858 29Th StBrooklyn, NY 11210

Property Details for 858 29Th St

Year built

2010

Lot size

0.28 AC

Property size (Sq ft)

31,875 SF

Zone code

R4

Property type

Office buildings

APN

07574-0070

APU

75740070

Description

This exceptional five-story medical office building, located at 858 East 29th Street in Brooklyn, New York, offers 36,000 square feet of space. Situated on a substantial 70-acre lot in the vibrant Midwood neighborhood, this property boasts a highly desirable location, just steps from the Brooklyn College campus and at the crossroads of Flatbush and Nostrand Avenues. The building features six suites, with a minimum divisible space of 1,552 square feet and a maximum contiguous space of 11,877 square feet. Currently, 35,918 square feet are vacant, presenting a significant opportunity for medical professionals. The building includes 10 parking spaces and elevators for convenient access. Its R4 zoning designation allows for a variety of medical uses. The property's convenient location offers excellent transit options, with proximity to the #2 and #5 subway lines and numerous bus routes, ensuring easy access for patients and staff. The property's address is 858 E 29th St, Brooklyn, NY 11210, and its APN is 7574-70. Kings County is the location of this prime medical office opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,972,540

  6.5%

  $5,513,120

  7%

  $5,119,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,164,790

  Geo Method

  $4,164,790

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,854,100

  Retail / Commercial

  $5,565,910

  Mixed-Use / Specialty

  $5,546,060

  Hospitality / Lodging

  $4,068,970

  Institutional / Educational

  $5,765,670

  Residential Income

  $6,745,840

  Multifamily

  $8,090,590

  Automotive / Energy

  $4,942,000

  Parking / Income-Based Land

  $1,705,430

  Restaurant / Food Service

  $2,884,550

  Healthcare / Senior Housing

  $5,687,380

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.63

Longitude

-73.9488

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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