Address
1523 Voorhies Avenue, Brooklyn, NY
Price
$ 8,100,000
Property Attributes
  • MLS#500421
  • TypeCommercial
  • Listing Status Active
  • CountyKINGS
  • CityBrooklyn
  • AreaBrooklyn
  • NeighborhoodSheepshead Bay
  • Zip11235
  • StyleOffice
  • Year Built2000
  • Taxes$ 133000
  • Price$ 8,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18858
  • Lot Size0.082645 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description

Five-story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use. The property features a beautifully maintained interior with high-quality finishes, extensive built-in cabinetry, and a welcoming, well-appointed lobby. All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal. This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location.

Price History
4/20/2026 Listed $8,100,000

General Features

Net Operating Income 524290.00
Ceiling Height 8-10 Foot
Roof Flat
current use Health Care,Office,Other
Zoning C4-2
Stories Count 5
Property Type Commercial
Block 7459
Cap Rate 0.06
Lot Number 156
Yearly Taxes 133000.00
Transaction Type Sale
Miscellaneous Expense 6000.00
Insurance Expense 64000.00
Utility Expense 11986.00
Gross Expense 262000.00
Financing 1031 Exchange,Assumption,Bank Mortgage
Building Type Attached
Gross Income 786290
Status Active
Fuel Expense 1980.00
Construction Materials Block
Cumulative Days on Market 149
MLS Area Sheepshead Bay
Sub Type Office
Year Built 2000
City Brooklyn
Borough Brooklyn
Number Of Stores 5
DOM 149
Sale Type Arm's Length
Public Remarks Five-story commercial building located in a prime central area of Sheepshead Bay,currently configured for medical and professional office use. The property features a beautifully maintained interior

Interior Features

Walls Sheet Rock
Unit Count 5
Sq Ft Total 18858
AC Units 5+
Lavatories Unknown
Basement Amenities Cellar,Partial
Commercial Features Exterior Doors - 10 ft and under,Other
Commercial Features Interior Elevator – Passenger

Exterior Features

Lot Dimensions 3600
Potential Use Office,Other
Foundation Poured Concrete
Lot Sq Ft 3600
Loading Docks Other
Building Length 100.00
Building Width 36.00
Property Panorama YN Yes
Lot Size Length 100
Lot Size Width 36
Parking Attrib 2 Spaces

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11235

Price
AVG $790K
$8.1M
Taxes
AVG $71,692
$133,000
Year Built
AVG 1964
2000
Visits
AVG 77
59
Data Provided by Inside Real Estate®
Fair Housing Icon NY Fair Housing Notice