602 Cortelyou Rd, Brooklyn, NY
100% occupied mixed-use building in prime Kensington location.
- Added:
- Mar 20, 2025
- Days on Market:
- 456
- Last Refresh:
- May 19 at 9:56 pm
Property Features for 602 Cortelyou Rd
General Information
- Standard status
- Active
- Size
- 14,913 SF
- Lot size
- 0.13 Acres
- Property subtype
- OFFICE
Listing agent Arsen Atbashyan License #0000 (917) 939-3760
Listing office Commercial Acquisitions Realty Services (917) 939-3760
Listing date Mar 20, 2025
Source Moodyscre
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HighLights
- 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.
- Corner Building in High Traffic Area offering excellent visibility.
- Multiple Parking Spots & Steps from Public Transportation for convenient access.
- Constructed in 2004, Central HVAC, ADA Compliant & Elevator Building.
Overview
Local Financial Insights For Mixed Use
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 | $984.3k | $66.00 |
| − Vacancy | −$118.1k | −$7.92 |
| EGI | $866.1k | $58.08 |
| − OpEx | −$324.8k | −$21.78 |
| NOI | $541.3k | $36.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9726
- Latitude
- 40.6384
