Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1348 7Th St Brooklyn, NY 11230

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5930137
    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

    • Commercial real estate

    Property Details for 1348 7Th St

    Property type
    Commercial real estate

    Description

    This exceptional opportunity presents a 2,000 square foot residential land parcel located at 1348 East 7th Street in the vibrant Kings (Brooklyn) County, New York, zip code 11230. Offered at $3,600,000, this property is being sold as a package deal with the adjacent property at 1350 East 7th Street (MLS#477824). Together, these properties comprise a substantial 40x100 foot lot, presenting a unique development opportunity. The existing building on the 1348 East 7th Street parcel has a 32-foot wide footprint, offering significant potential for expansion or redevelopment. Buyers can envision creating a massive custom home, taking full advantage of this expansive lot in a highly desirable Brooklyn neighborhood. The combined properties offer a rare chance to acquire a significant land holding in a prime location, ideal for those seeking a substantial residential project. This is a truly exceptional opportunity to build your dream home in a thriving Brooklyn community. The latitude and longitude coordinates are 40.6179636 and -73.9681702 respectively. This is a package deal; both properties must be purchased together.

    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 (Brooklyn)
    State
    New York
    Longitude
    -73.9681702
    Latitude
    40.6179636

    Comparable in this City

    • $1,099,000

      Prime Midwood Land - Brooklyn, NY

      Build Your Dream Home: 4,095 sq ft lot.
      1430 2Nd St, Brooklyn, NY 11230
      View Details
    • $3,994,990

      Ocean Ave Development Opportunity

      Brooklyn Multifamily Redevelopment
      1470 Ocean Ave, Brooklyn, NY 11230
      View Details
    • $249,900

      Ocean Parkway One-Bedroom Apartment

      One-bedroom apartment in doorman building near subway.
      770 Ocean Pkwy, Brooklyn, NY 11230
      View Details
    • $239,000

      Renovated Studio Apartment with Alcove

      Renovated studio apartment featuring a sleep alcove.
      868 E 7Th St, Brooklyn, NY 11230
      View Details
    • $319,000

      Brooklyn Apartment for Sale

      Apartment in Brooklyn available for purchase.
      915 E 17Th St, Brooklyn, NY 11230
      View Details
    • $479,000

      Spacious Brooklyn Co-op Apartment

      Two-bedroom co-op in Midwood, Brooklyn with ample natural light.
      1717 Avenue N 4D, Brooklyn, NY 11230
      View Details

    Similar Nearby for Sale

    • $1,099,000

      Prime Midwood Land - Brooklyn, NY

      Build Your Dream Home: 4,095 sq ft lot.
      1430 2Nd St, Brooklyn, NY 11230
      View Details
    • $3,994,990

      Ocean Ave Development Opportunity

      Brooklyn Multifamily Redevelopment
      1470 Ocean Ave, Brooklyn, NY 11230
      View Details
    • $249,900

      Ocean Parkway One-Bedroom Apartment

      One-bedroom apartment in doorman building near subway.
      770 Ocean Pkwy, Brooklyn, NY 11230
      View Details
    • $239,000

      Renovated Studio Apartment with Alcove

      Renovated studio apartment featuring a sleep alcove.
      868 E 7Th St, Brooklyn, NY 11230
      View Details
    • $319,000

      Brooklyn Apartment for Sale

      Apartment in Brooklyn available for purchase.
      915 E 17Th St, Brooklyn, NY 11230
      View Details
    • $479,000

      Spacious Brooklyn Co-op Apartment

      Two-bedroom co-op in Midwood, Brooklyn with ample natural light.
      1717 Avenue N 4D, Brooklyn, NY 11230
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Midwood Apartment with Modern Amenities

      Spacious 1-bedroom apartment with stainless steel appliances in Midwood.
      1067 E 23Rd St, Brooklyn, NY 11230
      View Details
    • $83,333

      Gravesend Bay Riparian Land Lease

      Riparian land for lease in Gravesend Bay, Brooklyn.
      Bay Pkwy, Brooklyn, NY 11230
      View Details
    • $50 SF/Yr
      475 SF

      Prime Brooklyn Office Space

      Renovated Office, 475 sq ft, Kings County
      1581 Mcdonald Ave, Brooklyn, NY 11230
      View Details
    • $28 SF/Yr
      1,200 SF

      Prime Kensington Office Space

      New Construction, 1200 sq ft Office
      623 H Ave, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      1,500 SF

      Brooklyn Office Space For Rent

      Office space for rent, ideal for small businesses.
      829 E 15Th St, Brooklyn, NY 11230
      View Details
    • Contact for pricing
      1,998 SF

      Brooklyn Office Space For Rent

      Office space available in an elevatored building near transportation.
      2044 Ocean Ave, Brooklyn, NY 11230
      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.
    1348 7Th St
    Brooklyn, NY 11230
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.