Property profile

1617 Avenue M Brooklyn, NY 11230

OFF-MARKET
Retail properties & Spaces
10,318 SF
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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

Location

1617 Avenue M Brooklyn, NY 11230
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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