Property profile

8746 20Th Ave Brooklyn, NY 11214

FOR LEASE
Office buildings
Property ID
US63-6227587
16,489 SF 0.08 ac lot Built 2008
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, constructed in 2018, offers a unique blend of modern design and functionality. Located in the heart of Bensonhurst, this single-tenant property boasts 5,450 square feet of vacant space, divisible into three floors. Each floor is easily accessible via elevator and features high ceilings and central air conditioning, creating a comfortable and productive work environment. The building's prime location offers convenient access to Belt Parkway, enhancing its appeal for businesses needing easy transportation links. The interior and exterior showcase unique architectural designs, setting it apart from typical office spaces. Suitable for a variety of businesses, this property is ideal for companies seeking a professional and modern setting, whether expanding or establishing a new presence. The zoning is R5, C1-2. The building includes a second floor and lower level office space. Handicap accessibility is ensured throughout the building. This is a rare opportunity to secure a high-quality, newly built office space in a thriving neighborhood.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Total area 16,489 SF
Lot 0.08 ac (3,333 SF)
Zoning code R5
APN 06408-0044
UPID US63-6227587

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
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • High School
  • Physician

Location

8746 20Th Ave Brooklyn, NY 11214
Brooklyn metro Census 28200 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.86M

Owner & transaction history

since 2019
7 recorded transactions
2020
Price N/A
2019
$4.5M
2017
Price N/A
2016
Price N/A
2016
$1.9M
2005
$675,500
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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