1103 Cortelyou Road Unit CF
Brooklyn, NY 11218
- – beds
- 2 baths
- 1,400 sqft
- $821 per sqft
- 2007 build
- – on site
Turnkey medical office condo investment! Located on bustling Cortelyou Road, in the heart of Ditmas Park, this 1,400 sq. ft. property offers a functional layout with four exam rooms, a large open recreational room, a waiting area, two bathrooms, a kitchen, two entrances, and a dedicated storage unit. Approved for medical office or community facility use only, it ensures continued demand from similar tenants. Cortelyou Road is a lively corridor known for its local charm and convenience, surrounded by popular restaurants, cafes, and shops, including Lea''s, Mimi''s Hummus, Madeline''s, Sycamore Bar & Flower Shop, George''s Diner, and the Flatbush Food Co-op. Kings Theater and Newkirk Avenue are also nearby. Commuting is easy with the Q train at Cortelyou Road offering a 35-minute ride to Union Square, and the B/Q trains at Newkirk Plaza providing access to downtown Manhattan in about 40 minutes. The office is fully leased to a well-established physical therapy practice, providing stable rental income and a cap rate of approximately 6%. The tenant pays $6,750 per month, with a 3% rent increase scheduled for August 2025 and subsequent annual increases thereafter. Additionally, the tenant covers real estate taxes, keeping ownership expenses low. Common charges are $873.69 per month for the office space and $41.57 per month for the storage unit. The current lease runs through July 31, 2028, offering long-term security for investors. With stable income, low operating costs, and a prime location in a vibrant neighborhood, this medical office condo presents a compelling investment opportunity. Contact us today for more information!
Last checked:
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Last updated Jan 23, 2025
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MLS# H6306064 —
The Building
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Year Built:2007
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Basement:false
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Architectural Style:Other
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Construction Materials:Other
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Unit Number:CF
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Attic:None
Interior
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Living Area:1400
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Rooms Total:8
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Interior Features:High Ceilings
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Living Area Source:Other
Financial & Terms
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Approval Required:Yes
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Lease Considered:false
The Property
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Parcel Number:05142-1013
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Property Type:Residential
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Property Sub Type:Condominium
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Property Attached:true
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Sprinkler SystemNo
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Additional Parcel:No
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Property Description:Mid Rise
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (917) 406-9075
- Office phone:
- (718) 484-4776
Taxes
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Tax Year:2025
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Tax Source:Municipality
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Tax Annual Amount:14290
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Tax Lot:1013
Baths
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Bathrooms Half:2
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Bathrooms Total:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Utilities:See Remarks
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Water Source:Public
Appliances
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Appliances:Refrigerator
Schools
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High School:Contact Agent
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Elementary School:Contact Agent
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High School District:Brooklyn 22
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Middle School:Contact Agent
The Community
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Association:true
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Seasonal:No
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Senior Community:false
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Additional Fees:No
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Subdivision Name:1103 Cortelyou Road
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Association Fee:915.26
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Association Fee Frequency:Monthly
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Pets Allowed:No Restrictions
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Association Fee Includes:Common Area Maintenance
Parking
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Parking Features:None
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Garage:false
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Carport:false
Monthly cost estimate
Asking price
$1,150,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,157
|
| Taxes | $1,190 |
| Insurance | $316 |
| HOA fees | $915 |
| Utilities | $221 See report |
| Total | $8,799/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/22/25
Jan 22, 2025
|
Listed / Active | ONEKEY | $1,150,000 |
