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.
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.
Property Details
Price:
$8,700,000
MLS #:
500421
Status:
Active
Baths:
0
Type:
Commercial
Subtype:
Office
Borough:
Brooklyn
Neighborhood:
sheepsheadbay
Listed Date:
Apr 20, 2026
Finished Sq Ft:
18,858
Year Built:
2000
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address1523 Voorhies Avenue Brooklyn NY
- NeighborhoodSheepshead Bay
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11235
Market Summary
Current real estate data for Commercial in Brooklyn as of Apr 21, 2026
153
Commercial Listed
142
Avg DOM
611
Avg $ / SqFt
$1,868,402
Avg List Price
Property Summary
- 1523 Voorhies Avenue Brooklyn NY is a Commercial for sale in Brooklyn, NY, 11235. It is listed for $8,700,000
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