Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    262 Vanderbilt Ave Brooklyn, NY 11205
    Property profile & analytics

    262 Vanderbilt Ave Brooklyn, NY 11205

    View on Map
    • Retail properties & Spaces
    • 3,594 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 262 Vanderbilt Ave

    Year built
    1925
    Property size
    3,594 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 3,594 square foot retail space at 262 Vanderbilt Avenue in Brooklyn, NY, offers a prime location within the vibrant Fort Greene neighborhood, specifically in the Clinton Hill submarket cluster. Built in 1925, this three-story building boasts a single-tenant occupancy and is situated on a high-traffic area along Dekalb Avenue, known for its diverse culinary scene. The property benefits from its proximity to several educational institutions, including Pratt Institute, St. Joseph's University, and LIU, ensuring a consistent flow of potential customers. The surrounding area features a thriving mix of local businesses, further enhancing the appeal and foot traffic. Convenient access to public transportation is provided by the nearby G, Q, B, R, C, and A subway lines. The property is zoned R6B/C2-4 in Kings County and offers excellent visibility and accessibility. This location presents a unique opportunity for businesses seeking high visibility and a strong customer base in one of Brooklyn's most desirable neighborhoods. The building consists of one structure.

    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
    -73.9692
    Latitude
    40.6897

    Comparable in this City

    • Value Estimation by Request

      Dekalb Ave

      Retail properties & Spaces
      0 Dekalb Ave, New York, NY 11205
      View Details
    • Value Estimation by Request
      11,500 SF

      500 Dekalb Ave Clinton Hl

      Retail properties & Spaces • 11,500 SF
      500 Dekalb Ave Clinton Hl, Brooklyn, NY 11205
      View Details
    • Value Estimation by Request
      101,849 SF

      Brooklyn Navy Yard

      Lifestyle centers • 101,849 SF
      0 Brooklyn Navy Yard, Brooklyn, NY 11205
      View Details
    • Value Estimation by Request
      1,177,000 SF

      Gbmi 77

      Office Units • 1,177,000 SF
      0 Gbmi 77, Brooklyn, NY 11205
      View Details
    • Value Estimation by Request

      141 Flushing Ave

      Individual retail properties
      141 Flushing Ave, Brooklyn, NY 11205
      View Details
    • Value Estimation by Request

      431 Myrtle Ave

      Restaurants
      431 Myrtle Ave, Brooklyn, NY 11205
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Clinton Hill Art Supply Business

      Established Art Supply Store & Building
      0 Dekalb Ave, New York, NY 11205
      View Details
    • Contact for pricing
      3,856 SF

      Fort Greene Mixed-Use Property

      Mixed-use property in Fort Greene with high foot traffic.
      374 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,700 SF

      Retail Condo in Clinton Hill

      Retail condo fully leased to CKO Kickboxing through 2035.
      525 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      7,635 SF

      Mixed-Use Building with Facade Upgrade

      Seven-unit mixed-use building with recent facade upgrades and parking.
      551 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,310 SF

      Brooklyn Retail Investment Opportunity

      Prime retail space in a high-traffic Brooklyn location.
      794 Bedford Ave, Brooklyn, NY 11205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Fort Greene Restaurant Space Available

      Fully built-out restaurant space in the heart of Fort Greene.
      352-360 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing

      Retail Space in Clinton Hill

      Bright, modern 600 SF retail space in walkable Brooklyn neighborhood.
      431 Dekalb Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      3,422 SF

      Retail Space in Fort Greene

      Retail space in prime Fort Greene condo development.
      134 Vanderbilt Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      2,700 SF

      Brooklyn Storefront with High Ceilings

      2700 SF Brooklyn storefront featuring high ceilings and basement.
      507 Dekalb Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space with Backyard

      Retail space for rent with basement and private backyard.
      742 Myrtle Ave, Brooklyn, NY 11205
      View Details
    • Contact for pricing
      1,800 SF

      Retail/Office Space with Backyard

      Retail or office space with ground floor, basement, and backyard.
      585 Myrtle Ave, Brooklyn, NY 11205
      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.
    262 Vanderbilt Ave
    Brooklyn, NY 11205
    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

    Thank You for Inquiry
    262 Vanderbilt Ave, Brooklyn, NY, 11205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!