Property profile

824 Jamaica Ave Brooklyn, NY 11208

OFF-MARKET
Retail space
Property ID
US63-3282526
720 SF 0.05 ac lot Built 1920
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 720-square-foot retail property, situated on a 0.05-acre lot (4,100+ square feet), presents a compelling investment opportunity in the vibrant Cypress Hills neighborhood of Brooklyn, NY. Located on bustling Jamaica Avenue, this M1-1 zoned building boasts excellent visibility and signage, ensuring high traffic exposure. The property features impressive 9-foot ceilings, a convenient roll-up door, ample parking (16 spaces), and a fully fenced lot, enhancing security and functionality. Modern upgrades include all new LED lighting and a robust 200-amp power supply. Its prime location offers unparalleled convenience, just one block from the J train and minutes from the Jackie Robinson Parkway. The surrounding area is densely populated with established businesses, including Stop & Shop, Public Storage, various self-storage facilities, fast-food chains (Dunkin', Wendy's, McDonald's), Dollar Tree, Conoco, Duane Reade, YMCA, White Castle, and KFC, indicating strong consumer traffic and demand. Annual property taxes are $9,676.12, representing the total annual expenses. This property offers significant upside potential for both developers seeking a prime location and established businesses looking for a high-visibility space. Don't miss this chance to acquire a thriving retail property in a rapidly growing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 720 SF
Lot 0.05 ac (2,075 SF)
Zoning code M1-1
APN 04105-0041
UPID US63-3282526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

824 Jamaica Ave Brooklyn, NY 11208
Brooklyn metro Census 117602 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2014
5 recorded transactions
2018
Price N/A
2014
$595,000
2011
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1-1 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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