New York, NY 11235

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio

Financials

Price:$8,300,000
Annual Taxes:$132,141
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of RE/MAX Edge

Five story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use.

Description

Five-story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use. The property features a beautifully maintained interior with high-quality finishes, extensive built-in cabinetry, and a welcoming, well-appointed lobby. All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal. This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.