702 Ocean PkwyBrooklyn, NY 11230

For Sale
$429,000

Brooklyn Medical Office, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
96
This 1,561 square foot commercial condo unit, located at 702 Ocean Parkway 1B in Brooklyn, NY 11230, presents a unique investment opportunity. Priced at $429,000, this short sale duplex unit requires third-party approval. The property features a street-level entrance leading to a reception area, five individual offices, and two bathrooms. The lower level offers additional space, including a kitchen and storage area. Currently in excellent condition, the unit boasts ceramic flooring and individual split units in each room. A month-to-month tenant is in place, but the property can be sold vacant. The building is an eight-story structure situated on a 5,204 square foot lot. The unit's ceiling height ranges from 8 to 10 feet. The flexible zoning allows for potential conversion to a residential apartment, significantly increasing its investment potential. This property offers a compelling combination of existing income potential and future development possibilities. Serious inquiries only.

Highlights

  • $429,000 asking price.
  • 1,561 square foot office/special purpose condo.
  • Located at 702 Ocean Parkway 1B, Brooklyn, NY 11230.
  • One unit in an eight-story building.
  • 5,204 square foot lot.
  • 8-10 foot ceiling height.

Property Details for 702 Ocean Pkwy

Property type
Other specialty properties, Other office properties
Square Feet
1,561 SF
Stories
8
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6310935
Longitude
-73.9723541
702 Ocean Pkwy, Brooklyn, New York

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702 Ocean Pkwy
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