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    Property profile & analytics

    15 Graham Ave, Unit 25 Brooklyn, NY 11206-4007

    • Retail space
    • 14,300 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Oct 12, 2023
    Value Estimations
    $8,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2662809
    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

    • Popular Bank / Bank / Loan Service
    • ATM (Popular Community Bank) / Atm

    Property Details for 15 Graham Ave

    Year built
    1951
    Lot size
    0.34 lot acres
    Property size
    14,300 SF
    Zone code
    C4-3
    Property type
    Retail space
    APN
    03119-0027
    APU
    31190027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,430,000
      6.5%
      $10,550,000
      7%
      $9,795,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,010,000
      Current use
      AUTO REPAIR, GARAGE
      $11,360,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9426
    Latitude
    40.7019
    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
    $140,065
    $297,000
    $1,561,950
    $1,858,950
    -
    $660,000
    $3,471,000
    $4,131,000

    Comparable in this City

    • Value Estimation
      $920,000
      2,409 SF

      147 Manhattan Ave Ste, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 2,409 SF
      147 Manhattan Ave Ste, Brooklyn, NY 11206-1125
      View Details
    • Value Estimation by Request
      864 SF

      147 Manhattan Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      147 Manhattan Ave, Brooklyn, NY 11206-2226
      View Details
    • Value Estimation
      $7,255,000
      13,768 SF

      585 Marcy Ave, Unit C1

      RETAIL STORES (PERSONAL SERVICES) • 13,768 SF
      585 Marcy Ave, Brooklyn, NY 11206-6687
      View Details
    • Value Estimation
      $575,000
      1,250 SF

      105 Moore St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      105 Moore St, Brooklyn, NY 11206-3302
      View Details
    • Value Estimation by Request
      423 SF

      40 Debevoise St, Unit CFU

      RETAIL STORES (PERSONAL SERVICES) • 423 SF
      40 Debevoise St, Brooklyn, NY 11206-4260
      View Details
    • Value Estimation
      $1,280,000
      2,793 SF

      591 Bushwick Ave, Unit BCU

      RETAIL STORES (PERSONAL SERVICES) • 2,793 SF
      591 Bushwick Ave, Brooklyn, NY 11206-4628
      View Details

    Similar Nearby for Sale

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    • $1,800,000
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      Four-story mixed-use property in prime Brooklyn location.
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      Brooklyn Mixed-Use Vacant Building

      Vacant 4-family mixed-use building with storefront in Brooklyn.
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    Similar Nearby for Lease

    • Contact for pricing
      20,500 SF

      Broadway Triangle Retail Space Available

      Retail space available at the corner of Broadway Triangle.
      10 Graham Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Vibrant Location

      600 SF retail space in a high-traffic Brooklyn location.
      602 Marcy Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      11,300 SF

      Prime Corner Retail Space Available

      New corner building with full frontage and major foot traffic.
      553-569 Marcy Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      6,000 SF

      Brooklyn Retail Space Available

      Retail space with gated storefront, prep and washing area.
      272-280 Seigel St, Brooklyn, NY 11206
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    • Contact for pricing
      500 SF

      Renovated Retail Space Near L Train

      Newly renovated retail space near Montrose Avenue L train.
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    • Contact for pricing
      10,355 SF

      Retail Space in Bushwick Brooklyn

      Retail space for lease in a rapidly growing Bushwick area.
      123 Melrose St, Brooklyn, NY 11206
      View Details
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    15 Graham Ave, Unit 25
    Brooklyn, NY 11206-4007
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    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
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