Property profile & analytics
2874 Nostrand Ave Brooklyn, NY 11229
- Investment properties
- 2,540 SF
- 0.05 lot acres
Location Intelligence
Property ID
US63-0953299
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
- Fleischman Schulof & Schreiber / Accountant
Property Details for 2874 Nostrand Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 2,540 SF
- Zone code
- R3-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 07690-0066
- APU
- 76900066
Description
This exceptional 2,300 square foot commercial property at 2874 Nostrand Avenue in Brooklyn, NY, presents a unique investment opportunity. Built in 1931, this two-story building sits on a 2,100 square foot lot in the Kings County neighborhood and offers a single-tenant occupancy. The space is ideally suited for use as an office or restaurant, boasting a versatile layout that includes 1300 square feet on the main level and an additional 1000 square feet of finished basement space. Key features include central air conditioning, a bathroom, and high ceilings. Utilities are conveniently handled with hot water and gas included in the $4,500 monthly rent
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $1,010,000
- 7%
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,135,000
- Geo Method
- $1,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $940,000
- Retail
- $1,060,000
- Mixed-Use
- $985,000
- Hospitality
- $1,220,000
- Educational
- $885,000
- Residential Income
- $870,000
- Energy
- $1,025,000
- Income-Based Land
- $1,045,000
- Food Service
- $1,010,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9448
- Latitude
- 40.6142
- 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
$6,908
$12,960
$50,700
$63,660
-
$216,000
$845,000
$1,061,000
