450 Bay Ridge PkwyBrooklyn, NY 11209

Property Details for 450 Bay Ridge Pkwy

Year built

1910

Lot size

0.05 AC

Property size (Sq ft)

2,658 SF

Zone code

R5B

Property type

Investment properties

Property subtype

Live-work space

APN

05941-0027

APU

59410027

Description

This exceptional 840-square-foot office space is ideally situated at 450 Bay Ridge Parkway in Brooklyn, New York, within the historic limestone buildings of Doctor's Row. The single-tenant occupancy offers a convenient and efficient layout perfect for a variety of professional uses. The space boasts a spacious reception area, a sizable office, and three well-appointed exam rooms, making it particularly suitable for medical practices or similar businesses. Additional features include a dedicated bathroom and ample storage space. The property is conveniently located near the R train, ensuring easy access for both staff and clients. Tenants are responsible for all utilities. The building is located in Kings County (Brooklyn), New York, with a zip code of 11209. This prime location offers a blend of professional prestige and convenient accessibility. The property's layout and amenities provide a comfortable and functional workspace, ready for immediate occupancy. The building's historic character adds a unique and desirable element to this already attractive offering. This is a fantastic opportunity to establish a thriving business in a highly sought-after Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $439,447

  6.5%

  $405,643

  7%

  $376,669

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,294

  Geo Method

  $347,294

• Alternative Use

  Use

  Valuation

  Residential

  $502,998

  Hospitality

  $460,743

  Educational

  $383,333

  Medical

  $396,516

  Retail

  $596,296

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6299

Longitude

-74.0239

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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