421 Ocean Pky
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421 Ocean Pky
14,913 SF 100% Leased Office Building Brooklyn, NY 11218 £6,780,927 (£455/SF) 6.64% Net Initial Yield
Investment Highlights
- Mixed-Use Professional Office Building for Sale
- Central HVAC | ADA Compliant
- Corner Building in High Traffic Area
- Constructed in 2004 | Elevator Building
- Multiple Parking Spots
- Steps from Public Transportation
Executive Summary
Presenting a rare investment opportunity in the heart of Kensington, this 100% occupied mixed-use professional office building offers exceptional value in a prime location. Constructed in 2004, the property boasts modern amenities, including central HVAC, full ADA compliance, and an elevator, ensuring accessibility and comfort for tenants and visitors alike. Situated on a prominent corner in a high-traffic area, the building enjoys excellent visibility and is steps away from public transportation, making it an attractive choice for businesses and clientele.
This well-maintained building features Class A tenants on NNN leases, providing stable and reliable income for investors. With multiple parking spots and additional buildable air rights of 8,108 square feet, the property offers future development potential, enhancing its long-term value. Its strategic location and professional tenant base make this an unparalleled opportunity for discerning investors seeking a high-quality asset in Brooklyn's thriving Kensington neighborhood. For more information or to arrange a private tour, please contact the listing agent.
This well-maintained building features Class A tenants on NNN leases, providing stable and reliable income for investors. With multiple parking spots and additional buildable air rights of 8,108 square feet, the property offers future development potential, enhancing its long-term value. Its strategic location and professional tenant base make this an unparalleled opportunity for discerning investors seeking a high-quality asset in Brooklyn's thriving Kensington neighborhood. For more information or to arrange a private tour, please contact the listing agent.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,913 SF
Building Class
C
Year Built
2004
Price
£6,780,927
Price Per SF
£455
Net Initial Yield
6.64%
NOI
£450,010
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,734 SF
Building FAR
2.63
Lot Size
0.13 AC
Zoning
R7A
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Walk Score ®
Very Walkable (85)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
Parcel Number | 05390-0001 | Improvements Assessment | £467,460 |
Land Assessment | £134,278 | Total Assessment | £601,738 |
PROPERTY TAXES
Parcel Number
05390-0001
Land Assessment
£134,278
Improvements Assessment
£467,460
Total Assessment
£601,738
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421 Ocean Pky
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