910 Park PlBrooklyn, NY 11216

Property Details for 910 Park Pl

Year built

1910

Property size (Sq ft)

803 SF

Zone code

R6

Property type

Office properties

APN

01241-1002

APU

12411002

Description

This exceptional 1,675 square foot property in Brooklyn's Crown Heights Historic District presents a unique investment opportunity. Located at 910 Park Place, this Tudor-style condominium offers two separate deeded units, totaling 1,675 square feet. Currently configured as a turnkey medical office established in 2013, featuring six examination rooms, three offices, a waiting area, reception area, testing room, and two bathrooms, it's easily adaptable to various uses. Alternatively, it can be utilized as two residential units (740 sq ft and 935 sq ft), offering a "work and play" lifestyle. The property boasts an 8-10 foot ceiling height and benefits from low common charges of $695.23 per month, inclusive of heat, hot and cold water. R6 zoning allows for flexible use, including office space, a community center, or residential conversion. The building features an elevator and offers immediate occupancy. This prime location provides easy access to museums, restaurants, shopping, and public transportation. The property is being sold "as is" and is priced to sell. Financing options are available. Pets are allowed, pieds-à-terre are permitted, and washer/dryer hookups are present. A truly versatile property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $132,760

  6.5%

  $122,548

  7%

  $113,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $104,920

  Geo Method

  $104,920

• Alternative Use

  Use

  Valuation

  Residential

  $151,959

  Hospitality

  $139,194

  Educational

  $115,807

  Medical

  $119,790

  Retail

  $180,145

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6731

Longitude

-73.9477

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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