Property profile

2150 Mill Ave Brooklyn, NY 11234

OFF-MARKET
Retail properties & Spaces
63,000 SF
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Property summary

AI-generated overview

This exceptional six-story, 63,000 square foot building presents a unique investment opportunity in Brooklyn's Mill Basin. The property boasts a prime waterfront location and comprises a main building (56,515 square feet) and an accessory building (6,046 square feet). The main building features a ground floor reception area, medical offices, a large kitchen with cafeteria, and three separate dining halls, one with partitions for private events. Floors two through six offer 21 units per floor, each consisting of one- and two-bedroom apartments, along with four to five companion suites per floor. This configuration is ideal for an assisted living facility, currently housing 190 beds. The accessory building includes a recreation area, movie theater, beauty salon, mezzanine storage, and a second floor with offices, a conference room, laundry facilities, and a break room. The building is equipped with a backup generator and solar panels on the roof, enhancing both functionality and sustainability. This mixed-use property offers a blend of medical office space and residential units, creating a strong potential for diverse income streams and long-term value appreciation. The property's size, amenities, and location make it an attractive investment for a variety of buyers.

Property profile

Verified
Property type Retail properties & Spaces
Total area 63,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store
  • Car Dealership

Location

2150 Mill Ave Brooklyn, NY 11234
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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