6405 7Th AveBrooklyn, NY 11220

Property Details for 6405 7Th Ave

Year built

1998

Lot size

0.24 AC

Property size (Sq ft)

15,754 SF

Zone code

M1-1

Property type

Office buildings

APN

05821-0005

APU

58210005

Description

This exceptional 7,500-square-foot Class A office space in Brooklyn's desirable Bay Ridge submarket presents a unique opportunity. Located at 6405 7th Avenue, this property boasts a prime location, just 200 feet from the 7th Avenue N Subway Station, ensuring convenient commutes for employees and clients. The building offers ample covered and surface parking available for a fee, addressing a key concern for many businesses. The space is fully built out as a standard office, featuring 10-foot finished ceilings and is in excellent condition, ready for immediate occupancy. The suite is suitable for 20 to 64 people, making it ideal for a variety of businesses. This single-suite building is a multi-tenant property, and it's noteworthy that Fortune 500 companies currently occupy the building, underscoring its prestige and desirability. The property is classified as a Traditional Office, Executive Office, and Medical Office, offering versatility for diverse business needs. Situated in Kings County, New York, with a 11220 zip code, this property combines accessibility, high-quality finishes, and a prestigious location to create an unparalleled workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $3,092,600

  6.5%

  $2,854,707

  7%

  $2,650,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,058,418

  Geo Method

  $2,058,418

• Alternative Use

  Use

  Valuation

  Residential

  $3,539,837

  Hospitality

  $3,242,472

  Educational

  $2,697,698

  Medical

  $2,790,476

  Retail

  $4,196,420

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6341

Longitude

-74.0141

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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