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    203 Ditmas Ave Brooklyn, NY 11218

    For Sale
    $1,499,000

    Prime Brooklyn Mixed-Use Building

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a mixed-use building located at 203 Ditmas Avenue in Brooklyn, New York, 11218. The property, zoned R6A, boasts a total square footage of 1,000 square feet situated on a 2,000 square foot lot. The building comprises a ground floor commercial space, currently configured as a dental office, which will be delivered vacant upon sale, providing immediate potential for lease income or owner-occupancy. Above the commercial space, the second floor features two residential units, generating additional rental income. A fully finished basement adds further value and utility. The asking price for this multifamily property is $1,499,000. Tenants are responsible for all utilities except cold water, minimizing the owner's operational expenses. This property offers a compelling blend of commercial and residential income streams in a desirable Brooklyn location, making it an attractive investment prospect for discerning buyers. The property's location provides easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained mixed-use building with significant upside potential.

    Property Features for 203 Ditmas Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,000 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yuri Krainov, DDS Dentist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.9766898
    Latitude
    40.6358891

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    FAQs

    What type of property is this?
    Multifamily property - Prime Brooklyn Mixed-Use Building
    Where is this multifamily property located?
    The property is located at 203 Ditmas Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,499,000.
    Request Owner's contact information
    203 Ditmas Ave Brooklyn, NY 11218
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    Brooklyn, NY 11218
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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
    203 Ditmas Ave Brooklyn, NY 11218
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