Property profile

105 Belmont Ave Brooklyn, NY 11212

OFF-MARKET
Investment properties
Property ID
US63-0852404
3,200 SF 0.02 ac lot Built 1899
Trust Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 105 Belmont Ave in Brooklyn, NY 11212, presents a compelling investment opportunity. Priced at $810,000, this 0.02-acre lot features a two-family building with a vacant storefront, offering immediate income potential and future development possibilities. The upper floors comprise two separate two-bedroom apartments, currently occupied by tenants. The vacant storefront provides a blank canvas for a variety of commercial ventures, catering to the vibrant local community. The property's location in Brooklyn, NY, offers easy access to transportation, amenities, and a thriving market. This is an ideal investment for those seeking a blend of immediate rental income and long-term growth potential. The property's size and existing structure provide a solid foundation for a variety of investment strategies, from holding and managing the existing units to undertaking renovations and repositioning the property to maximize its value. The existing tenants provide a stable income stream, mitigating risk and offering a clear path to positive cash flow. This is a rare opportunity to acquire a mixed-use property in a prime Brooklyn location. The property is sold with tenants in place. The square footage of the building is not currently available.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1899
Total area 3,200 SF
Lot 0.02 ac (1,000 SF)
Zoning code R6
APN 03726-0038
UPID US63-0852404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant

Location

105 Belmont Ave Brooklyn, NY 11212-7728
Brooklyn metro Census 90800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2019
Price N/A
2014
Price N/A

Zoning & alternative use

R6 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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