65 Maspeth Ave Brooklyn, NY 11211-2569
- Retail residential properties
- 28,430 SF
- 0.11 lot acres
Current Use by Public Records
- CAY Community Services Organization / Social Service Agency / Charitable Organization
- Alexander Kordonsky Dds / Dental Office
- Sam Mariani, LMT / Alternative Medicine Practice
Property Details for 65 Maspeth Ave
- Year built
- 2004
- Lot size
- 0.11 lot acres
- Property size
- 28,430 SF
- Zone code
- R6A
- Property type
- Retail residential properties
- APN
- 02893-0042
- APU
- 28930042
Description
This exceptional 4,500 square foot office space, located on the second floor of a seven-story building at 65 Maspeth Ave, Brooklyn, NY 11211, offers a versatile and fully built-out environment. Situated in the vibrant Williamsburg submarket of Kings County, this property boasts a prime location with convenient access to Kingsland Ave. Built in 2004 and renovated in 2018, the space features private offices, restrooms, a comfortable lounge, reception area, waiting area, and conference rooms. The building is elevator accessible and ADA compliant, ensuring ease of access for all. A central HVAC system maintains a comfortable climate year-round. The property includes one dedicated parking space directly in front of the building. The entire building encompasses 28,430 square feet, situated on 0.1 acres of land. The building is zoned R6. Property taxes are $0.38 per square foot. This space is ideal for a variety of uses, including coworking, medical offices, traditional offices, executive suites, and creative office spaces. The property features one building with seven stories and is conveniently located near public transportation. The APN is 02893-0042.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $13,490,000
- ML approach
- $9,410,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $17,200,000
- 6.5%
- $15,875,000
- 7%
- $14,745,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,020,000
Market price range: $11.4M - $27.3M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $19,130,000 Current use
- AUTO REPAIR, GARAGE
- $22,590,000 Change: +18% Conversion: Difficult
- RETAIL STORES
- $21,895,000 Change: +14% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $16,135,000 Change: -16% Conversion: Moderate
- OFFICE BUILDING
- $15,650,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9405
- Latitude
- 40.7159
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA