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421 Ocean Pky

14,913 SF 100% Leased Office Building Brooklyn, NY 11218 $8,499,000 ($570/SF) 6.64% Cap Rate

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.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
14,913 SF
Building Class
C
Year Built
2004
Price
$8,499,000
Price Per SF
$570
Cap Rate
6.64%
NOI
$564,028
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,734 SF
Building FAR
2.63
Lot Size
0.13 AC
Zoning
R7A
Walk Score ®
Very Walkable (85)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05390-0001
Land Assessment
$168,300
Improvements Assessment
$585,900
Total Assessment
$754,200
  • Listing ID: 34275696

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 421 Ocean Pky, Brooklyn, NY 11218

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