Add Listing
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

    2576 14Th St Brooklyn, NY 11235

    • Retail properties & Spaces
    • 800 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Avey Tailoring / (Bike/Boat/Book/etc) Store

    Property Details for 2576 14Th St

    Property size
    800 SF
    Property type
    Retail properties & Spaces

    Description

    This turnkey retail opportunity in Brooklyn, NY, presents a chance to acquire an established and profitable tailoring and alteration business. Located at 2576 East 14th Street, this 800-square-foot space sits on a 1,700-square-foot lot in the vibrant Kings (Brooklyn) County, zip code 11235. The business, known for its high customer ratings, boasts a loyal clientele of both new and repeat customers, ensuring a strong foundation for continued success. The current owner is retiring and will provide a structured transition plan for a smooth handover. All equipment, including tailoring machines, is included in the sale price of $35,000. The business also offers off-premise dry cleaning services, expanding its revenue streams. Situated in a bustling commercial and residential area, this location benefits from high foot traffic and a strong local customer base. The ceiling height is noted as "Other," and further details can be provided upon request. This is an exceptional opportunity for an entrepreneur seeking a profitable, established business with a proven track record. The property's prime location and established customer base make it an attractive investment.

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9555
    Latitude
    40.5882

    Comparable in this City

    • Value Estimation by Request
      22,000 SF

      3165 Harkness Ave

      Retail properties & Spaces • 22,000 SF
      3165 Harkness Ave, Brooklyn, NY 11235
      View Details
    • Value Estimation by Request
      10,000 SF

      Z Ocean Ave. & Ave

      Retail properties & Spaces • 10,000 SF
      Z Ocean Ave. & Ave, Brooklyn, NY 11235
      View Details
    • Value Estimation by Request

      2220-2222 Voorhies Ave

      Land
      2220-2222 Voorhies Ave, Brooklyn, NY 11235
      View Details
    • Value Estimation by Request
      2,000 SF

      738 Ocean View Ave

      Restaurants • 2,000 SF
      738 Ocean View Ave, Brooklyn, NY 11235
      View Details
    • Value Estimation by Request
      1 SF

      1103-1105-1107 Brighton Bch Ave

      Retail properties & Spaces • 1 SF
      0 1103-1105-1107 Brighton Bch Ave, Brooklyn, NY 11235
      View Details
    • Value Estimation by Request
      800 SF

      271 Brighton Beach Ave

      Restaurants • 800 SF
      271 Brighton Beach Ave, Brooklyn, NY 11235
      View Details

    Similar Nearby for Sale

    • $60,000
      1,200 SF

      Brighton Beach Retail Space

      Thriving Business, Turnkey Opportunity
      3063 Brighton 8Th St, Brooklyn, NY 11235
      View Details
    • $189,000

      Brighton Beach Beauty Salon

      Established Salon, Prime Location
      1087 Brighton Beach Ave, Brooklyn, NY 11235
      View Details
    • $175,000
      2,200 SF

      Manhattan Beach Restaurant Ready Space

      Restaurant-ready space with fully equipped kitchen and outdoor seating.
      109 Oriental Blvd, Brooklyn, NY 11235
      View Details
    • $200,000
      2,200 SF

      Sheepshead Bay Commercial Space

      Prime location, 2200 sq ft, high ceilings.
      3121 Ocean Ave, Brooklyn, NY 11235
      View Details
    • $2,900,000
      4,892 SF

      Mixed-Use Building in Sheepshead Bay

      Mixed-use building with residential and commercial units in prime location.
      2776 Coney Island Ave, Brooklyn, NY 11235
      View Details
    • $119,000
      600 SF

      1520 Sheepshead Bay Rd

      Retail properties & Spaces • 600 SF
      1520 Sheepshead Bay Rd, Brooklyn, NY 11235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,713 SF

      Brighton Beach Medical Office Space

      Newly renovated, prime retail/medical space available.
      224 Brighton Beach Ave, Brooklyn, NY 11235
      View Details
    • $71 SF/Yr
      1 SF

      Brighton Beach Retail Trio

      Three prime retail spaces, 800 sqft each.
      0 1103-1105-1107 Brighton Bch Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      22,000 SF

      Prime Brooklyn Retail Space

      22,000 SF Retail Building, Available Now
      3165 Harkness Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      7,000 SF

      Brooklyn Retail/Mixed-Use Space Available

      7,000 SF ground floor space suitable for mixed-use purposes.
      2403-2411 Avenue X, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      2,100 SF

      Crown Heights Retail Space Available

      Retail space available for lease in Crown Heights, Brooklyn.
      539 Parkway Ct E, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      1,000 SF

      Prime Brooklyn Retail Space

      1,000 SF Retail, High Traffic
      3165 Coney Island Ave, Brooklyn, NY 11235
      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.
    2576 14Th St
    Brooklyn, NY 11235
    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.
    Sign Up Successful!
    You now have access to more from Realmo!