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    1070 Bedford Ave Brooklyn, NY 11216-4791
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    Property profile & analytics

    1070 Bedford Ave, Brooklyn, NY 11216-4791

    View on Map
    • Investment properties
    • 2,552 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US63-4099507
    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.
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bombay Heights / Restaurant
    • Aim Realty Services Inc / Real Estate Agency

    Property Details for 1070 Bedford Ave

    Year built
    1958
    Lot size
    0.03 lot acres
    Zone code
    R7A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01954-0027
    APU
    19540027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2019 — 1070 Bedford LLC — Deed · related $17k · Flushing Bk
    May 9, 2013 $675,000 1070 Bedford LLC 1070 Bedford Avenue INC Grant Deed $450k · Peter
    Mar 17, 2010 — 1070 Bedford Avenue INC Weaver,kecia Grant Deed —
    Jan 21, 2010 — Kecia Weaver Imhotep Dev Realty LLC Grant Deed —
    Sep 7, 2000 $45,000 Rockpoint Development LLC Ogunlana,segun J Grant Deed —
    — — 1070 Bedford LLC — Deed Of Trust · related $17k · Flushing Bk
    — — 1070 Bedford LLC — Loan Modification · related $650k · Flushing Bk
    — — Imhotep Dev Realty LLC — Deed Of Trust · related $460k · Peter Weiss
    — — 1070 Bedford LLC — Loan Modification · related $700k · Signature Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $905,000
      Market price range: $905k - $1.54M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,130,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9551
    Latitude
    40.6882
    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
    $1,269
    $2,220
    $26,760
    $28,980
    -
    $37,000
    $446,000
    $483,000

    Comparable in this City

    • Value Estimation
      $895,000
      3,225 SF

      1375 Bedford Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1375 Bedford Ave, Brooklyn, NY 11216-5482
      View Details
    • Value Estimation
      $845,000
      3,000 SF

      577 Nostrand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      577 Nostrand Ave, Brooklyn, NY 11216-3108
      View Details
    • Value Estimation
      $1,170,000
      4,356 SF

      281 Nostrand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      281 Nostrand Ave, Brooklyn, NY 11216-5585
      View Details
    • Value Estimation
      $650,000
      2,280 SF

      704 Dekalb Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      704 Dekalb Ave, Brooklyn, NY 11216-1004
      View Details
    • Value Estimation
      $2,375,000
      5,589 SF

      44 Decatur St, Unit 46

      OFFICE/RESIDENTIAL (MIXED USE)
      44 Decatur St, Brooklyn, NY 11216-2504
      View Details
    • Value Estimation
      $1,800,000
      3,640 SF

      1318 Fulton St

      OFFICE/RESIDENTIAL (MIXED USE)
      1318 Fulton St, Brooklyn, NY 11216-5241
      View Details

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      7,020 SF

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      Land in prime Brooklyn location with excellent transit connectivity.
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      Mixed-Use Building with Parking

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    Similar Nearby for Lease

    • Contact for pricing

      Brooklyn Commercial Space For Rent

      High-quality commercial rentals in Brooklyn's Bed-Stuy neighborhood.
      1217 Bedford Ave, Brooklyn, NY 11216
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    • Contact for pricing
      Pending

      Brooklyn Mixed-Use Unit For Rent

      One bedroom, one bath mixed-use unit in Brooklyn available for rent.
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    • $4,200 /Mo
      2,775 SF

      Brooklyn Mixed-Use Leasing Opportunity

      Prime commercial space with ground floor and basement in Brooklyn.
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    • Contact for pricing

      Vented Restaurant Space Available

      Second-generation type-1 vented restaurant with new gas line.
      Manhattan, NY 11216
      View Details
    • $2,800 /Mo

      Renovated Brooklyn Apartment with Backyard

      Two-bedroom apartment in Bedford-Stuyvesant with private outdoor space.
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      View Details
    • $6,500 /Mo

      1440 Fulton St

      1700 SF Ground Floor in Bedstuy's Retail Corridor
      1440 Fulton St, Brooklyn, NY 11216
      View Details
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    Brooklyn, NY 11216-4791
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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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