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Narrows Professional Building 9920-9922 4th Ave
45,000 SF 81% Leased Office Building Brooklyn, NY 11209 £12,327,024 (£274/SF) 5.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corner Building with Exposure
- Indoor & Outdoor Parking
- On Site Property Manager
- Two New Elevators
- Close to Major Transportation
- Retail & Office Tenants
EXECUTIVE SUMMARY
45,000 SF spanning across three floors, 40 Indoor Parking spaces in a Heated Garage with elevator access, 13 Outdoor Parking spaces, dedicated HVAC systems per unit, 2 Newly upgraded elevators, and a full time on site property manager. Some Major Tenants include Mass Mutual, Jag One Physical Therapy, Colonial Pharmacy, PRO Health, and many more.
Ideally located with easy Access from the Belt Parkway, Verrazano Bridge, Brooklyn-Queens Expressway, R-Train, and Local & Express Buses to NYC
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£1,503,359
|
£33.41
|
| Other Income |
£12,168
|
£0.27
|
| Vacancy Loss |
£75,168
|
£1.67
|
| Effective Gross Income |
£1,440,360
|
£32.01
|
| Taxes |
£385,769
|
£8.57
|
| Operating Expenses |
£413,631
|
£9.19
|
| Total Expenses |
£799,400
|
£17.76
|
| Net Operating Income |
£640,959
|
£14.24
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £1,503,359 |
| Annual Per SF | £33.41 |
| Other Income | |
|---|---|
| Annual | £12,168 |
| Annual Per SF | £0.27 |
| Vacancy Loss | |
|---|---|
| Annual | £75,168 |
| Annual Per SF | £1.67 |
| Effective Gross Income | |
|---|---|
| Annual | £1,440,360 |
| Annual Per SF | £32.01 |
| Taxes | |
|---|---|
| Annual | £385,769 |
| Annual Per SF | £8.57 |
| Operating Expenses | |
|---|---|
| Annual | £413,631 |
| Annual Per SF | £9.19 |
| Total Expenses | |
|---|---|
| Annual | £799,400 |
| Annual Per SF | £17.76 |
| Net Operating Income | |
|---|---|
| Annual | £640,959 |
| Annual Per SF | £14.24 |
PROPERTY FACTS
AMENITIES
- Bus Route
- Courtyard
- Fenced Lot
- Property Manager on Site
- Signage
- Reception
- Natural Light
- Suspended Ceilings
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
SECOND FLOOR PROFESSIONAL OFFICE SUITE AVAILABLE!! 5 OFFICE/EXAM ROOMS, STAFF ROOM, WAITING AREA WITH RECEPTION, PRIVATE RESTROOM, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
FANTASTIC OPPORTUNITY TO EXPAND YOUR BUSINESS IN THE GREATER BAY RIDGE COMMUNITY!!!!!! PROFESSIONAL 4,250 SF CORNER OFFICE AVAILABLE ON THE 2ND FLOOR OF ELEVATOR BUILDING. FEATURES A MODERN RECEPTION, 4 EXECUTIVE OFFICES ALL WITH WINDOWS FACING 4TH AVENUE, A LARGE CONFERENCE ROOM, TRAINING ROOM, 20 FULL SIZE CUBICLES, FILING CABINETS, AND EXECUTIVE DESKS. FULL KITCHEN, PANTRY, FILING ROOM, AND 4 PARKING SPACES IN THE GARAGE. NEW HVAC. FULLY FURNISHED AND MOVE IN READY. PREVIOUSLY OCCUPIED BY A MAJOR INSURANCE COMPANY! CONTACT BROKER FOR ALL DETAILS! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
PROFESSIONAL OFFICE SUITE AVAILABLE IN ELEVATOR BUILDING. 4 PRIVATE OFFICES, RECEPTION, LARGE WAITING AREA, 1 RESTROOM, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
PROFESSIONAL OFFICE SUITE AVAILABLE IN ELEVATOR BUILDING. 4 PRIVATE OFFICES, RECEPTION, LARGE WAITING AREA, 2 RESTROOMS, KITCHENETTE, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 203 | 1,850 SF | Office/Medical | - | Now |
| 2nd Fl-Ste 210 | 4,250 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 303 | 1,160 SF | Office/Medical | - | Now |
| 3rd Fl-Ste 313 | 1,348 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste 203
| Size |
| 1,850 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 4,250 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 1,160 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 313
| Size |
| 1,348 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size | 1,850 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
SECOND FLOOR PROFESSIONAL OFFICE SUITE AVAILABLE!! 5 OFFICE/EXAM ROOMS, STAFF ROOM, WAITING AREA WITH RECEPTION, PRIVATE RESTROOM, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
2nd Fl-Ste 210
| Size | 4,250 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
FANTASTIC OPPORTUNITY TO EXPAND YOUR BUSINESS IN THE GREATER BAY RIDGE COMMUNITY!!!!!! PROFESSIONAL 4,250 SF CORNER OFFICE AVAILABLE ON THE 2ND FLOOR OF ELEVATOR BUILDING. FEATURES A MODERN RECEPTION, 4 EXECUTIVE OFFICES ALL WITH WINDOWS FACING 4TH AVENUE, A LARGE CONFERENCE ROOM, TRAINING ROOM, 20 FULL SIZE CUBICLES, FILING CABINETS, AND EXECUTIVE DESKS. FULL KITCHEN, PANTRY, FILING ROOM, AND 4 PARKING SPACES IN THE GARAGE. NEW HVAC. FULLY FURNISHED AND MOVE IN READY. PREVIOUSLY OCCUPIED BY A MAJOR INSURANCE COMPANY! CONTACT BROKER FOR ALL DETAILS! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
3rd Fl-Ste 303
| Size | 1,160 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
PROFESSIONAL OFFICE SUITE AVAILABLE IN ELEVATOR BUILDING. 4 PRIVATE OFFICES, RECEPTION, LARGE WAITING AREA, 1 RESTROOM, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
3rd Fl-Ste 313
| Size | 1,348 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
PROFESSIONAL OFFICE SUITE AVAILABLE IN ELEVATOR BUILDING. 4 PRIVATE OFFICES, RECEPTION, LARGE WAITING AREA, 2 RESTROOMS, KITCHENETTE, COMES WITH INDOOR PARKING! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
PROPERTY TAXES
| Parcel Number | 06134-0028 | Total Assessment | £3,609,591 |
| Land Assessment | £440,194 | Annual Taxes | £385,769 (£8.57/sf) |
| Improvements Assessment | £3,169,397 | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Narrows Professional Building | 9920-9922 4th Ave
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