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
Open House
The COVID-19 situation might influence or cause uncertainty around some open houses. Please remember to verify restrictions with your agent and local authorities.
Select date and request your own property tour:
Is this home right up your alley? Get all the details now.

Property Summary for 2116 Avenue P Español?

Lot Size
0.092 Ac
MLS Number
Year Built
Parking info
School District

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
Find out more about this property. Request details here

Features for 2116 Avenue P

  • 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


Demographics in 11229top


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


Total households 30,946
Average people per household 2.69


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


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

Browse all commercial properties for sale in Southern Brooklyn, Brooklyn


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.

More about this property:

Add a message

This site is protected by reCAPTCHA. Google Privacy Policy and Terms of Service apply.
Choose language: English Español ?