Five story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use.
| Website: | https://www.nestseekers.com/5461553 |
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| Address: | New York, NY 11235 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | Studio |
Financials
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.
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578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
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| Listing Courtesy of RE/MAX Edge | |