1610 Dekalb Avenue, NY

16,982 GSF Community Facility Condominium Unit

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Overview

Key Highlights

  • Price $5,650,000
  • $/SF $333
  • Stories 3
  • Total Commercial Sq. Ft. 16,982
  • Gross Income (As Of 1/2025) $492,963

Key Facts

• Located on Dekalb Avenue between Wyckoff Avenue and Irving Avenue

• Tenant is Wyckoff Heights Medical Center, a 350-bed teaching hospital located just around the corner

• The space is currently used as an out-patient medical clinic
• All three floors are utilized for medical examination rooms and offices. Purchaser will also receive title to 7 rooftop terraces (above the residential units)
• 8% annual rent increase in 2025
• Lease expires at the end of 2028, with a 5-year option to extend

• Cap rate post lease extension: 7.1%
• The property is conveniently located half a block from the Dekalb Street L train station

• Allowable uses: Educational, Cultural, Health Care, Medical, Arts, Non-Profits, Day Care, Child Care, Religious

Location

Our Team

Benjamin Vago

Ariel Property Advisors
212.544.9500 Ext. 85

Sean Kelly

Partner
Ariel Property Advisors
212.544.9500 Ext. 59

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