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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Thatford Ave Brooklyn, NY 11212

    • Commercial real estate
    • 5,004 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1225878
    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

    • Outreach Restoration Church / Apostolic Church

    Property Details for 100 Thatford Ave

    Property size
    5,004 SF
    Property type
    Commercial real estate

    Description

    This exceptional 5,004-square-foot office building at 100 Thatford Avenue in Brooklyn, NY 11212 presents a compelling investment opportunity. Located in Brownsville's rapidly revitalizing area, this property sits on a 50ft x 100.08ft lot and offers significant redevelopment potential. The current zoning (C4) allows for a variety of uses, with potential for rezoning to R6, R7, or R8, allowing for residential development exceeding 5,004 square feet of residential area, with flexibility in the number of residential units combined with commercial space. The property boasts favorable Floor Area Ratios (FAR): 2.43 residential and 3.40 commercial. This prime location benefits from proximity to major transportation hubs, including the L train (Sutter Avenue station), the #3 and #4 trains (Rockaway Avenue station), and the A, C, J, and L lines (Broadway Junction). Convenient bus routes (B14 and B60) and easy access to the Jackie Robinson Parkway and the Belt Parkway further enhance its accessibility. The surrounding area is experiencing significant development, with numerous projects underway or planned on the same block and nearby streets, including 99 Thatford Avenue, 118 Thatford Avenue, 108-116 Thatford Avenue, and 120 Osborn Street. Its strategic location near Crown Heights, Bushwick, Cypress Hills, East Flatbush, and East New York, and its proximity to the bustling Pitkin Avenue, positions this property for exceptional growth and return on investment. The asking price is $2,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    36047
    State
    New York
    Longitude
    -73.9099413
    Latitude
    40.6692833

    Comparable in this City

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    • $1,508,000
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      Brooklyn Mixed-Use Property For Sale

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      Brooklyn Multifamily Investment Opportunity

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    Similar Nearby for Sale

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      Rutland Road Mixed-Use Building

      East Flatbush investment opportunity: high NOI potential.
      986 Rutland Rd, Brooklyn, NY 11212
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    • Contact for pricing
      2,000 SF

      Prime Brooklyn Mixed-Use Building

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      92 Livonia Ave, Brooklyn, NY 11212
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    • $1,649,000
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      Brooklyn Development Site: 14,500 SF

      Prime Brownsville land, R6 zoning, buildable residential.
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    • $1,900,000
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      Prime Brooklyn Retail Investment

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    • $1,900,000
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      Prime Brownsville Storefront

      High-Yield Retail Investment Opportunity
      1622 Pitkin Ave, Brownsville, NY 11212
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    • $2,300,000
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      Rockaway Avenue Commercial Building

      Brooklyn Retail/Industrial Investment Opportunity
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    Similar Nearby for Lease

    • $7,875 /Mo
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      Brooklyn Commercial Space For Lease

      2,700 sq ft commercial space in a mixed-use building.
      110 Thatford Ave, Brooklyn, NY 11212
      View Details
    • Contact for pricing
      2,000 SF

      Brooklyn Office Space with Storage

      Well-kept office space with storage and high traffic location.
      467 Thomas S Boyland St, Brooklyn, NY 11212
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    • $6,967 /Mo
      2,200 SF

      Brooklyn Commercial Space For Lease

      2,200 sq ft commercial space in mixed-use building.
      451 Rockaway Ave, Brooklyn, NY 11212
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    • $18 SF/Yr
      2,400 SF

      Prime Pitkin Avenue Office Space

      Two Suites, 1200 sq ft, High Traffic
      1546 Pitkin Ave, Brooklyn, NY 11212
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    • $2,042 /Mo
      700 SF

      Brooklyn Commercial Space For Lease

      700 sq ft commercial space in mixed-use Brooklyn building.
      110 Thatford Ave, Brooklyn, NY 11212
      View Details
    • $12,250 /Mo
      4,200 SF

      Brooklyn Commercial Space For Lease

      4,200 sq ft commercial space in a mixed-use building.
      110 Thatford Ave, Brooklyn, NY 11212
      View Details
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    100 Thatford Ave
    Brooklyn, NY 11212
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    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
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