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5518 Avenue N 19,561 SF 87% Leased Office Building Brooklyn, NY 11234 For Sale
Investment Highlights
- Modern construction, attractive tenant space
- Prime corridor exposure
- High walkability & transit access
- 100% occupied and cash-flowing
- Desirable residential neighborhood
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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
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Founded in 1993, DaVita has grown into a kidney care company focused on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. The company's core business includes in-center and home dialysis, related laboratory services, and management and administrative services for outpatient dialysis centers. DaVita also works across the broader kidney care journey through patient support, treatment options guidance, and education programs, while maintaining operations in the United States and internationally through a wide network of care sites.
- Global
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| Global | - | - | - | - |
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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 | $1,471,950 |
| Land Assessment | $401,400 | Total Assessment | $1,873,350 |
Property Taxes
Parcel Number
07900-0044
Land Assessment
$401,400
Improvements Assessment
$1,471,950
Total Assessment
$1,873,350
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