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    Property profile & analytics

    187 Troy Ave, Unit 197 Brooklyn, NY 11213-2235

    • Retail space
    • 9,256 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Location Intelligence
    Property ID
    US63-5715563
    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

    • Primo Water Exchange / Bottled Water Supplier
    • Shop Fair of Troy Ave / Butcher Shop / Deli

    Property Details for 187 Troy Ave

    Year built
    1952
    Lot size
    0.23 lot acres
    Property size
    9,256 SF
    Zone code
    R6
    Property type
    Retail space
    APN
    01365-0001
    APU
    13650001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $715,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $730,000
      Geo Method
      $675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $685,000
      Retail
      $605,000
      Mixed-Use
      $715,000
      Hospitality
      $755,000
      Educational
      $785,000
      Residential Income
      $680,000
      Energy
      $720,000
      Income-Based Land
      $745,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.936
    Latitude
    40.6729
    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
    $70,230
    $101,250
    $587,700
    $688,950
    -
    $225,000
    $1,306,000
    $1,531,000

    Comparable in this City

    • Value Estimation by Request
      2,640 SF

      1583-1585 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      1583-1585 Fulton St, Brooklyn, NY 11213
      View Details
    • Value Estimation
      $610,000
      10,000 SF

      1690-1694 Atlantic Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      1690-1694 Atlantic Ave, Brooklyn, NY 11213
      View Details
    • Value Estimation
      $310,000
      900 SF

      1580 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      1580 Fulton St, Brooklyn, NY 11213-1124
      View Details
    • Value Estimation
      $560,000
      4,524 SF

      1606 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 4,524 SF
      1606 Fulton St, Brooklyn, NY 11213-1124
      View Details
    • Value Estimation
      $605,000
      13,000 SF

      1410 Saint Johns Pl

      RETAIL STORES (PERSONAL SERVICES) • 13,000 SF
      1410 Saint Johns Pl, Brooklyn, NY 11213-3810
      View Details
    • Value Estimation
      $585,000
      7,093 SF

      334 Utica Ave, Unit 342

      RETAIL STORES (PERSONAL SERVICES) • 7,093 SF
      334 Utica Ave, Brooklyn, NY 11213-5547
      View Details

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    Similar Nearby for Lease

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    187 Troy Ave, Unit 197
    Brooklyn, NY 11213-2235
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    Realmo Value Estimation

    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.

    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.

    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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