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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31790821
31790823

1523 Voorhies Avenue, Brooklyn, NY 11235

VL
NY 10301214390
REMAX EDGE
Listed by REMAX EDGE
$8,300,000
49 days on market
Updated 28 days ago

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.
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Listing Contacts

VL
NY 10301214390
REMAX EDGE
Listed by REMAX EDGE

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Loan Amount
$0.00
Annual Debt Service
$--
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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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