1617 Avenue M, Brooklyn, NY 11230
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.