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For SaleLuxury

$8,100,000

165 days on market

1523 Voorhies Avenue

Brooklyn, NY 11235

· 8% down, 7% APR, 30yr fixed

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Listing narrative

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.

Listing agent (MLS): Albert Y. Taye · Listing brokerage (MLS): RE/MAX Edge

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$8,100,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Office

Home Size

Sqft n/a

Baths

Baths n/a

Year

Year n/a

Status

For Sale

Days on Market

165

· 8% down, 7% APR, 30yr fixed
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Courtesy of RE/MAX Edge