423 39Th St Brooklyn, NY 11232
For Sale
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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.
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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
M1-2 · 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.