110 4Th AveBrooklyn, NY 11217

Property Details for 110 4Th Ave

Year built

2007

Lot size

0.15 AC

Property size (Sq ft)

58,590 SF

Zone code

C44D

Property type

Retail residential properties

APN

00401-0041

APU

4010041

Description

This exceptional 8,000 square foot medical office building, located at 110 4th Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, this single-story building offers flexible space options, perfect for a variety of medical practices. The property boasts a total of 8,000 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible, with a minimum leasable area of 4,000 square feet and a maximum contiguous space of 4,000 square feet, making it ideal for either a single large tenant or two separate occupants. The building features a functional layout with a consistent 9-foot ceiling height throughout. Its convenient location in the vibrant Brooklyn neighborhood, with zip code 11217, provides excellent accessibility for patients and staff. This is a rare opportunity to acquire a fully vacant, well-maintained medical office building in a high-demand area. The property's size and layout offer significant potential for growth and customization to suit the specific needs of a medical practice or group of practices. The building's single-story design ensures easy navigation and accessibility for all. Don't miss this chance to secure a prime medical office space in a thriving Brooklyn location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $12,011,480

  6.5%

  $11,087,520

  7%

  $10,295,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,865,823

  Geo Method

  $11,865,823

• Alternative Use

  Use

  Valuation

  Residential

  $11,087,520

  Hospitality

  $10,156,108

  Educational

  $8,449,763

  Medical

  $8,740,363

  Retail

  $13,144,076

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6812

Longitude

-73.9809

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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