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213 Johnson Ave Brooklyn, NY 11206

Investment properties Google Maps
4,500 SF 0.05 ac lot Built 2001
Entity Owned 16-yr Hold ~ Est. High Equity
Estimated value (blended)
$535k
Range $482k – $589k (±10%)
Property ID US63-5667419

Property summary

AI-generated overview

This exceptional three-story mixed-use building in Williamsburg, Brooklyn offers a compelling investment opportunity. The property boasts 4,500 square feet of space, encompassing four 1-bedroom/1-bathroom residential units and a first-floor commercial space currently operating as a counseling office. Each residential unit features hardwood floors, and the potential exists to convert them into two-bedroom units, increasing rental income. The commercial space includes a reception area, a main office, and five additional private offices, along with 1,000 square feet of basement storage and backyard access. The building's mechanical systems are well-maintained, with electrical and plumbing updated in 2002, two gas heating boilers installed in 2002, and recently replaced water heaters. A 24/7 surveillance system and a six-year-old roof (resurfaced this year) enhance security and peace of mind. The building is constructed of brick with vinyl siding, and features six gas and electric meters. Situated on a 2,383 square foot lot (23.83 x 100 ft), the building itself measures 23.83 x 60 ft. The R6 zoning allows for a maximum FAR of 2.43 (current FAR is 1.89). The property enjoys 100% occupancy and is conveniently located near the L, J, M, and G subway lines. This versatile property presents a rare chance to capitalize on both residential and commercial rental markets in a thriving Brooklyn neighborhood. All information is deemed reliable but should be independently verified.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2001
Total area 4,500 SF
Lot 0.05 ac (2,383 SF)
Zoning code R6
APN 03063-0033
UPID US63-5667419

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
  • Social Service Agency Charitable Organization
  • Film Production Television Studio

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2010
4 recorded transactions
2017
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R6 · Brooklyn, NY
Top alternative use upside
Office building $2.5M +26.5%

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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