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  • 2116 Avenue P
  • $ 2,500,000
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229

2116 Avenue P

Madison   |   East 21st St & East 22nd St

Building for sale
$ 2,500,000
Ownership Commercial
Lot Size 40'x100'
Status Active
Real Estate Taxes [Per Annum] $ 39,203
Building Size 21'x85'
Year Built 1950
ASF/ASM 6,900/641
 

Photos

2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229

Maria Castellano

License

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
2116 Avenue P Madison Brooklyn NY 11229

Property Description

Medical Office on 40x100 lot in R7A Zonning, cleanest and most well-kept medical facility you will ever find. It produces 6.7% Annual Cap Rate! 3 story building. Size of the building is 21’ x 85’, plus additional, attached construction on right side of back of the building (see photos). The 1st level and lower level are 2,700 sq ft each. 2nd level is 1,300 sq ft. Total is 6,900 sq ft of offices space. High tech, modern Medical facility that has some of Brooklyn's top Docs, diagnostics lab and a rehab center on site. Most doctors (tenants) gave been there for over 10 years. Lower level has its own entrance, a waiting room/reception area, 7 exam rooms, 3 offices, 3 bathrooms, 3 pantries, 1 physical therapy room, wheelchair accessible. Single wheelchair elevator. Current rental income from lower level approximately $4,500/mo 1st level has 2 entrances, 2 waiting rooms/reception areas, 2 offices plus 4 exam rooms on 1 side, and 2 offices plus 3 exam rooms on the other side, there is also a blood draw lab. Single Wheelchair elevator. $12,500/mo rental income from 1st level. 3rd level is approx 1,300 sf office currently a corporate RX office currently rented at $2300/mo No leases. All tenants are monthly/some occupy the premises just a few days a week. There are currently about 12 practices total in the building not including the owner. Rent collected is from $18k to $20k per month. Average early rent is $220k + seller would stay and pay additional 36k per year rent for 1200 sq ft on the 1st level. There is also more room for additional tenants as well. You can park 2-3 cars in front of the building, but they are not official parking spaces. Expenses: Insurance 7000, Taxes 39000, Water 2000, Gas 2000, Electricity 18000, Cleaning service 18000, Elevator service 1200. Rental Income 256k - 87,200 expenses = $168,800 Net Income 6.7% Cap Rate
Medical Office on 40x100 lot in R7A Zonning, cleanest and most well-kept medical facility you will ever find. It produces 6.7% Annual Cap Rate! 3 story building. Size of the building is 21’ x 85’, plus additional, attached construction on right side of back of the building (see photos). The 1st level and lower level are 2,700 sq ft each. 2nd level is 1,300 sq ft. Total is 6,900 sq ft of offices space. High tech, modern Medical facility that has some of Brooklyn's top Docs, diagnostics lab and a rehab center on site. Most doctors (tenants) gave been there for over 10 years. Lower level has its own entrance, a waiting room/reception area, 7 exam rooms, 3 offices, 3 bathrooms, 3 pantries, 1 physical therapy room, wheelchair accessible. Single wheelchair elevator. Current rental income from lower level approximately $4,500/mo 1st level has 2 entrances, 2 waiting rooms/reception areas, 2 offices plus 4 exam rooms on 1 side, and 2 offices plus 3 exam rooms on the other side, there is also a blood draw lab. Single Wheelchair elevator. $12,500/mo rental income from 1st level. 3rd level is approx 1,300 sf office currently a corporate RX office currently rented at $2300/mo No leases. All tenants are monthly/some occupy the premises just a few days a week. There are currently about 12 practices total in the building not including the owner. Rent collected is from $18k to $20k per month. Average early rent is $220k + seller would stay and pay additional 36k per year rent for 1200 sq ft on the 1st level. There is also more room for additional tenants as well. You can park 2-3 cars in front of the building, but they are not official parking spaces. Expenses: Insurance 7000, Taxes 39000, Water 2000, Gas 2000, Electricity 18000, Cleaning service 18000, Elevator service 1200. Rental Income 256k - 87,200 expenses = $168,800 Net Income 6.7% Cap Rate

Listing Courtesy of RE/MAX Edge

Maria Castellano

License

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Private Entrance
Walk-in Closet
2116 Avenue P Madison Brooklyn NY 11229
2116 Avenue P Madison Brooklyn NY 11229

Building Details [2116 Avenue P]

Ownership Commercial
Block/Lot 6784/7
Building Size 21'x85'
Zoning R7A
Year Built 1950
Floors 3
Lot Size 40'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
© 2021 by Brooklyn 4U.  All Rights Reserved
5910 Avenue N, Brooklyn, NY 11234 | 718-968-4444
7505 13th Avenue, Brooklyn, NY 11228 | 718-236-1800
mcastellano@b4uhomes.com
Fair Housing
Built With OLR
7505 13th Avenue, Brooklyn, NY 11228
T:   718-236-1800   |   Email:   mcastellano@b4uhomes.com