2215 Hendrickson StBrooklyn, NY 11234

Property Details for 2215 Hendrickson St

Year built

1981

Lot size

0.09 AC

Property size (Sq ft)

4,750 SF

Zone code

C8-1

Property type

Office buildings

APN

08559-0035

APU

85590035

Description

This exceptional two-story, 4,750 square foot Class B office building at 2215 Hendrickson Street in Brooklyn, New York, presents a compelling investment or owner-user opportunity. Built in 1981, the property boasts a prime location, just one block from Kings Plaza Shopping Mall, ensuring high visibility and convenient access. The building features a multi-tenant configuration, offering flexibility for various business needs. The asking price is $2,200,000, translating to $463.16 per square foot. Recent renovations include a major interior buildout, resulting in a spacious layout with five or more high-end bathrooms, a modern kitchen area, and a dedicated server room. Ample on-street parking is available, and the property is zoned C8-1, allowing for potential expansion or development opportunities. The expansive backyard offers significant potential for future development. Furthermore, the building presents excellent opportunities for additional income generation through roof and building signage. This property is a rare find, combining a desirable location, updated interiors, and significant upside potential. The property can be delivered vacant or with existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $785,317

  6.5%

  $724,908

  7%

  $673,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $620,635

  Geo Method

  $620,635

• Alternative Use

  Use

  Valuation

  Residential

  $898,886

  Hospitality

  $823,375

  Educational

  $685,038

  Medical

  $708,597

  Retail

  $1,065,615

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6091

Longitude

-73.9228

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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