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    513 New York Ave Brooklyn, NY 11225

    For Sale
    $2,000,000

    New 3,000 SF Office, Winter 2024 Delivery

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,000 square foot ground-floor commercial space is located at 513 New York Avenue in the desirable Wingate neighborhood of Brooklyn, New York (zip code 11225). Currently under construction and slated for completion in Winter 2024, this property is being offered for sale at $2,000,000. The building, constructed in 2024, will be delivered in "vanilla box" condition, providing a blank canvas for tenant build-out and customization. Its prime location offers excellent street frontage, making it highly visible and accessible. This versatile space is ideally suited for a variety of uses, including executive offices, medical offices, or traditional office settings. The property benefits from a tax abatement, a significant financial advantage for the buyer. The address is 513 New York Ave, Brooklyn, NY 11225, situated in Kings County. The property is available for occupancy on November 30, 2024. This presents a unique opportunity to acquire a brand-new, adaptable commercial space in a thriving Brooklyn community. The property is being sold directly by the owner.

    Property Features for 513 New York Ave

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    2024

    HighLights

    • $2,000,000 asking price.
    • 3,000 SF ground floor space in Brooklyn, NY.
    • Executive, medical, and traditional office suitability.
    • New construction, available Winter 2024 (11/30/2024).
    • Located at 513 New York Ave, Brooklyn, NY 11225.
    • Vanilla box condition; ready for tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9477102
    Latitude
    40.6623178

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    FAQs

    What type of property is this?
    Medical office - New 3,000 SF Office, Winter 2024 Delivery
    Where is this medical office located?
    The property is located at 513 New York Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; 3,000 SF ground floor space in Brooklyn, NY.; Executive, medical, and traditional office suitability.
    Request Owner's contact information
    513 New York Ave Brooklyn, NY 11225
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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
    513 New York Ave Brooklyn, NY 11225
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