Active

571 Ocean Parkway

Kensington (Brooklyn) NY, 11218

$15,388,000


$627.83 per sqft

Active

24,510 sqft

Commercial

Built in 2023

Calling All Investors, Developers & End-Users!!! Brand New 100% Occupied 30 Unit Mixed-Use Building In Kensington For Sale!!! The Building Features Excellent Signage, Great Exposure, 1 Medical Office, 18 Parking Spaces, High 10' Ceilings, Strong R7A Zoning, Elevator, Motion Sensor Lights, Sprinklers, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Kensington In Between Church Ave. & Foster Ave., Just Minutes From Prospect Park Lake!!! Neighbors Include UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, Planet Fitness, Blink Fitness, Taco Bell, McDonald's, Meineke Car Care, Aldi +++!!! The Building Was Built In 2023!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: Medical Office: $30,000 Ann. Unit 1A: $42,240 Ann. Unit 2A: $29,355 Ann. Unit 2B: $34,440 Ann. Unit 2C: $34,440 Ann. Unit 2D: $29,412 Ann. Unit 3A: $35,559 Ann. Unit 3B: $35,473.20 Ann. Unit 3C: $29,412 Ann. Unit 3D: $29,426.16 Ann. Unit 4A: $29,355 Ann. Unit 4B: $28,500 Ann. Unit 4C: $35,473.20 Ann. Unit 4D: $35,552.28 Ann. Unit 5A: $35,569.56 Ann. Unit 5B: $29,412 Ann. Unit 5C: $28,500 Ann. Unit 5D: $35,552.28 Ann. Unit 6A: $29,412 Ann. Unit 6B: $34,200 Ann. Unit 6C: $36,153 Ann. Unit 6D: $37,487.88 Ann. Unit 7A: $37,044 Ann. Unit 7B: $36,731.04 Ann. Unit 7C: $36,820.44 Ann. Unit 7D: $37,044 Ann. Unit 8A: $35,485.56 Ann. Unit 8B: $36,396 Ann. Unit 8C: $37,487.88 Ann. Unit 8D: $35,485.56 Ann. Gross Income: $1,017,419.04 Ann. Expenses: Utilities: $21,823 Ann. Maintenance & Repairs: $5,113 Ann. Management: $3,200 Ann. Insurance: $12,053 Ann. Taxes: $7,533 Ann. Total Expenses: $49,722 Ann. Net Operating Income (NOI): $967,697.04 Ann.

L3588915

MLS ID

November 1, 2024

Listed

December 9, 2024

Updated

Map

571 Ocean Parkway
Kensington (Brooklyn) NY, 11218

Interior Features

Total Stories

8


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.13 Acres

Other Property Details

Taxes

$7,533


Tax Frequency

Annually


Days on Market

33


Garage

No


Parking Total

18


View

No


County

Kings (Brooklyn)


Pool

No


Zoning

R7A

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Connelly Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:39 PM UTC, 12/9/2024

  

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