6701 Bay PkwyBrooklyn, NY 11204

Property Details for 6701 Bay Pkwy

Year built

1925

Lot size

0.11 AC

Property size (Sq ft)

21,539 SF

Zone code

C42A

Property type

Office buildings

APN

06576-0010

APU

65760010

Description

This exceptional medical office building at 6701 Bay Parkway in Brooklyn, New York, offers a prime opportunity for healthcare professionals. The property boasts a total of 5,719 square feet spread across four stories, with two available suites ranging from 1,386 to 5,719 square feet. The building is zoned C4-2A and features ample natural light thanks to numerous windows throughout. Conveniently located steps from a subway station, this location ensures easy accessibility for patients and staff. The building is fully equipped with central HVAC for optimal climate control and is handicap accessible, ensuring compliance with ADA standards. The property's APN is 06576-0010, and it's situated in Kings County, New York, with a zip code of 11204. The building is ideal for a variety of medical practices and offers the potential for build-to-suit options to meet specific tenant needs. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving Brooklyn neighborhood. The fourth floor includes a mezzanine level, adding to the usable space. This property presents a unique chance to establish or expand a medical practice in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,228,994

  6.5%

  $3,903,687

  7%

  $3,624,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,814,286

  Geo Method

  $2,814,286

• Alternative Use

  Use

  Valuation

  Residential

  $4,840,572

  Hospitality

  $4,433,938

  Educational

  $3,688,984

  Medical

  $3,815,854

  Retail

  $5,738,420

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6123

Longitude

-73.9827

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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