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    43 Underhill Ave Brooklyn, NY 11238

    • Retail residential properties
    • 7,100 SF
    • 0.05 lot acres
    For Lease
    View listing
    Value Estimation
    $530,000
    Location Intelligence
    Property ID
    US63-5723861
    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

    • Retail residential properties

    Property Details for 43 Underhill Ave

    Year built
    1931
    Lot size
    0.05 lot acres
    Property size
    7,100 SF
    Zone code
    R6A
    Property type
    Retail residential properties
    APN
    01131-0001
    APU
    11310001

    Description

    This exceptional 944-square-foot flex space at 43 Underhill Avenue in Brooklyn, New York, presents a unique opportunity for a variety of businesses. Located in Kings County, this single-tenant property offers versatile space ideal for retail, industrial, or restaurant use. The building boasts a 10-foot ceiling height, providing ample vertical space for storage or creative design. The entire 944 square feet is currently vacant and ready for immediate occupancy. The property's flexible zoning allows for a range of potential uses, making it an attractive option for entrepreneurs and established businesses alike. Its convenient location in Brooklyn offers easy access to major transportation routes and a vibrant, diverse community. This is a rare opportunity to secure a well-situated, adaptable space in a thriving New York City neighborhood. The property is available for lease and is ready for your business to thrive. The address is 43 Underhill Avenue, Brooklyn, NY 11238. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $610,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $505,000
      Mixed-Use
      $510,000
      Hospitality
      $505,000
      Educational
      $495,000
      Residential Income
      $465,000
      Energy
      $450,000
      Income-Based Land
      $590,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9648
    Latitude
    40.6797
    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
    $95,978
    $66,600
    $701,100
    $767,700
    -
    $148,000
    $1,558,000
    $1,706,000

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    43 Underhill Ave
    Brooklyn, NY 11238
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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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