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

    1609 Voorhies Ave, Unit 1615 Brooklyn, NY 11235-4092

    • Retail residential properties
    • 25,000 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $7,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6150456
    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

    • Barbershop D.A. - Sheepshead Bay - Brooklyn / Barber Shop
    • Barber Shop D.A. - Kid Friendly / Barber Shop
    • ROSEBOMB / (Bike/Boat/Book/etc) Store / Florist
    • BEAUTY ART STUDIO / Hair Salon / Nail Salon
    • BarberShop D.A / Barber Shop

    Property Details for 1609 Voorhies Ave

    Year built
    2017
    Lot size
    0.11 lot acres
    Property size
    25,000 SF
    Zone code
    C4-2
    Property type
    Retail residential properties
    APN
    07459-0146
    APU
    74590146

    Description

    This exceptional six-story, 25,000 square foot traditional office building, constructed in 2017, presents a unique single-tenant occupancy opportunity in the vibrant Brooklyn, NY market. Located at 1609 Voorhies Avenue, zip code 11235, this property sits on a 4,954 square foot lot and is zoned C4-2. The building features a convenient elevator for easy access to all floors. The available space encompasses a substantial main room and a desirable outdoor area, perfect for employee breaks or client meetings. Its strategic location offers unparalleled convenience, being steps away from public transportation, ensuring effortless commutes for employees and clients alike. The high visibility location benefits from an average daily traffic count exceeding 20,000 vehicles, providing excellent exposure for any business. This is a single-tenant building, offering a unique opportunity for a business seeking a modern, well-located, and spacious office environment. The building's modern design and prime location make it an ideal choice for a variety of businesses seeking a prominent presence in Brooklyn. This property offers a rare combination of size, location, and modern amenities, making it a highly desirable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,535,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9526
    Latitude
    40.5861
    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
    $25,407
    $156,150
    $1,552,050
    $1,708,200
    -
    $347,000
    $3,449,000
    $3,796,000

    Comparable in this City

    • Value Estimation
      $11,695,000
      19,686 SF

      273 Brighton Bch Ave

      STORE/OFFICE (MIXED USE) • 19,686 SF
      273 Brighton Bch Ave, Brooklyn, NY 11235-7410
      View Details
    • Value Estimation
      $1,250,000
      19,082 SF

      27 Brighton 11th St

      STORES & APARTMENTS • 19,082 SF
      27 Brighton 11th St, Brooklyn, NY 11235-5308
      View Details
    • Value Estimation
      $13,065,000
      72,715 SF

      3052 Brighton 1st St

      STORES & APARTMENTS • 72,715 SF
      3052 Brighton 1st St, Brooklyn, NY 11235-8088
      View Details
    • Value Estimation by Request
      3,042 SF

      3014 Brighton 6th St

      STORES & APARTMENTS • 3,042 SF
      3014 Brighton 6th St, Brooklyn, NY 11235-6410
      View Details
    • Value Estimation
      $3,300,000
      3,621 SF

      406 Brighton Bch Ave

      STORES & APARTMENTS • 3,621 SF
      406 Brighton Bch Ave, Brooklyn, NY 11235-6968
      View Details
    • Value Estimation
      $1,090,000
      2,500 SF

      1727 Sheepshead Bay Rd

      STORE/OFFICE (MIXED USE) • 2,500 SF
      1727 Sheepshead Bay Rd, Brooklyn, NY 11235-4455
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Brooklyn Retail/Mixed-Use Space Available

      7,000 SF ground floor space suitable for mixed-use purposes.
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      View Details
    • Contact for pricing
      10,200 SF

      Prime Brooklyn Office Space

      Modern 10,200 sq ft office building, divisible.
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    • $71 SF/Yr
      1 SF

      Brighton Beach Retail Trio

      Three prime retail spaces, 800 sqft each.
      0 1103-1105-1107 Brighton Bch Ave, Brooklyn, NY 11235
      View Details
    • $4,000 /Mo
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      Brighton Beach Office Space Available

      Fully built-out office space in prime Brighton Beach location.
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    • Contact for pricing
      1,874 SF

      Retail Space on Nostrand Avenue

      Retail space with high traffic and immediate availability.
      3809 Nostrand Ave, Brooklyn, NY 11235
      View Details
    • $2,800 /Mo
      1,100 SF

      Brighton Beach Office Space Available

      Office space for lease in prime Brighton Beach location.
      3071 Brighton 13Th St, Brooklyn, NY 11235
      View Details
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    1609 Voorhies Ave, Unit 1615
    Brooklyn, NY 11235-4092
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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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