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    For Sale (11)

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    Brooklyn Commercial Condo For Sale
    $2,264,000
    2,830 SF

    Brooklyn Commercial Condo For Sale

    Commercial condo in Sunset Park, currently leased to recreational center.

    720 57Th St, Brooklyn, NY 11220
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    Brooklyn Commercial Condo For Sale
    $1,030,400
    1,288 SF

    Brooklyn Commercial Condo For Sale

    Commercial condo in Sunset Park, currently rented for $15,000/month.

    720 57Th St, Brooklyn, NY 11220
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    Chinatown Commercial Corner Building
    $14,000,000
    4,800 SF

    Chinatown Commercial Corner Building

    Four-story commercial building in prime Chinatown location with approved plans.

    274 Canal St, New York, NY 10013
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    Brooklyn Commercial Space For Sale
    $1,999,000
    4,512 SF

    Brooklyn Commercial Space For Sale

    New 4,512 SF community space in Dyker Gardens.

    1238 63Rd St, Brooklyn, NY 11219
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    Established Brooklyn Tea Shop Business
    Contact for pricing
    900 SF

    Established Brooklyn Tea Shop Business

    Turnkey bubble tea and snack shop for sale in Brooklyn.

    6403 14Th Ave, Brooklyn, NY 11219
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    Commercial Condo in Sunset Park
    Contact for pricing
    1,288 SF

    Commercial Condo in Sunset Park

    Commercial condo in Sunset Park, currently rented to a single tenant.

    720 57Th St, Brooklyn, NY 11220
    View details
    Downtown Ann Arbor Development Opportunity
    Contact for pricing

    Downtown Ann Arbor Development Opportunity

    Proposed development site in the heart of Downtown Ann Arbor.

    327-331 South Main St, Ann Arbor, MI 48104
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    Dyker Garden Community Space ForSale
    $1,999,000
    4,512 SF

    Dyker Garden Community Space ForSale

    New 4,512 SF mixed-use space in Dyker Heights, Brooklyn.

    1238 63Rd St, Brooklyn, NY 11219
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    Chinatown Mixed-Use Corner Building
    $14,000,000
    4,800 SF

    Chinatown Mixed-Use Corner Building

    Four-story commercial building with approved expansion plans in Chinatown.

    274 Canal St, New York, NY 10013
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    Route 109 Investment Opportunity
    $1,350,000
    14,000 SF

    Route 109 Investment Opportunity

    Gas station, convenience store, and auto shop for sale.

    254 Route 109, West Babylon, NY 11704
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    Prime Sunset Park Commercial Condo
    $2,264,000

    Prime Sunset Park Commercial Condo

    Commercial condo in Sunset Park, currently leased to recreational center.

    720 57Th St, Brooklyn, NY 11220
    View details

    For Lease (4)

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    Brooklyn Retail Space For Rent
    $6,800 / Mo
    1,400 SF

    Brooklyn Retail Space For Rent

    1400 SF retail space in high-traffic Brooklyn location.

    724 Broadway, Brooklyn, NY 11261
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    Sunset Park Condo For Rent
    $6,000 / Mo
    1,928 SF

    Sunset Park Condo For Rent

    New construction condo suitable for medical, daycare, or school use.

    821 45Th St, Brooklyn, NY 11220
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    Brooklyn Office/Medical/Daycare Space For Rent
    $4,500 / Mo
    1,335 SF

    Brooklyn Office/Medical/Daycare Space For Rent

    New construction elevator building suitable for medical, daycare, or office.

    821 45Th St, Brooklyn, NY 11220
    View details
    Sunset Park Condo For Rent
    $4,000 / Mo
    1,335 SF

    Sunset Park Condo For Rent

    New construction condo suitable for various facilities in Sunset Park.

    821 45Th St, Brooklyn, NY 11220
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    Leases and Sales on Map

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    • For Lease

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    Ashford Homes LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ashford Homes LLC
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