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Property profile & analytics
OFF-MARKET
Specialty properties

587 Kings Hwy Brooklyn, NY 11223

5,806 SF
Property ID
Property summary
AI-generated overview

This exceptional commercial condo at 587 Kings Highway, Brooklyn, NY 11223, offers 5,806 square feet of meticulously designed space, ideally suited for a variety of uses. Currently configured as a fully built-out medical facility, the property boasts two units spanning five stories. The main floor (2,424 sq ft) features floor-to-ceiling windows, a welcoming reception area, a spacious waiting room, six individual rooms, a large conference room, two restrooms, a kitchenette, and ample storage. The lower level (3,406 sq ft) provides an expansive layout with nineteen rooms, a reception area, private offices, a substantial waiting area, and three restrooms. The building includes two dedicated elevators servicing these two floors, enhancing convenience and accessibility. Four private parking spaces are included. The property benefits from a sprinkler system, central HVAC, and a security system. Located on the corner of Ocean Parkway and Kings Highway, this high-visibility location offers excellent frontage and is conveniently close to public transportation, shopping, and all neighborhood amenities. The asking price is $2,750,000. The lot size is 5,688 square feet, and ceiling heights range from 8 to 10 feet. This is a rare opportunity to acquire a well-appointed, turnkey commercial property in a thriving Brooklyn location.

Property profile
Verified
Property type Specialty properties
Total area 5,806 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Samuel L. Miller, MD Ophthalmologist
  • Adelina Volis, OD Physician
  • Maya Filshtinskaya, OD Physician
  • Kings Highway Condominium Corporation Condominium Complex
  • N Y Eye Associates Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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