Occupied Office Building with Strong Cash Flow - Below Replacement Costs
$23,000,000
20 Grand Avenue, Brooklyn, NY 11205
For Sale
Office
Building
Active
Last Updated: 01/25/2025
1,421,035
NOI
92,856 sqft
Building Size
Details:
NOI: $1,421,035
Building Size: 92,856 sqft
Lot Area: 17,467 sqft
Occupancy: 93%
Floors: 7
Investment Strategy: Value Add
Highlights:
- Located on the west side of Grand Avenue between Flushing and Park Avenues
- Comprised of 64 units: 62 commercial tenants, and 2 residential lofts. >93% occupancy
- Below-market rents offer investors a prime value-add opportunity to unlock upside potential
- Below replacement costs
- NOI: $1,421,035
- Five minute walk to Brooklyn Navy Yard
- Easy access to the Brooklyn Queens Expressway entrance, providing access to Manhattan in under 10 minutes
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Location
Gallery
