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    602 Cortelyou Rd Brooklyn, NY 11218

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    For Sale
    $8,499,000

    100% occupied mixed-use building in prime Kensington location.

    Property size:
    14,913 SF
    Lot size:
    0.13 Acres

    Property Features for 602 Cortelyou Rd

    General Information

    Size
    14,913 SF
    Lot size
    0.13 Acres

    Source: Commercial Acquisitions Realty Services Agent Arsen Atbashyan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Professional Office Building

    This mixed-use professional office building, constructed in 2004, is 100% occupied. The building features central HVAC, elevator access, and ADA compliance. Situated on a corner lot in a high-traffic area, the property is conveniently located steps from public transportation. Multiple parking spots are available. The property includes additional buildable air rights of 8,108 square feet. The building is occupied by Class A tenants with NNN leases, presenting a great investment opportunity in prime Kensington. The property has a size of 14,913 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.972574
    Latitude
    40.638424

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    FAQs

    What type of property is this?
    Office building - 100% occupied mixed-use building in prime Kensington location.
    Where is this office building located?
    The property is located at 602 Cortelyou Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $8,499,000.
    What are key features of this property?
    This property features: - 100% Occupied with Class A Tenants on NNN Leases offering immediate and stable income.; - Additional Buildable Air Rights (8,108 SF) provides significant potential for future expansion.; - Prime Kensington Location, a highly desirable area.
    (917) 939-3760
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    602 Cortelyou Rd Brooklyn, NY 11218
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    Brooklyn, NY 11218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    602 Cortelyou Rd Brooklyn, NY 11218
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