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    224 Manhattan Ave brooklyn, NY 11206

    • Investment properties
    • 4,936 SF
    • 0.04 lot acres
    For Sale
    View listing
    $2,700,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-1134303
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manhattan Venue & Food Inc / Event Venue

    Property Details for 224 Manhattan Ave

    Year built
    1920
    Lot size
    0.04 lot acres
    Property size
    4,936 SF
    Zone code
    R6B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02788-0002
    APU
    27880002

    Description

    This exceptional mixed-use property at 224 Manhattan Avenue in Brooklyn, NY, 11206, presents a rare investment opportunity. Offered at $2,700,000, this building boasts a compelling blend of residential and commercial income streams. The structure comprises five residential units, each a two-bedroom, one-bathroom apartment. Currently, the building is partially vacant and features year-to-year tenants only. Adding to its appeal is a commercial space, recently renovated in 2015 and previously operated as a bar. This versatile space offers significant potential for a variety of businesses. The building's location in the vibrant Brooklyn neighborhood provides easy access to local amenities, transportation, and a thriving community. This is a unique chance to acquire a well-positioned mixed-use property with established income and significant upside potential. The building has not been on the market since the 1970s, making this a truly exceptional offering. Private showings are currently required. The square footage is not currently available.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $420,000
      Mixed-Use
      $415,000
      Hospitality
      $475,000
      Educational
      $505,000
      Residential Income
      $390,000
      Energy
      $385,000
      Income-Based Land
      $425,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9453
    Latitude
    40.7109
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,822
    $10,350
    $488,250
    $498,600
    -
    $23,000
    $1,085,000
    $1,108,000

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    • Value Estimation by Request
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      245 Boerum St

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    • Value Estimation
      $2,540,000
      3,000 SF

      243 Bushwick Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
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    • Value Estimation
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      71 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,125 SF
      71 Central Ave, Brooklyn, NY 11206-6348
      View Details
    • Value Estimation
      $410,000
      4,574 SF

      144 Evergreen Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,574 SF
      144 Evergreen Ave, Brooklyn, NY 11206-6150
      View Details

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    224 Manhattan Ave
    brooklyn, NY 11206
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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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