2116 Avenue P, Brooklyn

$2,500,000

0 Beds
0 Baths
6,900 Sqft
0 Acres
0 Garages

Medical Office on 40x100 lot in R7A Zonning, cleanest and most well-kept medical facility you will ever find. It produces 6.7% Annual Cap Rate! 3 story building. Size of the building is 21’ x 85’, plus additional, attached construction on right side of back of the building (see photos). The 1st level and lower level are 2,700 sq ft each. 2nd level is 1,300 sq ft. Total is 6,900 sq ft of offices space. High tech, modern Medical facility that has some of Brooklyn's top Docs, diagnostics lab and a rehab center on site. Most doctors (tenants) gave been there for over 10 years. Lower level has its own entrance, a waiting room/reception area, 7 exam rooms, 3 offices, 3 bathrooms, 3 pantries, 1 physical therapy room, wheelchair accessible. Single wheelchair elevator. Current rental income from lower level approximately $4,500/mo 1st level has 2 entrances, 2 waiting rooms/reception areas, 2 offices plus 4 exam rooms on 1 side, and 2 offices plus 3 exam rooms on the other side, there is also a blood draw lab. Single Wheelchair elevator. $12,500/mo rental income from 1st level. 3rd level is approx 1,300 sf office currently a corporate RX office currently rented at $2300/mo No leases. All tenants are monthly/some occupy the premises just a few days a week. There are currently about 12 practices total in the building not including the owner. Rent collected is from $18k to $20k per month. Average early rent is $220k + seller would stay and pay additional 36k per year rent for 1200 sq ft on the 1st level. There is also more room for additional tenants as well. You can park 2-3 cars in front of the building, but they are not official parking spaces. Expenses: Insurance 7000, Taxes 39000, Water 2000, Gas 2000, Electricity 18000, Cleaning service 18000, Elevator service 1200. Rental Income 256k - 87,200 expenses = $168,800 Net Income 6.7% Cap Rate

Essential Information
MLS® #441013
Price$2,500,000
Bathrooms0.00
Square Footage6,900
Year Built1950
TypeCommercial
Sub-TypeCommercial
StatusActive
Community Information
Address2116 Avenue P
AreaMadison
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11229
Interior
Has BasementYes
# of Stories3
Interior Features

Restrooms - Staff, Elevator – Passenger, Intercom, Kitchen, Security Alarm

Basement

Finished, Full, Separate Entrance, Walk-in

Exterior
Exterior FeaturesDoors - 10 ft and under
RoofAsphalt/Tar
ConstructionBlock
FoundationBlock
Additional Information
Date ListedJuly 29th, 2020
Days on Market145
ZoningR7A
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Listing courtesy of RE/MAX Edge

© 2021 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: January 21st, 2021 at 3:15am EST

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing data is deemed reliable but it not guaranteed accurate by the MLS.

Listing information is provided by the Staten Island Multiple Listing Service, Inc.

Listing courtesy of RE/MAX Edge

© 2021 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: January 21st, 2021 at 3:21am EST

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