Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    479 Nostrand Ave Brooklyn, NY 11216

    • Retail properties
    • 2,305 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 479 Nostrand Ave

    Property size
    2,305 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity presents 2,305 square feet of vacant space at 479 Nostrand Avenue in the vibrant Brooklyn, New York neighborhood. Located in Kings County, zip code 11216, this property offers multiple tenancy options, perfect for a variety of retail businesses. The building is currently entirely vacant, providing a blank canvas for a new tenant or multiple tenants to customize the space to their specific needs. Individual units range from a minimum of 380 square feet to a maximum contiguous space of 750 square feet, offering flexibility for businesses of different sizes. The property's address is 479 Nostrand Ave, providing excellent street visibility and accessibility for customers. This is an ideal location for businesses seeking high foot traffic and a strong presence in a thriving community. The property's total square footage is 2,305 square feet, providing ample space for a variety of retail concepts. With its strategic location and flexible space options, this property represents a rare and exciting opportunity for retail expansion or establishment in a dynamic Brooklyn market. The property is classified as a retail store with multiple tenancy capabilities. Interested parties are encouraged to inquire about lease terms and availability. The property is situated at 40.68094 latitude and -73.949542 longitude.

    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
    -73.9495
    Latitude
    40.6809

    Comparable in this City

    • Value Estimation by Request

      509 Nostrand Ave Between Herkimer & Fulton St

      Retail properties
      509 Nostrand Ave Between Herkimer & Fulton St, Brooklyn, NY 11216
      View Details
    • Value Estimation by Request
      2,000 SF

      35 Rogers Ave

      Retail properties • 2,000 SF
      35 Rogers Ave, Brooklyn, NY 11216
      View Details
    • Value Estimation by Request
      2,665 SF

      1124 Bedford Ave

      Individual retail properties • 2,665 SF
      1124 Bedford Ave, Brooklyn, NY 11216
      View Details
    • Value Estimation by Request

      545 Nostrand Ave

      Retail properties
      545 Nostrand Ave, Brooklyn, NY 11216
      View Details
    • Value Estimation by Request
      22,975 SF

      65 Herkimer Pl

      Individual retail properties • 22,975 SF
      65 Herkimer Pl, Brooklyn, NY 11216
      View Details
    • Value Estimation by Request

      1383 Bedford Ave

      Individual retail properties
      1383 Bedford Ave, Brooklyn, NY 11216
      View Details

    Similar Nearby for Sale

    • $3,300,000
      2,000 SF

      Fulton Street Retail Investment Opportunity

      Prime Brooklyn storefront, multi-tenant income.
      1263 Fulton St, Brooklyn, NY 11216
      View Details
    • $11,500,000

      Prime Brooklyn Planet Fitness Investment

      High-yield NNN lease, strong tenant.
      1245 Fulton St, Brooklyn, NY 11216
      View Details
    • $2,499,999
      Pending

      Prime Brooklyn Corner Property

      Exceptional corner property in Bedford-Stuyvesant with development potential.
      293 Putnam Ave, Brooklyn, NY 11216
      View Details
    • $320,000
      1,200 SF

      Brooklyn Retail Business Opportunity

      Established Brooklyn business for sale with lease in place.
      500 Nostrand Ave, Brooklyn, NY 11216
      View Details
    • $4,950,000
      4,508 SF

      Renovated Mixed-Use Building, Brooklyn

      Fully renovated mixed-use building with commercial space and residential units.
      333 Tompkins Ave, Brooklyn, NY 11216
      View Details
    • $150,000
      600 SF

      Turnkey Coffee Shop in Brooklyn

      Fully equipped coffee shop for sale in high-traffic Brooklyn location.
      504 Nostrand Ave, Brooklyn, NY 11216
      View Details

    Similar Nearby for Lease

    • $65 SF/Yr
      1,200 SF

      Nostrand Ave Retail Space For Lease

      Prime Brooklyn Retail, 1200 SF Available
      545 Nostrand Ave, Brooklyn, NY 11216
      View Details
    • Contact for pricing
      3,000 SF

      Nostrand Avenue Retail Space

      Prime Brooklyn Retail Opportunity: 3,000 SF
      544 Nostrand Ave, Brooklyn, NY 11216
      View Details
    • Contact for pricing
      2,600 SF

      Prime Brooklyn Retail Space

      2,600 SF Vacant Retail Space in Brooklyn
      509 Nostrand Ave Between Herkimer & Fulton St, Brooklyn, NY 11216
      View Details
    • $42 SF/Yr
      2,800 SF

      Fulton Street Retail Spaces Available

      Prime Kings County retail space, two suites available.
      1559-1561 Fulton St, Brooklyn, NY 11216
      View Details
    • Contact for pricing
      11,777 SF

      Fulton Street Warehouse For Lease

      Spacious Brooklyn Warehouse, 11,777 SF
      1428 Fulton St, Brooklyn, NY 11216
      View Details
    • Contact for pricing
      1,100 SF

      Prime Bed-Stuy Retail Space

      1,100 SF Retail Space Available
      409-417 Nostrand Ave, Brooklyn, NY 11216
      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.
    479 Nostrand Ave
    Brooklyn, NY 11216
    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
    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.