Property profile

161 Jamaica Ave Brooklyn, NY 11207

OFF-MARKET
Office buildings
Property ID
US63-0864110
7,874 SF 0.15 ac lot Built 1931
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a vacant, two-story commercial warehouse building on a 50 x 130 lot (lot size as described as 6,500 sq ft). The first floor has an approximately 11-foot ceiling height. The site includes a 1,550 sq ft side lot and features an existing loading dock. The building is located near public transportation, specifically the A, C, and L subway lines, and near Highland Park. The property is configured and intended for commercial/warehouse use, and it is presented in as-is condition.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1931
Total area 7,874 SF
Lot 0.15 ac (6,500 SF)
Zoning code R4
APN 03487-0016
UPID US63-0864110

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
  • Big Box & Wholesale Store
  • Wedding Service

Location

161 Jamaica Ave Brooklyn, NY 11207-2049
Brooklyn metro Census 114201 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2023
Last sale
$1.3M
2 recorded transactions
2023
$1.3M
2004
Price N/A

Zoning & alternative use

R4 · 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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