Elbrus Capital Group
Listed by Elbrus Capital Group
$8,100,000
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
Elbrus Capital Group
Listed by Elbrus Capital Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$524,290.00
$43,690.83/mo
Valuation Metrics
0
DSCR
6.47%
Cap Rate
6.47%
ROI
Map
Zoning
C4-2 CommercialGeneral CommercialGeneral Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 265 uses
View all 265 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
















