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    2218 Ocean Ave Brooklyn, NY 11229

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    For Sale
    $1,190,000

    Retail property in prime Homecrest location with tax abatement.

    Property size:
    1,490 SF
    Lot size:
    0.22 Acres

    Property Features for 2218 Ocean Ave

    General Information

    Size
    1,490 SF
    Lot size
    0.22 Acres

    Source: Commercial Acquisitions Realty Services Agent Arsen Atbashyan

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

    Overview

    Homecrest Retail Storefront with Abatement

    This retail property, constructed in 2020, features a 20-foot frontage and benefits from a 13-year tax abatement. Situated in the Homecrest neighborhood, the location offers significant signage opportunities and high pedestrian and vehicular traffic. The property is surrounded by established businesses and is conveniently located near public transportation. The building provides 1490 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mestechkin Law Group ... Law Firm Glass Repair Works ... Window Installation Service

    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.

    Similar Places Nearby

    U & Me Garden, Fresh rose, Julie's Flower, Three S Flowers, Elite Flowers & Balloons

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.953415
    Latitude
    40.60773

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    FAQs

    What type of property is this?
    Storefront property - Retail property in prime Homecrest location with tax abatement.
    Where is this storefront property located?
    The property is located at 2218 Ocean Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: - 13 year tax abatement; - Prime Homecrest location; - High-traffic area
    (917) 939-3760
    Request Owner's contact information
    2218 Ocean Ave Brooklyn, NY 11229
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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
    2218 Ocean Ave Brooklyn, NY 11229
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