
Listed by REMAX EDGE
$8,300,000
1523 Voorhies Avenue
Details
Property Type Office
Sub Type Traditional Office, Other
Square Footage 18,858
Units 5
Cap Rate 0.06%
NOI $524,290
Year Built 2000
Stories 5
Lot Size (SqFt) 3,600
Ceiling Height 8-10 Foot
Office | 0.06% CAP | 18,858 SqFt
Marketing description
Five-story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use. The property features a beautifully maintained interior with high-quality finishes, extensive built-in cabinetry, and a welcoming, well-appointed lobby.
All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal.
This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location.
Listing Contacts

Listed by REMAX EDGE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$524,290.00
$43,690.83/mo
Valuation Metrics
0
DSCR
6.32%
Cap Rate
6.32%
ROI
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