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    1610 Dekalb Ave Brooklyn, NY 11237

    Sponsored
    For Sale
    $5,650,000

    16,982 SF, 7.28% Cap Rate, High Demand

    Property size:
    16,982 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 16,982 square foot office condominium unit at 1610 Dekalb Avenue in Brooklyn, New York, presents a compelling investment opportunity. Currently operating as an outpatient medical clinic leased to Wyckoff Heights Medical Center, a prominent 350-bed teaching hospital located nearby, this property offers strong, stable income. The lease, expiring at the end of 2028 with a five-year extension option, includes an 8% annual rent increase scheduled for 2025. All three floors are utilized for medical examination rooms and offices. A significant added value is the inclusion of title to seven rooftop terraces situated above residential units. The asking price is $5,650,000, translating to a desirable $333 per square foot. The property's convenient location, half a block from the Dekalb Street L train station, enhances its appeal. Permitted uses are diverse and include educational, cultural, healthcare, medical, arts, non-profit, daycare, childcare, and religious organizations, offering flexibility for future tenants. This Kings County property (zip code 11237) is situated between Wyckoff Avenue and Irving Avenue, ensuring excellent visibility and accessibility.

    Property Features for 1610 Dekalb Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    16,982 SF

    Building Details

    Stories
    3

    HighLights

    • Prime Dekalb Avenue location between Wyckoff and Irving Avenues.
    • Leased to Wyckoff Heights Medical Center, a nearby 350‑bed teaching hospital.
    • Currently operating as an outpatient medical clinic.
    • Three‑story, 16,982 SF office condo includes title to seven rooftop terraces.
    • 8% rent increase scheduled for 2025.
    • Lease expires end of 2028 with a five‑year extension option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wyckoff Medical Arts ... Medical Center Olga Badem, Infectious Disease Physician Carmina Aybar Rodriguez Infectious Disease Physician Jaime Yun Cardiovascular And Thoracic Surgeon Shurovi Jafar Internist

    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
    -73.9194716
    Latitude
    40.7038061

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    FAQs

    What type of property is this?
    Multifamily property - 16,982 SF, 7.28% Cap Rate, High Demand
    Where is this multifamily property located?
    The property is located at 1610 Dekalb Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,650,000.
    What are key features of this property?
    This property features: Prime Dekalb Avenue location between Wyckoff and Irving Avenues.; Leased to Wyckoff Heights Medical Center, a nearby 350-bed teaching hospital.; Currently operating as an outpatient medical clinic.
    Request Owner's contact information
    1610 Dekalb Ave Brooklyn, NY 11237
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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
    1610 Dekalb Ave Brooklyn, NY 11237
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