Entity Owned 
For Lease
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2148 Ocean Ave, Brooklyn, NY 11229
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Property summary
AI-generated overview
This exceptional 3,500 square foot office space is located at 2148 Ocean Avenue, situated between Kings Highway and Quentin Road. The property is part of a single, six-story building constructed in 2015, offering a total of 46,988 square feet on a 10,605 square foot lot. The building features a modern design and is conveniently located near public transportation, ensuring easy access for employees and clients. This single-tenant occupancy space is on the third floor and benefits from elevator access within the building. The zoning for the property is R7A. The high volume of traffic on Ocean Avenue, averaging 36,000 vehicles daily between Kings Highway and this location, provides excellent visibility and accessibility. This is a fantastic opportunity for a business seeking a modern, well-located, and easily accessible office space in a vibrant area. A virtual tour is available for a comprehensive view of the property. The building boasts a contemporary aesthetic and provides a professional environment for any business. This is a rare opportunity to lease a high-quality office space in a desirable location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2015
Total area
46,988 SF
Lot
0.24 ac (10,605 SF)
Zoning code
R7A
APN
06782-0038
UPID
US63-4005528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
High School
-
Physician
-
Ophthalmologist
-
Dental Office
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.24M
Comparable Approach
Comparable
$8.93M
Blend (final)
Blend
$14.23M
Owner & transaction history
since 2004
7 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$14.23M
Value range
$12.80M – $15.65M
±10% around blend
Estimated value / SF
$303 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$12.80M
blend $14.23M
$15.65M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
46,988 SF
Lot area
0.24 ac
Year built
2015
Stories
6
APN
06782-0038
Zoning
R7A
Assessed value
$3,945,600
Annual tax
$328,395
3
Income approach: direct capitalization
Partial preview
Income approach indication
$19.24M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$20.84M
@ 6.5% CAP return
$19.24M
@ 7% CAP return
$17.87M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$328,395
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$10.96M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.7 mi away · 49,815 SF
18.7 mi away · 44,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.23M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 228 sales
$550
-45%
County 228 sales
$550
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $303/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.75M
Move the market yield to see immediate price impact.
Value / SF
$356
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.06M
$21.10M
$15.07M
$11.72M
$1.17M
$23.45M
$16.75M
$13.03M
$1.29M
$25.79M
$18.42M
$14.33M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$9.15M
9.6 mi · Jan 2026 · $200/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$328,395
Tax year 2024
Assessed value
$3,945,600
Assessed 2024
Previous assessed
$3,540,150
+11.5% YoY
Effective rate
8.32%
On assessed value
Assessed land
$601,650
Assessed improvement
$3,343,950
Land market value
$1,337,000
Improvement market value
$7,431,000
Total market value
$8,768,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2015
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
46,988 SF
Lot
0.24 ac (10,605 SF)
Zoning code
R7A
APN
06782-0038
UPID
US63-4005528
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NYZoning R7A · permitted uses
R7A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R7A
Jurisdiction
Brooklyn, NY
Recorded code
R7A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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