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    2150 Mill Ave Brooklyn, NY 11234

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    For Sale
    Contact for pricing

    63,000 SF Mixed-Use Investment Opportunity

    Property size:
    63,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-story, 63,000 square foot building presents a unique investment opportunity in Brooklyn's Mill Basin. The property boasts a prime waterfront location and comprises a main building (56,515 square feet) and an accessory building (6,046 square feet). The main building features a ground floor reception area, medical offices, a large kitchen with cafeteria, and three separate dining halls, one with partitions for private events. Floors two through six offer 21 units per floor, each consisting of one- and two-bedroom apartments, along with four to five companion suites per floor. This configuration is ideal for an assisted living facility, currently housing 190 beds. The accessory building includes a recreation area, movie theater, beauty salon, mezzanine storage, and a second floor with offices, a conference room, laundry facilities, and a break room. The building is equipped with a backup generator and solar panels on the roof, enhancing both functionality and sustainability. This mixed-use property offers a blend of medical office space and residential units, creating a strong potential for diverse income streams and long-term value appreciation. The property's size, amenities, and location make it an attractive investment for a variety of buyers.

    Property Features for 2150 Mill Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    63,000 SF

    Building Details

    Stories
    6

    HighLights

    • 190‑bed assisted living facility with 63,000 square feet of space.
    • Backup generator and solar panel roofs.
    • Main building: 56,515 SF, six stories, featuring ground floor reception, medical offices, large kitchen/cafeteria, and three dining halls.
    • Upper floors (2‑6): 21 units per floor (mix of 1 & 2‑bedroom units with companion suites).
    • Accessory building: 6,046 SF, two stories, including recreation area, movie theater, beauty salon, mezzanine storage, and second‑floor offices/conference room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Appliance Repair Mill ... Appliance Repair Service Delux Auto Auto Market

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9142587
    Latitude
    40.6126813

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    FAQs

    What type of property is this?
    Multifamily property - 63,000 SF Mixed-Use Investment Opportunity
    Where is this multifamily property located?
    The property is located at 2150 Mill Ave Brooklyn, NY.
    What are key features of this property?
    This property features: 190-bed assisted living facility with 63,000 square feet of space.; Backup generator and solar panel roofs.; Main building: 56,515 SF, six stories, featuring ground floor reception, medical offices, large kitchen/cafeteria, and three dining halls.
    Request Owner's contact information
    2150 Mill Ave Brooklyn, NY 11234
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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
    2150 Mill Ave Brooklyn, NY 11234
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