1616 Voorhies Ave Brooklyn, NY 11235

Property Details for 1616 Voorhies Ave

Year built

1983

Lot size

0.10 lot acres

Property size

4,800 SF

Zone code

R4

Property type

Office buildings

APN

08770-0007

APU

87700007

Description

This exceptional 8,000 square foot commercial lot is situated in the desirable Sheepshead Bay neighborhood of Brooklyn, New York, at 1616 Voorhies Avenue, zip code 11235. The property is listed at $995,000 and offers significant potential for various commercial ventures. Currently housing a well-established and profitable hair salon with a long-term lease (7.5 years remaining with a 5-year option), the property boasts impressive financial performance. The salon generates a total annual income of $480,000 ($40,000 monthly) with low annual expenses of $178,200, resulting in a substantial net income of $301,800 per year. The building features a ceiling height ranging from 11 to 15 feet. The property's convenient location is a key asset, being just half a block from the Sheepshead Bay train station, and in close proximity to the Sheepshead Bay Road shopping center, numerous restaurants, and Emmons Avenue. This presents a unique opportunity to acquire a high-performing commercial property in a thriving Brooklyn location. The lot size is 8,000 square feet, with a total building square footage of 6,400 square feet. This property is ideal for investors seeking a strong return on investment in a prime commercial area.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9523

Latitude

40.5856

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments