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    463 Avenue P Brooklyn, NY 11223

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    For Sale
    $3,599,000

    Well-maintained 12-unit building in Midwood, Brooklyn, near shopping.

    Lot size:
    0.16 Acres

    Property Features for 463 Avenue P

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1978

    Source: Brooklyn4U Rltyof DykerHeights Agent Maria Castellano

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

    Overview

    Midwood 12-Unit Brick Building

    This detached brick building in Midwood, Brooklyn, presents an investment opportunity. Constructed in 1978, the building is well-maintained and comprises 12 units. The property occupies a 40x172 lot, with the building dimensions measuring 29x121. Its location offers convenient access to major shopping areas, schools, and religious institutions. This property may be suitable for seasoned investors or a 1031 exchange.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.970433
    Latitude
    40.609456

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit building in Midwood, Brooklyn, near shopping.
    Where is this apartment building located?
    The property is located at 463 Avenue P Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,599,000.
    What are key features of this property?
    This property features: - Detached brick building with 12 units.; - Located in Midwood near shopping, schools, and house of worship.; - Well-maintained building built in 1978.
    (718) 236-1800
    Request Owner's contact information
    463 Avenue P Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    463 Avenue P Brooklyn, NY 11223
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