9920 4Th AveBrooklyn, NY 11209

Property Details for 9920 4Th Ave

Property size (Sq ft)

45,000 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional three-story, 45,000 square foot office building in Brooklyn's Bay Ridge neighborhood presents a compelling investment opportunity. Currently 85% occupied by 31 tenants, including prominent names like Mass Mutual, Jag One Physical Therapy, Colonial Pharmacy, and PRO Health, this stabilized property boasts a strong NOI of $805,942 and a 5.20% cap rate. The building, constructed in 1977 and renovated in 2007, features 33 units, each with its own dedicated HVAC system. Ample parking is provided with 40 indoor spaces in a heated garage with elevator access, and an additional 13 outdoor spaces. Two newly upgraded elevators and a full-time on-site property manager ensure smooth operations. The building's prime location offers easy access to major transportation arteries, including the Belt Parkway, Verrazano Bridge, Brooklyn-Queens Expressway, the R train, and local and express buses to New York City. The asking price is $15,500,000, representing a price per square foot of $344.44 and a price per unit of $469,696.97. The property sits on an 18,925 square foot lot and is zoned R6A, R4-1, and C1-3. This is a rare opportunity to acquire a well-established, multi-tenant professional building in a thriving Brooklyn community.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6129

Longitude

-74.0337

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].