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500 Kent Avenue

Off-Market

500 Kent Avenue, Brooklyn, NY 11249

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 613,911 SF
  • Lot Size 7.84 Acre
  • Parking Spaces Avail. 202
  • Parking Ratio 0.33/ 1,000 SF

Location

  • City Brooklyn, NY
  • Neighborhood Brooklyn Navy Yard
  • Zip Code 11249
  • Market Brooklyn

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Brooklyn

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Brooklyn Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $51.42
  • 2020 Office Vacancy Rate 13.25%
  • 2020 Office Completions (SF) 1,135,429

Brooklyn Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $320.11
  • Y-o-Y Avg. PpSF Change -21.62%
  • 2020 Office Sales Volume $533.4M
  • 2020 Number of Transactions 8
View more Brooklyn market trends

Tax

  • Property Tax in 2022-2023 $143,924
  • Market Value* $3,045,000
  • Assessed Value $3,045,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 Kent Avenue?

500 Kent Avenue totals 613,911 square feet.

What is the property tax for 500 Kent Avenue?

The property tax for 500 Kent Avenue in 2022-2023 was $143,924.

What is the market value for 500 Kent Avenue?

The market value* for 500 Kent Avenue in 2022-2023 was $3,045,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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