150 Ocean Pkwy
35,164 SF 100% Leased Office Building Brooklyn, NY 11218 $6,489,000 CAD ($184.54 CAD/SF) 7.76% Cap Rate
INVESTMENT HIGHLIGHTS
- high cap rate
- prime location
- stable cash flow
- fully occupied
EXECUTIVE SUMMARY
This fully occupied 9,820 SF office/medical condo presents a rare investment opportunity in Kensington, Brooklyn. Generating a stable Net Operating Income (NOI) of $349,420 with an attractive 7,7%+ cap rate, this property offers investors strong financial returns in a high-demand location.
Key Investment Highlights:
? Property Type: Office/Medical Condo
? Total Unit Size: 9,820 SF
? Parking Spaces: 6
? NOI: $349,420
? Cap Rate: 7,76%
? Asking Price: $4,500,000
? Year Built: 2002
? Occupancy: 100%
Investment Advantages:
? High Yield Opportunity – Strong 7,76% cap rate ensures attractive returns.
? Stable Cash Flow – Fully leased with an NOI of $349,420.
? Prime Location – Located in Kensington, Brooklyn, a sought-after area for office and medical tenants.
? Rare Offering – 8-unit commercial condo at the base of a 27-unit residential building.
Key Investment Highlights:
? Property Type: Office/Medical Condo
? Total Unit Size: 9,820 SF
? Parking Spaces: 6
? NOI: $349,420
? Cap Rate: 7,76%
? Asking Price: $4,500,000
? Year Built: 2002
? Occupancy: 100%
Investment Advantages:
? High Yield Opportunity – Strong 7,76% cap rate ensures attractive returns.
? Stable Cash Flow – Fully leased with an NOI of $349,420.
? Prime Location – Located in Kensington, Brooklyn, a sought-after area for office and medical tenants.
? Rare Offering – 8-unit commercial condo at the base of a 27-unit residential building.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
35,164 SF
Building Class
B
Year Built
2002
Price
$6,489,000 CAD
Price Per SF
$184.54 CAD
Cap Rate
7.76%
NOI
$503,864 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
5,861 SF
Building FAR
2.78
Lot Size
0.29 AC
Zoning
C4-2 - community facility uses
Parking
6 Spaces (0.17 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 05328-1001 | Improvements Assessment | $879,982 CAD |
| Land Assessment | $26,728 CAD | Total Assessment | $906,710 CAD |
