Technical
Financial
Distress signals
Property profile

162-164 Flatbush Ave Brooklyn, NY 11217

OFF-MARKET
Retail space
Property ID
US63-6276171
14,687 SF 0.19 ac lot Built 1921
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1921
Total area 14,687 SF
Lot 0.19 ac (8,100 SF)
Zoning code R7A
APN 00928-0036
UPID US63-6276171

Cap rate & NOI

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

Location

162-164 Flatbush Ave Brooklyn, NY 11217
Brooklyn metro Census 12901 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.84M
Comparable Approach Comparable
$5.76M
Blend (final) Blend
$8.71M

Owner & transaction history

since 2005
3 recorded transactions
2014
Price N/A
2012
Price N/A
2005
$8.0M

Zoning & alternative use

R7A · Brooklyn, NY
Top alternative use upside
Commercial (general) $12.2M +7.7%
Auto repair, garage $11.7M +3.2%

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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