Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    14 98th St Brooklyn, NY 11212-3825

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14 98th St Brooklyn, NY 11212-3825

    View on Map
    • Warehouses
    • 5,010 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US63-2617478
    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
    $1,185,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 14 98th St

    Year built
    1931
    Lot size
    0.12 lot acres
    Property size
    5,010 SF
    Zone code
    C8-2
    Property type
    Warehouses
    APN
    04600-0015
    APU
    46000015

    Description

    This exceptional 5,000-square-foot warehouse at 14 E 98th Street in Brooklyn, New York, is available for immediate lease. Located in Kings County (APN 4600-15), this single-tenant industrial property boasts a spacious layout perfect for a variety of uses. The high ceilings, measuring 14 feet, provide ample vertical storage space, while the convenient single drive-in door ensures efficient loading and unloading. The property is zoned C8-2, offering flexibility for various business operations. With 200 amps of power readily available, this warehouse is well-equipped to handle the demands of modern businesses. The entire 5,000 square feet is currently vacant, presenting a unique opportunity for a business seeking immediate occupancy in a desirable Brooklyn location. The property's address is 14 E 98th St, Brooklyn, NY 11212. Its ideal location makes it easily accessible for both employees and clients. This warehouse is perfectly suited for storage, retail, or general warehouse operations. Don't miss this chance to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9243
    Latitude
    40.6659
    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
    $19,170
    $91,350
    $132,750
    $224,100
    -
    $203,000
    $295,000
    $498,000

    Comparable in this City

    • Value Estimation
      $530,000
      1,763 SF

      1871 Pitkin Ave

      WAREHOUSE, STORAGE • 1,763 SF
      1871 Pitkin Ave, Brooklyn, NY 11212
      View Details
    • Value Estimation
      $555,000
      1,875 SF

      181 Powell St

      WAREHOUSE, STORAGE • 1,875 SF
      181 Powell St, Brooklyn, NY 11212-8104
      View Details
    • Value Estimation
      $17,295,000
      147,711 SF

      1203 New York Ave

      MINI-WAREHOUSE, STORAGE • 147,711 SF
      1203 New York Ave, Brooklyn, NY 11212-4127
      View Details
    • Value Estimation
      $1,340,000
      6,232 SF

      64 Herzl St

      WAREHOUSE, STORAGE • 6,232 SF
      64 Herzl St, Brooklyn, NY 11212
      View Details
    • Value Estimation by Request
      1,000 SF

      136 Junius St

      WAREHOUSE, STORAGE • 1,000 SF
      136 Junius St, Brooklyn, NY 11212
      View Details
    • Value Estimation
      $1,370,000
      5,000 SF

      236 Junius St

      WAREHOUSE, STORAGE • 5,000 SF
      236 Junius St, Brooklyn, NY 11212-8131
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Brooklyn Warehouse with Office Space

      11,000 SF warehouse with office in Brooklyn, NY.
      92 Junius St, Brooklyn, NY 11212
      View Details
    • Contact for pricing
      5,000 SF

      Brooklyn Warehouse with Rolling Gates

      5,000 sq ft Brooklyn warehouse with two rolling gates.
      236 Junius St, Brooklyn, NY 11212
      View Details
    • $695,000
      3,198 SF

      Brooklyn Multifamily Property For Sale

      Multifamily property in Brooklyn, NY, with 3198 square feet.
      403 East 96Th St, Brooklyn, NY 11212
      View Details
    • Contact for pricing
      5,700 SF

      Mixed-Use Building in Brownsville

      Mixed-use building with apartments and commercial space in Brooklyn.
      1508 Pitkin Ave, Brooklyn, NY 11212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,331 SF

      Brooklyn Retail Space Available

      Retail space available for rent in Brooklyn, New York.
      407 Dumont Ave, Brooklyn, NY 11212
      View Details
    • Contact for pricing
      6,900 SF

      Retail Space in Brooklyn Available

      6,900 SF retail space available for rent in Brooklyn.
      1518 Pitkin Ave, Brooklyn, NY 11212
      View Details
    • $3,000 /Mo

      Renovated Brooklyn Office Space Available

      Fully renovated office space in Brooklyn, ideal for various uses.
      1521 E New York Ave, Brooklyn, NY 11212
      View Details
    • $11,200 /Mo
      4,200 SF

      Brooklyn Mixed-Use Commercial Space

      4,200 sq ft commercial space in new mixed-use building.
      110 Thatford Ave, Brooklyn, NY 11212
      View Details
    • Contact for pricing
      1,800 SF

      Brooklyn Retail Space For Rent

      Retail space available in a high-traffic Brooklyn neighborhood.
      1598-1602 Pitkin Ave, Brooklyn, NY 11212
      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.
    14 98th St
    Brooklyn, NY 11212-3825
    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

    14 98th St, Brooklyn, NY, 11212

    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!