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Property profile & analytics
FOR SALE
Office buildings

423 39Th St Brooklyn, NY 11232

8,000 SF 0.05 ac lot Built 2008
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US63-6217831
Property summary
AI-generated overview

This Class A, four-story office building (8,000 square feet) in Brooklyn, NY, is 100% vacant and ready for immediate occupancy. Built in 2008, the property features four units totaling 8,000 net rentable square feet, with a ground floor of approximately 1,600 square feet, two 2,000 square foot floors, and a 1,600 square foot top floor, each with its own unique layout. Additionally, there is an 800 square foot basement. The building also includes two terraces. The property sits on a 2,200 square foot lot and is zoned M1-2, offering versatility for a range of uses. Ideal for an end-user or investor seeking a value-add opportunity, the building requires cosmetic upgrades. Its prime location in Brooklyn makes it suitable for various purposes, including non-profit organizations, schools, daycare centers, senior centers, or medical facilities. The building is equipped with an elevator, enhancing accessibility. The vacant status presents a unique chance to customize the space to meet specific needs. This is a rare opportunity to acquire a well-located, multi-unit office building in a thriving Brooklyn neighborhood. The property's size and zoning provide significant flexibility for future development or adaptation. The building's existing infrastructure, including the elevator, provides a solid foundation for immediate occupancy and future improvements.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Total area 8,000 SF
Lot 0.05 ac (2,204 SF)
Zoning code M1-2
APN 00705-0067
UPID US63-6217831
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Turning Point Discipleship Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.24M
Owner & transaction history
Anon Properties LLC · 14 yrs held
Anon Properties LLC
since 2012
4 recorded transactions
2012
$1.6M
2010
Price N/A
2007
$430,000
1969
Price N/A
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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