681 Flatbush AveBrooklyn, NY 11225

Property Details for 681 Flatbush Ave

Year built

1925

Lot size

0.04 AC

Property size (Sq ft)

3,565 SF

Zone code

R7-1

Property type

Investment properties

Property subtype

Live-work space

APN

05045-0002

APU

50450002

Description

This 1,700-square-foot Class B medical office building, located at 681 Flatbush Avenue in Brooklyn, New York, 11225, presents a unique opportunity for healthcare providers. The single-tenant property features a fully set-up urgent care facility, complete with existing medical infrastructure, ready for immediate occupancy. A full basement provides ample storage or administrative space. Situated in the desirable Lefferts Garden neighborhood, this property benefits from a strong community presence and a growing residential population, ensuring high demand for healthcare services. Its convenient location offers easy access via major roads and public transportation. Ideal for urgent care centers, medical clinics, specialty health services, or walk-in clinics, this turnkey operation allows for immediate commencement of services, minimizing setup time and maximizing revenue potential. The property's established location and existing infrastructure offer a significant advantage in the competitive healthcare market, providing an immediate impact on the health and well-being of the community. This is a rare opportunity to acquire a fully operational medical facility in a thriving Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $589,401

  6.5%

  $544,062

  7%

  $505,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,803

  Geo Method

  $465,803

• Alternative Use

  Use

  Valuation

  Residential

  $674,637

  Hospitality

  $617,964

  Educational

  $514,139

  Medical

  $531,821

  Retail

  $799,772

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6567

Longitude

-73.9598

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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