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    462 36Th St Brooklyn, NY 11232

    Sponsored
    For Sale
    $11,000,000

    High-Occupancy, Multi-Tenant Office Complex

    Property size:
    25,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, Class B office building at 462 36th Street in Sunset Park, Brooklyn, presents a compelling investment opportunity. The property boasts 25,220 square feet, currently enjoying 100% occupancy across nine units within a single building. The asking price is $11,000,000, translating to a price per square foot of $436.16 and a projected cap rate of 6.41%. The building's zoning is M1-2, allowing for a variety of uses. The lease type is modified, and the tenancy is multi-tenant, providing a diversified income stream. The ground floor features retail space, currently occupied by a high-end auto spa specializing in exotic and supercars, which occupies both retail and office space within the building. This prime location on a major street in Sunset Park benefits from high visibility and proximity to a mix of commercial and residential properties, ensuring strong tenant demand. The building's strong occupancy rate and established tenant base make it an attractive investment for those seeking a stable and profitable commercial property in a thriving Brooklyn neighborhood. This is a rare opportunity to acquire a fully occupied, well-maintained commercial building with significant upside potential.

    Property Features for 462 36Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    25,220 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    3
    Units
    9

    HighLights

    • Fully leased office building.
    • Ground floor retail space available.
    • Luxury auto spa (exotic and supercars) occupying retail and office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    JADE Massage Therapist Permanent Makeup Artist Beauty Salon Lashes Eyelash Salon Aesthetic Touch Med ... Medical Spa Eyelash Extensions – Qualbi Beauty Salon

    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
    -74.0028823
    Latitude
    40.6531179

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    FAQs

    What type of property is this?
    Office Property / Space - High-Occupancy, Multi-Tenant Office Complex
    Where is this office property / space located?
    The property is located at 462 36Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: Fully leased office building.; Ground floor retail space available.; Luxury auto spa (exotic and supercars) occupying retail and office space.
    Request Owner's contact information
    462 36Th St Brooklyn, NY 11232
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    Brooklyn, NY 11232
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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
    462 36Th St Brooklyn, NY 11232
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