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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    910 Union St Brooklyn, NY 11215

    • Day care centers
    • 6,070 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brooklyn Free Space / High School / Daycare Center
    • A Whole New World Academy (rolling admissions & Summer Camp) / High School / Daycare Center
    • A Whole New World Academy Park Slope / High School / Daycare Center

    Property Details for 910 Union St

    Property size
    6,070 SF
    Property type
    Day care centers
    Property subtype
    Retail properties

    Description

    This exceptional retail property, located at 910 Union Street in the vibrant Brooklyn, New York, offers a unique opportunity for multiple tenants. Situated in Kings County, zip code 11215, this property boasts a total of 6,070 square feet of space, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for various configurations, with a minimum divisible space of 250 square feet and a maximum contiguous space of 5,820 square feet, catering to a range of business needs. Ideal for a daycare center or similar businesses requiring ample space, this property presents a rare chance to establish a thriving enterprise in a high-traffic area. The property's location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a bustling Brooklyn neighborhood. The address is 910 Union Street, Brooklyn, NY 11215. This is a retail property classified as a daycare center, with multiple tenancies available. The entire 6,070 square feet is currently vacant. Serious inquiries are encouraged to explore the possibilities this property offers.

    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
    -73.9715
    Latitude
    40.6726

    Comparable in this City

    • Value Estimation by Request
      225,250 SF

      94 9Th St

      Individual retail properties • 225,250 SF
      94 9Th St, Brooklyn, NY 11215
      View Details
    • Value Estimation by Request
      450 SF

      443 7Th Ave

      Retail properties • 450 SF
      443 7Th Ave, Brooklyn, NY 11215
      View Details
    • Value Estimation by Request
      21,865 SF

      307 Nevins St

      Individual retail properties • 21,865 SF
      307 Nevins St, Brooklyn, NY 11215
      View Details
    • Value Estimation by Request
      500 SF

      433 7Th Ave

      Restaurants • 500 SF
      433 7Th Ave, Brooklyn, NY 11215
      View Details
    • Value Estimation by Request

      382 5Th Ave

      Individual retail properties
      382 5Th Ave, Brooklyn, NY 11215
      View Details
    • Value Estimation by Request
      500 SF

      427 7Th Ave

      Individual retail properties • 500 SF
      427 7Th Ave, Brooklyn, NY 11215
      View Details

    Similar Nearby for Sale

    • $3,250,000
      4,146 SF

      Prime Park Slope Retail Condo

      Two units, high-traffic location, strong lease in place.
      575 4Th Ave, Brooklyn, NY 11215
      View Details
    • Contact for pricing
      30,954 SF

      Prime Brooklyn Executive Office Space

      30,954 SF Condo Office Building in Gowanus
      84 14Th St, Brooklyn, NY 11215
      View Details
    • $625,000
      500 SF

      Prime Park Slope Restaurant Space

      500 SF Restaurant, $625K, High NOI
      433 7Th Ave, Brooklyn, NY 11215
      View Details
    • $2,500,000
      3,033 SF

      Brooklyn Mixed-Use Commercial Building

      Mixed-use building in Gowanus with retail and residential units.
      288 3Rd Ave, Brooklyn, NY 11215
      View Details
    • $565,000
      450 SF

      Prime Park Slope Retail Space

      High-traffic 450 SF retail unit
      443 7Th Ave, Brooklyn, NY 11215
      View Details
    • $1,495,000

      Prospect Park West Specialty Property

      Specialty property for sale near Prospect Park, Brooklyn.
      102 Prospect Park W 2, Brooklyn, NY 11215
      View Details

    Similar Nearby for Lease

    • $75 SF/Yr
      880 SF

      Park Slope Commercial Space For Lease

      880 sq ft, Prime Park Slope Location
      566 4Th Ave, Brooklyn, NY 11215
      View Details
    • $37 SF/Yr
      11,500 SF

      Prime Brooklyn Office Space

      Spacious lofts, Manhattan views, build-out available.
      84 14Th St, Brooklyn, NY 11215
      View Details
    • Contact for pricing
      6,000 SF

      Prime Brooklyn Retail Space

      6,000 SF Retail Space - Available Now
      453 5Th Ave, Brooklyn, NY 11215
      View Details
    • $51 SF/Yr
      1,400 SF

      Park Slope Retail Gem

      1,400 SF Corner Space Available
      739 6Th Ave, Brooklyn, NY 11215
      View Details
    • $37 SF/Yr
      6,500 SF

      Prime Brooklyn Commercial Space

      Spacious Retail/Office, Manhattan Views
      84 14Th St, Brooklyn, NY 11215
      View Details
    • $72 SF/Yr
      3,000 SF

      Prospect Park West Retail Space

      Prime Brooklyn Retail, 3,000 SF Available
      260 Prospect Park, Brooklyn, NY 11215
      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.
    910 Union St
    Brooklyn, NY 11215
    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.