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33934873
33934872

1523 Voorhies Avenue, Brooklyn, NY 11235

YM
10491201590
Elbrus Capital Group
Listed by Elbrus Capital Group
$8,100,000
18 days on market
Updated 6 days ago

1523 Voorhies Avenue

Details
Property Type Office
Sub Type Medical Office
Square Footage 18,858
Cap Rate 6.50%
NOI $524,290
Occupancy 77.1%
Tenancy Multi
Price per SqFt $430
Class B
Stories 5

The property has a $5,000,000 assumable interest only mortgage at 3.78%.

Marketing description

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.

Investment highlights


Listing Contacts

YM
10491201590
Elbrus Capital Group
Listed by Elbrus Capital Group

Valuation Calculator

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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

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DSCR
6.47%
Cap Rate
6.47%
ROI

Map

Zoning

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C4-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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