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    9208 Avenue L Brooklyn, NY 11236

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    For Sale
    $929,000

    Mixed-use building with apartments and retail in prime Brooklyn location.

    Lot size:
    0.04 Acres

    Property Features for 9208 Avenue L

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1931

    Source: Chase Global Realty Corp Agent Chun P. Pak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in High-Traffic Area

    This mixed-use brick building features two apartments on the second floor and one store on the first floor. The lot measures 18 ft x 90.5 ft, while the building size is 18 ft x 54 ft. It is located in a high foot traffic area of Brooklyn on Avenue L and E 92nd St, near bus stations, schools, and various commercial stores. The zoning is R5D, C1-3. The property generates a good income with reliable tenants and has low real estate taxes and maintenance fees. The cap rate is over 6.7%, making it a potentially attractive investment.
    Location Intelligence

    Current Use by Public Records

    CWC Clean World ... Dry Cleaner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.898625
    Latitude
    40.636244

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with apartments and retail in prime Brooklyn location.
    Where is this mixed-use property located?
    The property is located at 9208 Avenue L Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $929,000.
    What are key features of this property?
    This property features: - High foot traffic location on Avenue L and E 92nd St, Brooklyn.; - Good Cap Rate Over 6.7%.; - Mixed-use building with two apartments and one store.
    (917) 807-7233
    Request Owner's contact information
    9208 Avenue L Brooklyn, NY 11236
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    Brooklyn, NY 11236
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    Realmo Value Estimation

    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.

    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.

    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
    9208 Avenue L Brooklyn, NY 11236
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