2516 Neptune AveBrooklyn, NY 11224

Property Details for 2516 Neptune Ave

Year built

1936

Lot size

0.28 AC

Property size (Sq ft)

4,200 SF

Zone code

R5

Property type

Medical offices

Property subtype

Medical centers

APN

07013-0001

APU

70130001

Description

This exceptional 4,600 square foot industrial space, located in Kings County on a 12,000 square foot lot, presents a unique opportunity for a variety of businesses. Situated on the corner of W 27th St, this single-story building boasts a 13-foot ceiling height, providing ample vertical space. The property underwent a complete renovation in 2024, ensuring modern and efficient functionality. The space is currently vacant and ready for immediate occupancy. Features include heating and air conditioning, men's and women's restrooms, and windows in most offices. Ample parking is available with 50 secured spaces in the on-site lot. The property's versatile design makes it ideal for a wide range of uses, including medical centers, banks, retail establishments, rehabilitation centers, care facilities, gyms, schools, or general office space. The APN is 07013-0001. This prime Coney Island location offers excellent visibility and accessibility. Don't miss this chance to secure this exceptional industrial property.

• CAP approach

  CAP return

  Valuation

  6%

  $694,385

  6.5%

  $640,971

  7%

  $595,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $548,772

  Geo Method

  $548,772

• Alternative Use

  Use

  Valuation

  Residential

  $794,804

  Hospitality

  $728,036

  Educational

  $605,718

  Medical

  $626,549

  Retail

  $942,228

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5777

Longitude

-73.9933

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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