168 Havemeyer St Brooklyn, NY 11211
Property profile & analytics
168 Havemeyer St, Brooklyn, NY 11211
- Office buildings
- 16,638 SF
- 0.07 lot acres
Property ID
US63-6253360
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
- Brooklyn Vapor & Smoke Shop Hookah E Cigs Vaporizers / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
- South 2nd Pharmacy / Pharmacy
Property Details for 168 Havemeyer St
- Year built
- 1950
- Lot size
- 0.07 lot acres
- Property size
- 16,638 SF
- Zone code
- R6
- Property type
- Office buildings
- APN
- 02420-0030
- APU
- 24200030
Description
This exceptional Williamsburg, Brooklyn medical building presents a compelling investment opportunity. The 10,549 square foot, four-story property is situated on a 3,045 square foot lot at 168 Havemeyer Street, boasting dual frontage on Havemeyer Street and South 3rd Street. Currently 100% occupied with a diverse mix of medical tenants, the building features medical-related retail space on the ground floors and medical office space on the upper levels. These long-standing tenants, operating for over 15 years, contribute to a strong net operating income (NOI) of approximately $900,000, with annual rent increases of 4%. Built in 1950, the building is well-maintained and benefits from a flexible zoning designation (R6, C1-3), offering a 2.2 floor area ratio (FAR) for residential use. This allows for potential future conversion of the upper floors to residential units, significantly enhancing long-term value. Located in a thriving area of Williamsburg, this property is ideal for investors seeking immediate cash flow and future development potential within the vibrant Brooklyn medical market. The property's address is 168 Havemeyer Street, Brooklyn, NY 11211.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,380,000
- 6.5%
- $6,810,000
- 7%
- $6,325,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,475,000
Market price range: $496k - $5.49M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $9,160,000 Current use
- COMMERCIAL (GENERAL)
- $11,195,000 Change: +22% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $9,445,000 Change: +3% Conversion: Difficult
- WAREHOUSE, STORAGE
- $8,340,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9581
- Latitude
- 40.7112
- 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
$185,327
$126,000
$2,401,650
$2,527,650
-
$280,000
$5,337,000
$5,617,000
