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1523 Voorhies Ave
Brooklyn, NY 11235
Office Property For Sale
Investment Highlights
- Located directly off of Shore Parkway
Executive Summary
The entire property is completely built out and features a contemporary lobby, high-end finishes, and specialized infrastructure including hospital-grade plumbing, electrical systems, office based surgery operation rooms with back up generator.
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.
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
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,858 SF
Building Class
B
Year Built
2000
Price
$8,700,000
Price Per SF
$461.34
Cap Rate
6.03%
NOI
$524,290
Percent Leased
77%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
3,406 SF
Slab To Slab
10’
Building FAR
5.41
Lot Size
0.08 AC
Zoning
C4-2 - C4 - Regional commercial center located outside of the central business districts
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
Property Taxes
| Parcel Number | 07459-0156 | Improvements Assessment | $1,232,550 |
| Land Assessment | $63,450 | Total Assessment | $1,296,000 |
Property Taxes
Parcel Number
07459-0156
Land Assessment
$63,450
Improvements Assessment
$1,232,550
Total Assessment
$1,296,000
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