14 Olive StBrooklyn, NY 11211

Property Details for 14 Olive St

Year built

2019

Lot size

0.11 AC

Property size (Sq ft)

22,751 SF

Zone code

C8-2

Property type

Residential income properties

Property subtype

Residential income homes

APN

02923-0003

APU

29230003

Description

This Class A, 25,000 square foot, two-story building at 14 Olive Street in Brooklyn, NY 11211, offers 7,200 square feet of immediately available office space. Built in 2023, the property features multiple suites, with a minimum divisible space of 3,700 square feet and a maximum contiguous space of 7,200 square feet. The building boasts an open floor plan, two marble bathrooms, abundant natural light, and stunning views of East Williamsburg. Amenities include one elevator and a convenient location near various retail options, restaurants, and public transportation. The property is categorized as Traditional Office, Creative Office, Coworking, and Executive Office space, making it suitable for a variety of businesses. Annual property taxes are $4.80 per square foot. The building has a total of two suites and is situated near Powers Street. Power capacity is 600 amps. While there are no on-site parking spaces, the excellent public transportation access mitigates this. This exceptional space is perfect for businesses seeking a modern, well-located office in a vibrant Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,664,160

  6.5%

  $4,305,379

  7%

  $3,997,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,607,601

  Geo Method

  $4,607,601

• Alternative Use

  Use

  Valuation

  Residential

  $4,305,379

  Hospitality

  $3,943,704

  Educational

  $3,281,116

  Medical

  $3,393,958

  Retail

  $5,103,958

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.713

Longitude

-73.9384

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].