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    2632 14Th St Brooklyn, NY 11235

    Sponsored
    For Sale
    $6,499,000

    Profitable Medical Office, Excellent Location

    Property size:
    4,558 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story Class B medical office building at 2632 East 14th Street in Brooklyn, New York, presents a compelling investment opportunity. Boasting 4,558 square feet of total space and 2,700 square feet of net rentable area, the property is priced at $6,499,000, translating to $1,425.84 per square foot. The building features an elevator, a significant advantage for both patients and staff. Its R5 zoning permits a variety of uses, enhancing its long-term potential. The property's strong location in Kings County, zip code 11235, contributes to its appeal. With a 5.80% cap rate, this building offers a solid return on investment. The property's assessed parcel number (APN) is 07458-0018. The building's excellent location and potential for increased profitability make it an attractive proposition for discerning investors seeking a stable and growing asset in a thriving market. This is a rare opportunity to acquire a well-maintained medical office building with significant upside potential in a desirable Brooklyn neighborhood. The building's elevator and convenient location are key features that enhance its value and marketability.

    Property Features for 2632 14Th St

    General Information

    Property type
    Medical offices
    Square Feet
    4,558 SF
    Class
    B

    Building Details

    Stories
    3

    HighLights

    • Elevator building.
    • Significant upside potential.
    • Excellent location.
    Property Profile Location Intelligence

    Current Use by Public Records

    NY Labiaplasty Plastic Surgeon Accord Physicians - Gynecology ... Gynecologist Vitaly Raykhman, MD ... Urologist Accord Physicians PLLC Medical Group Accord Urology Brooklyn Urology Clinic

    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
    -73.9554301
    Latitude
    40.5871425

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    FAQs

    What type of property is this?
    Medical office - Profitable Medical Office, Excellent Location
    Where is this medical office located?
    The property is located at 2632 14Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $6,499,000.
    What are key features of this property?
    This property features: Elevator building.; Significant upside potential.; Excellent location.
    Request Owner's contact information
    2632 14Th St Brooklyn, NY 11235
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    Brooklyn, NY 11235
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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
    2632 14Th St Brooklyn, NY 11235
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