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    105 Belmont Ave Brooklyn, NY 11212

    For Sale
    $810,000

    Two-family with vacant storefront, excellent potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional mixed-use property, located at 105 Belmont Ave in Brooklyn, NY 11212, presents a compelling investment opportunity. Priced at $810,000, this 0.02-acre lot features a two-family building with a vacant storefront, offering immediate income potential and future development possibilities. The upper floors comprise two separate two-bedroom apartments, currently occupied by tenants. The vacant storefront provides a blank canvas for a variety of commercial ventures, catering to the vibrant local community. The property's location in Brooklyn, NY, offers easy access to transportation, amenities, and a thriving market. This is an ideal investment for those seeking a blend of immediate rental income and long-term growth potential. The property's size and existing structure provide a solid foundation for a variety of investment strategies, from holding and managing the existing units to undertaking renovations and repositioning the property to maximize its value. The existing tenants provide a stable income stream, mitigating risk and offering a clear path to positive cash flow. This is a rare opportunity to acquire a mixed-use property in a prime Brooklyn location. The property is sold with tenants in place. The square footage of the building is not currently available.

    Property Features for 105 Belmont Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    871 SF

    HighLights

    • $810,000 asking price.
    • Mixed‑use property.
    • Located at 105 Belmont Ave, Brooklyn, NY 11212.
    • 0.02‑acre lot.
    • Two‑family building with a vacant storefront; two 2‑bedroom apartments upstairs.
    • Sold with existing tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Belmont Corner Deli Deli

    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
    36047
    State
    New York
    Longitude
    -73.9063191
    Latitude
    40.6691785

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    FAQs

    What type of property is this?
    Mixed-use property - Two-family with vacant storefront, excellent potential.
    Where is this mixed-use property located?
    The property is located at 105 Belmont Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $810,000.
    What are key features of this property?
    This property features: $810,000 asking price.; Mixed-use property.; Located at 105 Belmont Ave, Brooklyn, NY 11212.
    Request Owner's contact information
    105 Belmont Ave Brooklyn, NY 11212
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    Brooklyn, NY 11212
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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
    105 Belmont Ave Brooklyn, NY 11212
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