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    OFF-MARKET
    Retail properties & Spaces

    1617 Avenue M, Brooklyn, NY 11230

    10,318 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 10,318 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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