Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1203 Avenue J Brooklyn, NY 11230

    Property Lookup

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

    1203 Avenue J Brooklyn, NY 11230

    View on Map
    • Office properties & Spaces
    • 5,120 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Malvina Lin PC Attorney / Law Firm
    • Dr Gennady Simonovsky / Dental Office
    • Penn Plaza Consultants / Real Estate Agency
    • Aaron Berger, MD / Physician
    • zkc ny / General Contractor

    Property Details for 1203 Avenue J

    Property size
    5,120 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 5,120 square foot office building, located at 1203 Avenue J in Brooklyn, New York, presents a unique investment opportunity. Currently offering 2,500 square feet of immediately available space, this multi-tenant property is ideally suited for executive or medical office use. The building sits on a 3,200 square foot lot and is zoned C4-4A within Kings County. Its convenient Midwood location, between East 12th and East 13th Streets, offers excellent accessibility. The property benefits from proximity to the Avenue J Q train station and numerous bus lines (B11, B6, & B68), ensuring easy commutes for employees and clients. The vibrant neighborhood boasts a diverse range of amenities, including a Bank of America Financial Center, various restaurants (Papa John's, Di Fara Pizza, etc.), retail stores (T.J. Maxx, Dollar Tree, etc.), and supermarkets, creating a bustling and convenient environment. This prime location, combined with the available space and flexible zoning, makes this property an attractive option for businesses seeking a well-situated and accessible office space in a thriving Brooklyn neighborhood. The building's existing infrastructure and strong tenant base provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to explore this exceptional opportunity further.

    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
    -73.9639
    Latitude
    40.6251

    Comparable in this City

    • Value Estimation by Request

      1535 Mcdonald Ave

      Office Units
      1535 Mcdonald Ave, Brooklyn, NY 11230
      View Details
    • Value Estimation by Request

      15Th St

      Life science properties
      0 15Th St, Brooklyn, NY 11230
      View Details
    • Value Estimation by Request
      10,318 SF

      1617 Avenue M

      Restaurants • 10,318 SF
      1617 Avenue M, Brooklyn, NY 11230
      View Details
    • Value Estimation by Request
      1,200 SF

      702 Ocean Pkwy

      Medical Office Space • 1,200 SF
      702 Ocean Pkwy, Brooklyn, NY 11230
      View Details
    • Value Estimation
      $1,765,000
      91,300 SF

      191 Lawrence Ave

      MEDICAL CLINIC • 91,300 SF
      191 Lawrence Ave, Brooklyn, NY 11230
      View Details
    • Value Estimation by Request
      3,100 SF

      1514 12th St

      MEDICAL CLINIC • 3,100 SF
      1514 12th St, Brooklyn, NY 11230-7102
      View Details

    Similar Nearby for Sale

    • $6,900,000
      18,600 SF

      Medical Office Building For Sale

      Move-in ready medical office building suitable for end-user or investment.
      1917 Ocean Ave, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      1,300 SF

      Midwood Industrial Space For Sale

      Prime industrial space in Midwood with versatile layout.
      1202 Mcdonald Ave, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      10,000 SF

      Midwood Four-Story Multi-Use Building

      Four-story building in Midwood with gym, classrooms, and play area.
      1458 E 14Th St, Brooklyn, NY 11230
      View Details

    Similar Nearby for Lease

    • $6,200 /Mo
      2,600 SF

      Renovated Brooklyn Community Facility Office

      Renovated 2600 sq ft office space suitable for various uses.
      1046 E 15Th St, Brooklyn, NY 11230
      View Details
    • Contact for pricing

      Built-Out Dental Office Space

      Corner elevator building with existing dental office build-out.
      749 Ocean Pkwy, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      6,500 SF

      Brooklyn Medical Office Opportunity

      10,000 SF corner space suitable for various uses.
      1083 Mcdonald Ave, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      2,700 SF

      Built Out Dental Office Space

      2,700 SF dental office space for rent.
      749 Ocean Pkwy, Brooklyn, NY 11230
      View Details
    • Contact for pricing

      Midwood Learning Center For Rent

      New four-story building for schools, non-profits, and medical tenants.
      1504 Avenue L, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      1,267 SF

      Brooklyn Office Space For Rent

      Office space available in an elevatored building near transportation.
      2044 Ocean Ave, Brooklyn, NY 11230
      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.
    1203 Avenue J
    Brooklyn, NY 11230
    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

    1203 Avenue J, Brooklyn, NY, 11230

    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!