For Sale
$1,400,000

1817 Flatbush Ave Brooklyn, NY 11210

Prime Brooklyn medical office, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional three-story brick building at 1817 Flatbush Avenue in Brooklyn, NY (zip code 11210), offers a unique investment opportunity. Currently operating as a fully occupied (100%) medical office, this property boasts 3,700 square feet of net rentable space within a total building area of 3,600-3,750 square feet, situated on a 2,266 square foot lot. The building features five units and includes two on-site parking spaces. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $94,704 and a 6.76% capitalization rate. The asking price is $1,400,000. The building's classic brick construction ensures durability and aesthetic appeal, while its prime Flatbush Avenue location provides excellent visibility and accessibility. The interior is well-suited for medical use, with features including fully equipped examination rooms, a spacious reception area, and dedicated administrative offices. This is an ideal investment for those seeking a stable, high-performing asset in a thriving Brooklyn neighborhood. The property is classified as Class C and its Kings County APN is 076190005.

Highlights

  • Three-story brick building totaling 4,280 square feet.
  • Fully equipped medical office space with exam rooms, reception area, and administrative offices.
  • On-site parking for two cars.
  • Durable brick construction.
  • High-visibility location on Flatbush Avenue in Brooklyn, NY.

Property Details for 1817 Flatbush Ave

Property type
Retail properties, Office properties
Square Feet
3,600 SF
Class
C
Stories
3
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.625541134248
Longitude
-73.939754377794

FAQs

What type of property is this?
Retail property - Prime Brooklyn medical office, high NOI.
Where is the retail property located?
The property is located at 1817 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three-story brick building totaling 4,280 square feet.; Fully equipped medical office space with exam rooms, reception area, and administrative offices.; On-site parking for two cars.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1817 Flatbush Ave
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