1188 President St Brooklyn, NY 11225-1704
Property profile & analytics
1188 President St Brooklyn, NY 11225-1704
- Retail residential properties
- 5,450 SF
- 0.06 lot acres
Property ID
US63-3361731
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.
Location Intelligence
Current Use by Public Records
- Covenant Keepers Ministries / Church
- Princess Tehillah’s Ministries / Church / Mosque
Property Details for 1188 President St
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 5,450 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 01282-0039
- APU
- 12820039
Description
This exceptional Class A retail property, located at 1188 President Street in the vibrant Crown Heights submarket of Brooklyn, New York, offers a unique opportunity for businesses seeking prime commercial space. Completed in 2024, this brand new, five-story building boasts a total of 13,750 square feet, with up to 2,750 square feet of divisible ground floor retail space available for lease. The space features a striking, preserved 1920s facade and benefits from excellent corner exposure with 127.5 square feet of wraparound frontage. Tenants can lease anywhere from 500 to 2,750 square feet, accommodating various business needs and allowing for multiple tenants or a single occupant. The property is conveniently located across from the President Street-Medgar Evers College 2,5 subway station, providing easy access for customers and employees. Its position on a busy retail corridor, near the intersection of Nostrand Avenue and just two blocks from Eastern Parkway and the Nostrand Avenue 3 train, ensures high visibility and foot traffic. The building includes a full basement with gas and venting already installed. The space will be delivered as a brand-new white box, ready for tenant build-out. This property is situated in a rapidly developing area with a surge in new residential and commercial projects, making it an ideal location for businesses seeking to establish a presence in a thriving community. The building features one elevator.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,935,000
- ML approach
- $2,770,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,295,000
- 6.5%
- $3,045,000
- 7%
- $2,825,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,295,000 Current use
- AUTO REPAIR, GARAGE
- $4,330,000 Change: +89% Conversion: Difficult
- RETAIL STORES
- $4,195,000 Change: +83% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,095,000 Change: +35% Conversion: Moderate
- OFFICE BUILDING
- $3,000,000 Change: +31% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,730,000 Change: +19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.951
- Latitude
- 40.668
- 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
$8,208
$31,050
$46,440
$77,490
-
$69,000
$103,200
$172,200
