Property profile

2516 Neptune Ave 2528 Brooklyn, NY 11224

OFF-MARKET
Medical Office Space
Property ID
US63-1595627
4,200 SF 0.28 ac lot Built 1936
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,600 square foot industrial space, located in Kings County on a 12,000 square foot lot, presents a unique opportunity for a variety of businesses. Situated on the corner of W 27th St, this single-story building boasts a 13-foot ceiling height, providing ample vertical space. The property underwent a complete renovation in 2024, ensuring modern and efficient functionality. The space is currently vacant and ready for immediate occupancy. Features include heating and air conditioning, men's and women's restrooms, and windows in most offices. Ample parking is available with 50 secured spaces in the on-site lot. The property's versatile design makes it ideal for a wide range of uses, including medical centers, banks, retail establishments, rehabilitation centers, care facilities, gyms, schools, or general office space. The APN is 07013-0001. This prime Coney Island location offers excellent visibility and accessibility. Don't miss this chance to secure this exceptional industrial property.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1936
Total area 4,200 SF
Lot 0.28 ac (12,000 SF)
Zoning code R5
APN 07013-0001
UPID US63-1595627

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
  • Travel Agency Tour Operator
  • Adult Day Care

Location

2516 Neptune Ave, Unit 2528 Brooklyn, NY 11224-2317
Brooklyn metro Census 32800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.66M

Owner & transaction history

since 2023
Last sale
$2.7M
3 recorded transactions
2023
$2.7M
2017
Price N/A
2015
$1.1M

Zoning & alternative use

R5 · Brooklyn, NY

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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