Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1238 63rd Stp93 Brooklyn, NY 11219-6644
    Back to Search
    Property profile & analytics

    1238 63rd Stp93 Brooklyn, NY 11219-6644

    View on Map
    • Parking lots & garages
    • 150 SF
    Off-Market
    Last Sale Dec 24, 2024
    $580,000
    Property ID
    US63-0810855
    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
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chimney Sweep Service LLC / General Contractor / Renovation Specialist
    • Dyker Gardens Condominium / Condominium Complex
    • Brookyln / Department Store

    Property Details for 1238 63rd Stp93

    Year built
    2019
    Property size
    150 SF
    Zone code
    R5B
    Property type
    Parking lots & garages
    APN
    05739-1339
    APU
    57391339

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $609,000
      Market price range: $442k - $689k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0016
    Latitude
    40.6274
    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
    $957
    $4,796
    $4,237
    $9,033
    -
    $10,657
    $9,415
    $20,072

    Comparable in this City

    • Value Estimation by Request

      1542 Ovington Ave, Unit P2

      PARKING LOT
      1542 Ovington Ave, Brooklyn, NY 11219-6634
      View Details
    • Value Estimation by Request

      1542 Ovington Ave, Unit P5

      PARKING LOT
      1542 Ovington Ave, Brooklyn, NY 11219-6634
      View Details
    • Value Estimation by Request

      1480 67th Stp5

      PARKING LOT
      1480 67th Stp5, Brooklyn, NY 11219-6411
      View Details
    • Value Estimation by Request

      1482 67th Stp6

      PARKING LOT
      1482 67th Stp6, Brooklyn, NY 11219-6201
      View Details
    • Value Estimation by Request

      1476 67th Stp1

      PARKING LOT
      1476 67th Stp1, Brooklyn, NY 11219-6201
      View Details
    • Value Estimation by Request

      1369 Bay Rdg Avep8

      PARKING LOT
      1369 Bay Rdg Avep8, Brooklyn, NY 11219-6179
      View Details

    Similar Nearby for Sale

    • $2,650,000
      3,420 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use property with storefront and four residential units.
      6005 Fort Hamilton Pkwy, Brooklyn, NY 11219
      View Details
    • New
      $1,790,000
      1,200 SF

      Brooklyn Mixed-Use Investment Opportunity

      Renovated mixed-use building in Dyker Heights with commercial space.
      6727 13Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      750 SF

      Boro Park Commercial Condo

      Commercial condo for sale in Boro Park / Sunset Park.
      970 41St St, Brooklyn, NY 11219
      View Details
    • $1,999,000
      2,760 SF

      Brooklyn Mixed-Use Building For Sale

      Mixed-use building in Brooklyn with store and residential units.
      4824 New Utrecht Ave, Brooklyn, NY 11219
      View Details
    • $3,800,000
      5,400 SF

      Prime Brooklyn Multi-Unit Building

      Eight-unit commercial building in bustling Boro Park retail corridor.
      4924 13Th Ave, Brooklyn, NY 11219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,417 SF

      Versatile Space in Busy Neighborhood

      Ground floor space ideal for retail, office, or kitchen.
      5614 New Utrecht Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      800 SF

      Borough Park Retail/Office Space

      Retail/office space in prime Borough Park location, ready to move.
      4318 13Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      750 SF

      Prime Boro Park Retail Space

      Retail space for rent on bustling 16th Ave.
      4410 16Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      650 SF

      Brooklyn Retail Space Available

      Retail space available for rent in Brooklyn, New York.
      5115 13Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      3,124 SF

      Brooklyn Retail Space For Rent

      Retail space available in Brooklyn with 100' wraparound frontage.
      5101 13Th Ave, Brooklyn, NY 11219
      View Details
    • $3,000 /Mo
      1,000 SF

      Corner Retail Space Available

      1000 SF corner retail space with high visibility.
      970 41St St, Brooklyn, NY 11219
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1238 63rd Stp93
    Brooklyn, NY 11219-6644
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1238 63rd Stp93, Brooklyn, NY, 11219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!