Buy with Yoreevo
$15,080,240
List Price: $15,388,000
Share Listing
Save Listing
571 Ocean Parkway
House in Kensington •  building info
studio • 24,510ft² $628 per ft²
Buy with Yoreevo

$15,080,240

List Price

$15,388,000

Key Details
Days on market
62
Last price change
loading...
Estimated payment
$88,164
Taxes
$628
Monthly maintenance
N/A
Description
Calling All Investors, Developers & End-Users!!! Brand New 100% Occupied 30 Unit Mixed-Use Building In Kensington For Sale!!! The Building Features Excellent Signage, Great Exposure, 1 Medical Office, 18 Parking Spaces, High 10' Ceilings, Strong R7A Zoning, Elevator, Motion Sensor Lights, Sprinklers, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Kensington In Between Church Ave. & Foster Ave., Just Minutes From Prospect Park Lake!!! Neighbors Include UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, Planet Fitness, Blink Fitness, Taco Bell, McDonald's, Meineke Car Care, Aldi +++!!! The Building Was Built In 2023!!! This Property Offers HUGE Upside Potential!!! This Could Make A Great Addition To Your Investment Portfolio Or Be The Next Home For Your Business!!! Income: Medical Office: $30,000 Ann. Unit 1A: $42,240 Ann. Unit 2A: $29,355 Ann. Unit 2B: $34,440 Ann. Unit 2C: $34,440 Ann. Unit 2D: $29,412 Ann. Unit 3A: $35,559 Ann. Unit 3B: $35,473.20 Ann. Unit 3C: $29,412 Ann. Unit 3D: $29,426.16 Ann. Unit 4A: $29,355 Ann. Unit 4B: $28,500 Ann. Unit 4C: $35,473.20 Ann. Unit 4D: $35,552.28 Ann. Unit 5A: $35,569.56 Ann. Unit 5B: $29,412 Ann. Unit 5C: $28,500 Ann. Unit 5D: $35,552.28 Ann. Unit 6A: $29,412 Ann. Unit 6B: $34,200 Ann. Unit 6C: $36,153 Ann. Unit 6D: $37,487.88 Ann. Unit 7A: $37,044 Ann. Unit 7B: $36,731.04 Ann. Unit 7C: $36,820.44 Ann. Unit 7D: $37,044 Ann. Unit 8A: $35,485.56 Ann. Unit 8B: $36,396 Ann. Unit 8C: $37,487.88 Ann. Unit 8D: $35,485.56 Ann. Gross Income: $1,017,419.04 Ann. Expenses: Utilities: $21,823 Ann. Maintenance & Repairs: $5,113 Ann. Management: $3,200 Ann. Insurance: $12,053 Ann. Taxes: $7,533 Ann. Total Expenses: $49,722 Ann. Net Operating Income (NOI): $967,697.04 Ann.

Read Less

Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$15,388,000
Asking Price: $15,388,000
Term
30 Years
Down Payment
$1,538,000 (10%)
Min: 10% (1,538,000)
Rate
6.5 %
Mortgage Amount
$13,849,200
Mortgage Payment
$87,536
Taxes
$628
Estimated Yoreevo rebate
$307,760
Estimated closing cost
$866,000
Total monthly cost $88,164
Buy your dream home with us and get an estimated $307,760 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of All Island Estates Realty Corp

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.