A medical office building at 370 Bay Ridge Parkway and a vacant lot at 364 Bay Ridge Parkway were sold in an all cash transaction valued at $2,600,000. The properties are located on the south side of Bay Ridge Parkway between 3rd and 4th Avenues in Bay Ridge, Brooklyn,
The one-story medical office building is composed of eight medical offices and measures approximately 7,440 square feet. There is also approximately 2,400 square feet of additional development rights. The building is fit with individual heat and hot water systems in each medical office, which defers all utility expenses to the tenants. The vacant lot is approximately 4,650 square feet. It is adjacent to 370 Bay Ridge Parkway and will be used as a 20+ parking lot.
Neighborhoods: Bay Ridge/ Agents: Stephen Palmese