1401 Kings HwyBrooklyn, NY 11229

Property Details for 1401 Kings Hwy

Year built

1924

Lot size

0.25 AC

Property size (Sq ft)

25,700 SF

Zone code

C44A

Property type

Investment properties

Property subtype

Retail residential properties

APN

06777-0050

APU

67770050

Description

This exceptional 10,300-square-foot medical office space is available for lease at 1401 Kings Highway in Brooklyn, New York. Located in Kings County, this single-tenant property offers a unique opportunity for medical practices seeking a prominent location. The building boasts a spacious layout with a ceiling height of 10 feet, providing ample room for various medical configurations. The entire 10,300 square feet is currently vacant, allowing for complete customization to suit the tenant's specific needs and design preferences. The property is classified as both retail and office space, offering flexibility and potential for a variety of uses within the medical field. Its convenient location on Kings Highway in Brooklyn, New York, 11229, ensures high visibility and accessibility for patients and staff. The property's single-tenant occupancy eliminates the complexities of multi-tenant management, providing a streamlined and efficient operational environment. This is an ideal opportunity for a growing medical practice seeking a substantial, well-located space to expand its operations. The property's size and layout offer significant potential for a wide range of medical specialties. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,268,732

  6.5%

  $4,863,445

  7%

  $4,516,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,204,841

  Geo Method

  $5,204,841

• Alternative Use

  Use

  Valuation

  Residential

  $4,863,445

  Hospitality

  $4,454,890

  Educational

  $3,706,416

  Medical

  $3,833,885

  Retail

  $5,765,536

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6088

Longitude

-73.959

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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