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Narrows Professional Building 9920-9922 4th Ave 45,000 sq ft 84% Let Office Property Brooklyn, NY 11209 £9,550,622 (£212.24/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corner Building with Exposure
- Indoor & Outdoor Parking
- On Site Property Manager
- Two New Elevators
- Close to Major Transportation
- Retail & Office Tenants
EXECUTIVE SUMMARY
45,000 SF spanning across three floors, 40 Indoor Parking spaces in a Heated Garage with elevator access, 13 Outdoor Parking spaces, dedicated HVAC systems per unit, 2 Newly upgraded elevators, and a full time on site property manager. Some Major Tenants include Mass Mutual, Jag One Physical Therapy, Colonial Pharmacy, PRO Health, and many more.
Ideally located with easy Access from the Belt Parkway, Verrazano Bridge, Brooklyn-Queens Expressway, R-Train, and Local & Express Buses to NYC
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£1,412,658
|
£31.39
|
| Other Income |
£11,434
|
£0.25
|
| Vacancy Loss |
£70,633
|
£1.57
|
| Effective Gross Income |
£1,353,459
|
£30.08
|
| Taxes |
£362,495
|
£8.06
|
| Operating Expenses |
£388,676
|
£8.64
|
| Total Expenses |
£751,171
|
£16.69
|
| Net Operating Income |
£602,289
|
£13.38
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £1,412,658 |
| Annual Per sq ft | £31.39 |
| Other Income | |
|---|---|
| Annual | £11,434 |
| Annual Per sq ft | £0.25 |
| Vacancy Loss | |
|---|---|
| Annual | £70,633 |
| Annual Per sq ft | £1.57 |
| Effective Gross Income | |
|---|---|
| Annual | £1,353,459 |
| Annual Per sq ft | £30.08 |
| Taxes | |
|---|---|
| Annual | £362,495 |
| Annual Per sq ft | £8.06 |
| Operating Expenses | |
|---|---|
| Annual | £388,676 |
| Annual Per sq ft | £8.64 |
| Total Expenses | |
|---|---|
| Annual | £751,171 |
| Annual Per sq ft | £16.69 |
| Net Operating Income | |
|---|---|
| Annual | £602,289 |
| Annual Per sq ft | £13.38 |
PROPERTY FACTS
AMENITIES
- Bus Route
- Courtyard
- Fenced Lot
- Property Manager on Site
- Signage
- Reception
- Natural Light
- Suspended Ceilings
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
asking: $13,000/month FANTASTIC OPPORTUNITY TO EXPAND YOUR BUSINESS IN THE GREATER BAY RIDGE COMMUNITY!!!!!! PROFESSIONAL 4,250 SF CORNER OFFICE AVAILABLE ON THE 2ND FLOOR OF ELEVATOR BUILDING. FEATURES A MODERN RECEPTION, 4 EXECUTIVE OFFICES ALL WITH WINDOWS FACING 4TH AVENUE, A LARGE CONFERENCE ROOM, TRAINING ROOM, 20 FULL SIZE CUBICLES, FILING CABINETS, AND EXECUTIVE DESKS. FULL KITCHEN, PANTRY, FILING ROOM, AND 4 PARKING SPACES IN THE GARAGE. NEW HVAC. FULLY FURNISHED AND MOVE IN READY. PREVIOUSLY OCCUPIED BY A MAJOR INSURANCE COMPANY! CONTACT BROKER FOR ALL DETAILS! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
asking: $7,200/month Executive Office Space available for Lease on 3rd Floor. Right outside of the Elevators. 2,263 Sq. Ft. including 7 Offices, 1 Conference Room, Kitchenette, and open space for Cubicles. Comes with 2 Garage Parking Spaces. Contact Broker for all details!
627 SF Private Office available on 3rd floor of Narrows Professional Building. ONE INDOOR PARKING SPACE INCLUDED Central air conditioning,
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 210 | 4,250 sq ft | Office / Medical | Full Fit-Out | Now |
| 3rd Fl-Ste 310A | 2,263 sq ft | Office / Medical | - | Now |
| 3rd Fl-Ste 312 | 627 sq ft | Office / Medical | - | Now |
2nd Fl-Ste 210
| Size |
| 4,250 sq ft |
| Space Use |
| Office / Medical |
| Condition |
| Full Fit-Out |
| Available |
| Now |
3rd Fl-Ste 310A
| Size |
| 2,263 sq ft |
| Space Use |
| Office / Medical |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 312
| Size |
| 627 sq ft |
| Space Use |
| Office / Medical |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 210
| Size | 4,250 sq ft |
| Space Use | Office / Medical |
| Condition | Full Fit-Out |
| Available | Now |
asking: $13,000/month FANTASTIC OPPORTUNITY TO EXPAND YOUR BUSINESS IN THE GREATER BAY RIDGE COMMUNITY!!!!!! PROFESSIONAL 4,250 SF CORNER OFFICE AVAILABLE ON THE 2ND FLOOR OF ELEVATOR BUILDING. FEATURES A MODERN RECEPTION, 4 EXECUTIVE OFFICES ALL WITH WINDOWS FACING 4TH AVENUE, A LARGE CONFERENCE ROOM, TRAINING ROOM, 20 FULL SIZE CUBICLES, FILING CABINETS, AND EXECUTIVE DESKS. FULL KITCHEN, PANTRY, FILING ROOM, AND 4 PARKING SPACES IN THE GARAGE. NEW HVAC. FULLY FURNISHED AND MOVE IN READY. PREVIOUSLY OCCUPIED BY A MAJOR INSURANCE COMPANY! CONTACT BROKER FOR ALL DETAILS! BAY RIDGE BROOKLYN - *** NARROWS MEDICAL & PROFESSIONAL BUILDING *** INDOOR PARKING GARAGE MULTIPLE NEW ELEVATORS FULL TIME BUILDING MANAGER Current Tenants: ProHealth, JAG ONE, NYU School of Medicine, & Various Medical Practitioners, Mass Mutual Insurance Across from Maimonides Medical Office Close to Belt Parkway, BQE, & R-Train
3rd Fl-Ste 310A
| Size | 2,263 sq ft |
| Space Use | Office / Medical |
| Condition | - |
| Available | Now |
asking: $7,200/month Executive Office Space available for Lease on 3rd Floor. Right outside of the Elevators. 2,263 Sq. Ft. including 7 Offices, 1 Conference Room, Kitchenette, and open space for Cubicles. Comes with 2 Garage Parking Spaces. Contact Broker for all details!
3rd Fl-Ste 312
| Size | 627 sq ft |
| Space Use | Office / Medical |
| Condition | - |
| Available | Now |
627 SF Private Office available on 3rd floor of Narrows Professional Building. ONE INDOOR PARKING SPACE INCLUDED Central air conditioning,
PROPERTY TAXES
| Parcel Number | 06134-0028 | Total Assessment | £3,228,672 (2025) |
| Land Assessment | £413,631 (2025) | Annual Taxes | £362,495 (£8.06/sq ft) |
| Improvements Assessment | £2,815,042 (2025) | Tax Year | 2024 |
PROPERTY TAXES
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Narrows Professional Building | 9920-9922 4th Ave
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