1610 Dekalb Ave COM, Brooklyn, NY 11237-4190
This exceptional three-story, 16,982 square foot office condominium unit at 1610 Dekalb Avenue in Brooklyn, New York, presents a compelling investment opportunity. Currently operating as an outpatient medical clinic leased to Wyckoff Heights Medical Center, a prominent 350-bed teaching hospital located nearby, this property offers strong, stable income. The lease, expiring at the end of 2028 with a five-year extension option, includes an 8% annual rent increase scheduled for 2025. All three floors are utilized for medical examination rooms and offices. A significant added value is the inclusion of title to seven rooftop terraces situated above residential units. The asking price is $5,650,000, translating to a desirable $333 per square foot. The property's convenient location, half a block from the Dekalb Street L train station, enhances its appeal. Permitted uses are diverse and include educational, cultural, healthcare, medical, arts, non-profit, daycare, childcare, and religious organizations, offering flexibility for future tenants. This Kings County property (zip code 11237) is situated between Wyckoff Avenue and Irving Avenue, ensuring excellent visibility and accessibility.
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Wyckoff Medical Arts Building Medical Clinic
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Olga Badem, Physician
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Carmina Aybar Rodriguez Physician
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Jaime Yun Physician
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Shurovi Jafar Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
R6 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
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.