1523 Voorhies Avenue, Brooklyn, NY 11235
COMMERCIAL - Brooklyn, NY
- Added:
- Apr 20, 2026
- Days on Market:
- 69
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 1523 Voorhies Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- C4-2
- Parking features
- Carport
- Basement
- Partial
- Standard status
- Active
- Size
- 18,858 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 133000
Building Details
- Year built
- 2000
- Floors in Building
- 5
- Number of units
- 5
- Building materials
- Block
- Roof type
- Flat
Listing agent Vladimir Levitan License #10301214390 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 20, 2026
Copyright © 2026 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.
HighLights
- Five‑story commercial building in Sheepshead Bay, currently configured for medical and professional office use
- Built in 2000 with block construction and a flat roof
- Carport parking available
- Includes a well‑appointed lobby with extensive built‑in cabinetry
- All building systems are in excellent working condition and the property is fully utilized
- Projected cap rate of approximately 7%, with sale including an assumable $5M mortgage at a 3.78% interest rate
Overview
Located at 1523 Voorhies Avenue in Brooklyn, the property is positioned in a central area of Sheepshead Bay. The offering is presented as fully utilized, generating strong, stable income. The zoning is listed as C4-2.
For buyers seeking an operating healthcare-and-office asset, the current layout is aligned to medical and professional tenants. The sale also includes an assumable $5M mortgage at an attractive 3.78% interest rate, and the listing provides an approximately 7% projected cap rate. This combination of an in-place, fully utilized configuration and assumable financing may appeal to investors looking to acquire a functioning property with established operations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $814.7k | $43.20 |
| − Vacancy | −$187.4k | −$9.94 |
| EGI | $627.3k | $33.26 |
| − OpEx | −$156.8k | −$8.32 |
| NOI | $470.5k | $24.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.953112
- Latitude
- 40.586027
