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Located at 1103 Cortelyou Road, Brooklyn, New York 11218, Ditmas Park neighborhood, this Condominium is for Sale with a price of $1,000,000 USD. The property and 1 partial baths. This listing has 1,400 Sq.Ft. of interior space. See all Homes for Sale in Ditmas Park.
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1. 1103 Cortelyou Road
1. 1103 Cortelyou Road
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BrooklynDitmas Park1103 Cortelyou Road

Description

1103 Cortelyou Road,

355 STRATFORD ROAD, #CF, Brooklyn, NY 11218

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 6.6%. 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!

Amenities

  • Dining Area
  • Air Conditioning
  • Pets Allowed
Listing By: Poljan Properties via Data Source: RealPlus MLS 
1
Partial Bath
8
Total rooms
$1,000,000
price
$714
Price Per Sqft
$915
Monthly Fees
$10,983
Anual Fees
$14,292
Annual taxes
Condominium
Property type
New York City Department Of Education
School District
7308570
Web Id
887-9779455
MLS ID
488
Days Posted

Price History

datepricevariancetype
4/7/2025$1,000,000 13.04 %decreased
1/21/2025$1,150,000-Listed
1,400 Sq Ft.
interior
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    355 STRATFORD ROAD, #CF
    Ditmas Park, Brooklyn, NY 11218

    $1,000,000