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    1604B Newkirk Ave Brooklyn, NY 11226

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1604B Newkirk Ave

    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9624
    Latitude
    40.636

    Comparable in this City

    • Value Estimation by Request

      1266 Flatbush Ave

      Restaurants
      1266 Flatbush Ave, Brooklyn, NY 11226
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    • Value Estimation by Request

      1401 Nostrand Ave

      Office space
      1401 Nostrand Ave, Brooklyn, NY 11226
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    • Value Estimation by Request
      180,000 SF

      2360 Bedford Ave

      Lifestyle centers • 180,000 SF
      2360 Bedford Ave, Brooklyn, NY 11226
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    • Value Estimation by Request
      2,400 SF

      1159 Flatbush Ave

      Medical offices • 2,400 SF
      1159 Flatbush Ave, Brooklyn, NY 11226
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    • Value Estimation by Request
      16,969 SF

      885 Rogers Ave

      Medical offices • 16,969 SF
      885 Rogers Ave, Brooklyn, NY 11226
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    • Value Estimation by Request
      18,850 SF

      2244 Church Ave

      Individual retail properties • 18,850 SF
      2244 Church Ave, Brooklyn, NY 11226
      View Details

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    1604B Newkirk Ave
    Brooklyn, NY 11226
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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
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