Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1315 53rd St Brooklyn, NY 11219-5450

    • Investment properties
    • 5,032 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $1,080,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1931368
    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

    • 1 Hour Implants / Dental Office
    • Beyond Dentistry Laser Center / Dental Office

    Property Details for 1315 53rd St

    Year built
    1980
    Lot size
    0.05 lot acres
    Property size
    5,032 SF
    Zone code
    R6
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    05663-0068
    APU
    56630068

    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
    Kings
    State
    New York
    Longitude
    -73.9938
    Latitude
    40.6327
    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
    $16,902
    $33,720
    $118,380
    $152,100
    -
    $562,000
    $1,973,000
    $2,535,000

    Comparable in this City

    • Value Estimation
      $685,000
      3,000 SF

      4924 Ft Hamilton Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      4924 Ft Hamilton Pkwy, Brooklyn, NY 11219-3344
      View Details
    • Value Estimation
      $775,000
      3,500 SF

      4609-4611 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,500 SF
      4609-4611 13th Ave, Brooklyn, NY 11219
      View Details
    • Value Estimation
      $530,000
      2,277 SF

      6205 11th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,277 SF
      6205 11th Ave, Brooklyn, NY 11219-5205
      View Details
    • Value Estimation
      $795,000
      3,600 SF

      6706 11th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,600 SF
      6706 11th Ave, Brooklyn, NY 11219-5903
      View Details
    • Value Estimation
      $860,000
      4,000 SF

      4202 14th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,000 SF
      4202 14th Ave, Brooklyn, NY 11219-1403
      View Details
    • Value Estimation
      $850,000
      3,840 SF

      6715 14th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,840 SF
      6715 14th Ave, Brooklyn, NY 11219-6298
      View Details

    Similar Nearby for Sale

    • $6,300,000
      14,400 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use corner property in Brooklyn with investment and growth potential.
      1375 65Th St, Brooklyn, NY 11219
      View Details
    • $3,800,000
      5,400 SF

      Brooklyn Multi-Unit Investment Opportunity

      Eight-unit commercial building in prime Boro Park location.
      4924 13Th Ave, Brooklyn, NY 11219
      View Details
    • $3,499,000
      5,250 SF

      Renovated Brooklyn Office Building

      Gut renovated office building with six commercial spaces in Brooklyn.
      6326 New Utrecht Ave, Brooklyn, NY 11219
      View Details
    • $5,888,888
      0.07 Acres

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in prime Brooklyn location near transportation and amenities.
      6402 11Th Ave, Brooklyn, NY 11219
      View Details
    • $2,900,000
      2,000 SF

      Mixed-Use Investment Opportunity, Brooklyn

      Mixed-use building in high-traffic area with residential and commercial units.
      5021 10Th Ave, Brooklyn, NY 11219
      View Details
    • $1,999,000
      4,512 SF

      Dyker Garden Community Space ForSale

      New 4,512 SF mixed-use space in Dyker Heights, Brooklyn.
      1238 63Rd St, Brooklyn, NY 11219
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      5,300 SF

      Brooklyn Warehouse - 5,300 SF

      Spacious Brooklyn warehouse, ideal for various uses.
      1229 60Th St, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      6,700 SF

      Industrial Space Available For Rent

      6,700 SF industrial space available for lease.
      1115 53Rd St, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      4,185 SF

      Boro Park Ground Floor Office

      Spacious, renovated office in excellent location, ready for occupancy.
      1267 57Th St, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      1,500 SF

      Brooklyn Office Space For Rent

      1500 sqft office space available in Brooklyn, NY.
      4802 13Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      10,000 SF

      Executive Suites, Boro Park

      Prime Brooklyn Office Space Available
      5220 13Th Ave, Brooklyn, NY 11219
      View Details
    • Contact for pricing
      8,337 SF

      Medical Space in Excellent Location

      New medical rooms near transportation and medical facilities for rent.
      1021 38Th 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.
    1315 53rd St
    Brooklyn, NY 11219-5450
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!