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    8681 18Th Ave Brooklyn, NY 11214

    Sponsored
    For Sale
    $6,900,000

    High-traffic location, two tenants, tax abatement.

    Property size:
    11,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story mixed-use commercial building, located at 8681 18th Ave in Brooklyn, Kings County, New York (zip code 11214), presents a compelling investment opportunity. Boasting 11,600 square feet, the property is offered at $6,900,000, translating to a price per square foot of $594.83. The building benefits from a C8-1 zoning designation. Currently, two commercial tenants occupy the space, generating consistent income. A significant advantage is the presence of a tax abatement, providing substantial financial relief that extends until 2027. The property's location in a high-traffic area ensures excellent visibility and accessibility for businesses. This makes it an ideal investment for those seeking a stable, income-producing asset in a thriving Brooklyn neighborhood. The building's size and zoning offer flexibility for future development or expansion, catering to a variety of commercial uses. This is a rare opportunity to acquire a well-situated, income-generating property with significant long-term potential. The coordinates are 40.6055437 latitude and -74.0039841 longitude.

    Property Features for 8681 18Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,600 SF

    Building Details

    Stories
    2

    HighLights

    • Exceptional two‑story mixed‑use building in Brooklyn, NY (11214), totaling 11,600 square feet.
    • Offered at $6,900,000, representing $594.83 per square foot.
    • C8‑1 zoning.
    • Two commercial tenants provide consistent income.
    • Tax abatement in place until 2027.
    • High‑traffic location ensures excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Little Gym of Bay ... Dance School Love and Joy Senior ... Adult Day Care Center

    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
    -74.0039841
    Latitude
    40.6055437

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, two tenants, tax abatement.
    Where is this individual retail property located?
    The property is located at 8681 18Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Exceptional two-story mixed-use building in Brooklyn, NY (11214), totaling 11,600 square feet.; Offered at $6,900,000, representing $594.83 per square foot.; C8-1 zoning.
    Request Owner's contact information
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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
    8681 18Th Ave Brooklyn, NY 11214
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