Property Listing No Longer Available for Sale

5024 10th Ave, M1, Brooklyn, NY

Office for Sale - $899,000 - 1,755 Sq. Ft. on 0.06 acres


Property Info

CIMLS#1035385
Location
  5024 10th Ave, M1
  Brooklyn NY 11219
UpdatedApril 25th, 2019
TypeOffice
Price$899,000
Building1,755 Sq. Ft.
Land0.06 acres

Property Description

Coldwell Banker Reliable Commercial Division is pleased to offer for sale 5024 10th Avenue, Unit M1 in the Borough Park section of Brooklyn. The subject property is an approximately 1,755 SF lower level professional condo and is an excellent opportunity for an owner operator. The unit is vacant and in vanilla box condition with upgraded electric, a property tax abatement until 2022 and manageable maintenance. Suitable use types include medical, professional and community facility use. The property is within close distance to major roads, public transportation and Maimonides Medical Center. For additional information please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

Borough Park is a neighborhood in the southwestern part of the borough of Brooklyn, in New York City. The neighborhood covers an extensive grid of streets between Bensonhurst to the south, Bay Ridge to the southwest, Sunset Park to the west, Kensington to the northeast, Flatbush to the east, and Midwood to the southeast.


Financials

Cap Rate: 5.73%

NOI: $57,208



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