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    1617 Avenue M Brooklyn, NY 11230

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    For Lease
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    10,318 SF, 2-Story Medical Building

    Lot size:
    10,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,318-square-foot medical office building at 1617 Avenue M in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, this two-story property offers multiple suites, with a minimum divisible space of 3,018 square feet and a maximum contiguous space of 7,300 square feet. Currently, the entire 10,318 square feet is vacant, providing a blank canvas for a new tenant or the opportunity to subdivide the space to suit various medical practices or fitness-related businesses. The building's high ceilings, measuring 28 feet to the joists, offer ample space and flexibility for design and layout. The property is ideally located in a vibrant area, with nearby businesses including 7-Eleven, Mountain Fruit, Chase Bank, and Murrow High School, ensuring high visibility and convenient access for patients and staff. The property type is classified as Retail, Office, and Restaurant, although the current vacancy and subtype designation strongly suggest a focus on medical or fitness uses. This presents a rare chance to acquire a substantial, fully vacant medical office building in a desirable Brooklyn location. The property's size and layout make it suitable for a single large tenant or multiple smaller tenants. The building's strategic location and the potential for diverse uses make this an attractive proposition for investors and medical professionals alike.

    Property Features for 1617 Avenue M

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,318 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    7,300 SF
    Space
    Second Floor
    Size
    3,018 SF

    HighLights

    • One block from the Avenue M subway station.
    • High‑ceilinged former movie theater.
    • Rear alley access on East 17th Street provides loading and employee parking.
    • Prominent Avenue M street frontage with substantial signage potential.
    • Multiple entrances on Avenue M and East 17th Street.
    • Adjacent municipal parking lot on East 17th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.958576
    Latitude
    40.6183472

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    FAQs

    What type of property is this?
    Restaurant - 10,318 SF, 2-Story Medical Building
    Where is this restaurant located?
    The property is located at 1617 Avenue M Brooklyn, NY.
    What are key features of this property?
    This property features: One block from the Avenue M subway station.; High-ceilinged former movie theater.; Rear alley access on East 17th Street provides loading and employee parking.
    Request Owner's contact information
    1617 Avenue M Brooklyn, NY 11230
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    Brooklyn, NY 11230
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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
    1617 Avenue M Brooklyn, NY 11230
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