160 Dikeman St Brooklyn, NY 11231-1117
Property profile & analytics
160 Dikeman St, Brooklyn, NY 11231-1117
- Office buildings
- 11,325 SF
- 0.11 lot acres
Property ID
US63-3239448
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.
Location Intelligence
Current Use by Public Records
- KSK Construction Group - Headquarters / Construction Company / General Contractor
- Ava Blue Oasis / Alternative Medicine Practice / Spa & Massage Center
- Spencer Mueller Clinic / Alternative Medicine Practice / Spa & Massage Center
Property Details for 160 Dikeman St
- Year built
- 2018
- Lot size
- 0.11 lot acres
- Property size
- 11,325 SF
- Zone code
- M2-1
- Property type
- Office buildings
- APN
- 00574-0035
- APU
- 5740035
Description
This exceptional five-story, 14,532 square foot flex building at 160 Dikeman Street in Brooklyn, NY, presents a unique investment opportunity. Built in 2020, this Class B property boasts a modern design with a steel-clad exterior and is currently vacant. The building features a parking garage/delivery space, a retractable roof deck, and a penthouse offering 360-degree views of the Manhattan, Brooklyn, and New Jersey skylines. Its M2-1 zoning allows for diverse uses, from office and retail to other commercial applications. The asking price is $8,900,000, representing a price per square foot of $612.44 and a pro-forma cap rate of 7.82% with a pro-forma NOI of $695,792. Situated on a 4,999 square foot lot, this 42-foot-wide building is essentially turn-key, requiring only interior build-outs. The property is eligible for several incentives including ICAP, CRT, REAP, QOZ, ECSP, and IBZ, offering significant cost savings and maximizing return on investment. Its location in the thriving Red Hook tech hub, with easy access to the NYC Ferry, provides unparalleled convenience and access to a vibrant community. This property is ideal for owner-users or investors seeking a high-return, versatile commercial space in a rapidly developing area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,025,000
- 6.5%
- $4,635,000
- 7%
- $4,305,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0151
- Latitude
- 40.6781
- 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
$103,050
$229,950
$742,950
$972,900
-
$511,000
$1,651,000
$2,162,000
