2116 Avenue P, Brooklyn, NY 11229

For Sale

Listed by Alexey Kogan with RE/MAX Edge
$2,500,000 USD
  • 6,900 Sqft
  • 0.092 ac Lot Size
  • Commercial
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Property Summary for 2116 Avenue P Español?

Type
Commercial
Sub-Type
Other
Lot Size
0.092 Ac
MLS Number
441013
Year Built
1950
stories
3
Parking info
2
Neighborhood
Madison
Zip
11229
School District
22

Description for 2116 Avenue P

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
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Features for 2116 Avenue P

Roof
  • Asphalt
Listing provided by Brooklyn New York Multiple Listing Service
Copyright © 2020 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Alexey Kogan

RE/MAX Edge

Demographics in 11229top

Population

Total population 83,615
Male population 40,272
Female population 43,343
Median age 40.80

Households

Total households 30,946
Average people per household 2.69

Housing

Total housing units 33,104
Owner occupied 14,601
Renter occupied 16,345
Median year built 1943

Income

Median household income 60,873
Average household income 83,189

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Disclaimer


Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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