![[Sheepshead Bay Real Estate, listing number 3337268]](https://www.vlshomes.com/images/full/3337268a.jpg)
| Description: 3337268 | |
| Five-story commercial building located in a prime central area of Sheepshead Bay, currently configured for medical and professional office use. The property features a beautifully maintained interior with high-quality finishes, extensive built-in cabinetry, and a welcoming, well-appointed lobby. All building systems are in excellent working condition, ensuring seamless day-to-day operations for tenants. The property is fully utilized and generates strong, stable income, with a projected cap rate of approximately 7%. Additionally, the sale includes an assumable $5M mortgage at an attractive 3.78% interest rate, significantly enhancing the investment appeal. This is a rare investment opportunity offering both immediate cash flow and long-term value in a highly desirable location. | |
Details: |
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| Property Type: | Office | |
| Lot Size: | 3600 | |
| Built: | 2000 | |
Financials: |
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| Price: | $8,700,000 | |
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