Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2590 Nostrand Ave Brooklyn, NY 11210

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2590 Nostrand Ave

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 12,600 square foot industrial land parcel presents a unique investment opportunity in Brooklyn's thriving Flatbush submarket. Located at 2590 Nostrand Avenue, this single-tenant property boasts a generous 120-foot frontage, offering excellent visibility and accessibility. The lot's dimensions measure approximately 120 feet wide by 105 feet deep, providing ample space for various industrial uses, subject to zoning regulations. The property is zoned R4/C2-2 within Kings County, New York, and includes 115 total parking spaces. Utilities are available, including power. The property's location on Nostrand Avenue, with its cross street being Avenue L, ensures convenient access to major transportation routes and the surrounding commercial activity. Annual property taxes are $5 per square foot. This vacant lot offers significant potential for development or redevelopment, making it an attractive proposition for investors seeking a strategic foothold in a rapidly growing area of Brooklyn. The property's size and location make it ideal for a variety of industrial uses, and its ample parking provides added convenience. This is a rare opportunity to acquire a substantial industrial land parcel in a highly desirable Brooklyn location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9459
    Latitude
    40.6213

    Comparable in this City

    • Value Estimation by Request
      3,740 SF

      2925 Avenue J

      Land • 3,740 SF
      2925 Avenue J, Brooklyn, NY 11210
      View Details
    • Value Estimation
      $565,000
      9,073 SF

      4224 Ave H H

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 9,073 SF
      4224 Ave H H, Brooklyn, NY 11210-3518
      View Details
    • Value Estimation by Request
      4,000 SF

      635 28Th St

      Distribution properties • 4,000 SF
      635 28Th St, Brooklyn, NY 11210
      View Details
    • Value Estimation by Request

      4115 Hubbard Pl

      Land
      4115 Hubbard Pl, Brooklyn, NY 11210
      View Details
    • Value Estimation
      $295,000
      1,200 SF

      850 42nd St

      WAREHOUSE, STORAGE • 1,200 SF
      850 42nd St, Brooklyn, NY 11210-3512
      View Details
    • Value Estimation
      $335,000
      5,700 SF

      4223 Glenwood Rd

      WAREHOUSE, STORAGE • 5,700 SF
      4223 Glenwood Rd, Brooklyn, NY 11210-2026
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Brooklyn Land For Sale

      Land available in Brooklyn, New York.
      987 E 42Nd St, Brooklyn, NY 11210
      View Details
    • $1,195,000
      0.05 Acres

      Flatbush Commercial Property For Sale

      Vacant commercial land in Flatbush, Brooklyn, perfect for development.
      1731 Flatbush Avenue Ext, Brooklyn, NY 11210
      View Details
    • $3,500,000

      Brooklyn Land For Sale

      Commercial land available in Brooklyn, New York.
      2925 Nostrand Ave, Brooklyn, NY 11210
      View Details
    • $900,000
      0.05 Acres

      Brooklyn Multifamily Development Opportunity

      Approved plans for 4-story, 12-unit building in Brooklyn.
      1952 Nostrand Ave, Brooklyn, NY 11210
      View Details
    • $3,000,000

      Development Opportunity in East Flatbush

      Two detached single-family homes with 7,000 sqft lot area.
      1533 New York Ave, Brooklyn, NY 11210
      View Details
    • $1,100,000
      0.11 Acres

      Brooklyn Commercial Land For Sale

      Commercial land in Brooklyn, NY, with potential for various ventures.
      1285 Rogers Ave, Brooklyn, NY 11210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,600 SF

      Brooklyn Industrial Land for Sale

      12,600 SF Industrial Yard - Prime Location
      2586 Nostrand Ave, Brooklyn, NY 11210
      View Details
    • Contact for pricing
      18,800 SF

      Brooklyn Warehouse Space Available

      Industrial warehouse space available for lease in Brooklyn, New York.
      4201-4205 Avenue H, Brooklyn, NY 11210
      View Details
    • Contact for pricing
      1,100 SF

      Brooklyn Flex Space with Parking

      Flex space with gated parking in prime Brooklyn location.
      2771 Nostrand Ave, Brooklyn, NY 11210
      View Details
    • $36 SF/Yr
      4,000 SF

      East Flatbush Warehouse - 4,000 SF

      Prime East Flatbush warehouse, single tenant, 4,000 sq ft.
      635 28Th St, Brooklyn, NY 11210
      View Details
    • $8,500 /Mo
      3,500 SF

      Luxury Building Retail Space Available

      3,500 SF ground-level space in new luxury building.
      3415 Farragut Rd, Brooklyn, NY 11210
      View Details
    • Contact for pricing
      50,000 SF

      Nostrand Avenue Office Space

      Prime Flatbush Office, Flexible Suites
      2255 Nostrand Ave, Brooklyn, NY 11210
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2590 Nostrand Ave
    Brooklyn, NY 11210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.