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    6911 Shore Road Ln Brooklyn, NY 11209

    Sponsored
    For Sale
    $789,000

    Prime Brooklyn location, 1,496 sq ft, $789,000

    Property size:
    1,496 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional commercial condo, located at 6911 Shore Road 1A in Brooklyn, New York, presents a unique investment opportunity. The property is a 1,496 square foot duplex unit situated on a 10,553 square foot lot. Ideal for a professional retail office, this first-floor unit boasts two stunning bathrooms and ample storage space. The attractive asking price is $789,000. Low monthly common charges of $896.94 add to the appeal. The property's prime location offers unparalleled convenience, situated directly across from Shore Road Park and the 69th Street Pier, with easy access to the 69th Street Ferry. The property is classified as commercial land and is a single unit condo. While the ceiling height is listed as "Other," the spacious layout and desirable features make this a truly exceptional commercial property in a highly sought-after Brooklyn neighborhood. The zip code is 11209, within Kings (Brooklyn) County. This presents a rare chance to acquire a well-situated commercial space with significant potential. The property's proximity to public transportation and recreational amenities further enhances its value and desirability.

    Property Features for 6911 Shore Road Ln

    General Information

    Property type
    Land
    Square Feet
    1,496 SF

    Building Details

    Units
    1

    HighLights

    • 1,496 SF duplex commercial condo in Brooklyn, NY.
    • Located at 6911 Shore Road 1A, Brooklyn, NY 11209.
    • Asking price: $789,000 with low monthly common charges of $896.94.
    • Situated on a 10,553 SF lot, across from Shore Road Park and the 69th Street Ferry.
    • Features two bathrooms and ample storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 (Brooklyn)
    State
    New York
    Longitude
    -74.0358625
    Latitude
    40.6384377

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn location, 1,496 sq ft, $789,000
    Where is this land located?
    The property is located at 6911 Shore Road Ln Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: 1,496 SF duplex commercial condo in Brooklyn, NY.; Located at 6911 Shore Road 1A, Brooklyn, NY 11209.; Asking price: $789,000 with low monthly common charges of $896.94.
    Request Owner's contact information
    6911 Shore Road Ln Brooklyn, NY 11209
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    Brooklyn, NY 11209
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    6911 Shore Road Ln Brooklyn, NY 11209
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