Property profile

1420 Atlantic Ave 1 Brooklyn, NY 11216

OFF-MARKET
Motels
Property ID
US63-0887809
20,950 SF 0.18 ac lot Built 2012
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 2012
Total area 20,950 SF
Lot 0.18 ac (8,000 SF)
Zoning code C8-2
APN 01202-0032
UPID US63-0887809

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1420 Atlantic Ave, Unit 1 Brooklyn, NY 11216-2812
Brooklyn metro Census 31300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$857k
Blend (final) Blend
$750k

Owner & transaction history

since 2009
4 recorded transactions
2018
Price N/A
2009
$1.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C8-2 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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