590 CAD
Total Assessment
$2,591,967 CAD
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5518 Avenue N
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