Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 26th St Brooklyn, NY 11232-1609
    Back to Search
    Property profile & analytics

    215 26th St, Brooklyn, NY 11232-1609

    View on Map
    • Investment properties
    • 900 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US63-1784332
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 215 26th St

    Year built
    1910
    Lot size
    0.03 lot acres
    Zone code
    M11D
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00655-0057
    APU
    6550057

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2019 — Frank Smeragliuolo JR. Smeragliuolo,frank SR Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9977
    Latitude
    40.6596
    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
    $1,716
    $7,980
    $42,240
    $50,220
    -
    $133,000
    $704,000
    $837,000

    Comparable in this City

    • Value Estimation
      $980,000
      3,880 SF

      4117 4th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4117 4th Ave, Brooklyn, NY 11232-3761
      View Details
    • Value Estimation
      $1,130,000
      4,545 SF

      3902 3rd Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3902 3rd Ave, Brooklyn, NY 11232-2804
      View Details
    • Value Estimation
      $1,630,000
      5,395 SF

      5121 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      5121 2nd Ave, Brooklyn, NY 11232-2629
      View Details
    • Value Estimation
      $770,000
      3,000 SF

      4001 9th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4001 9th Ave, Brooklyn, NY 11232-3801
      View Details
    • Value Estimation by Request
      1,680 SF

      4007 9th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4007 9th Ave, Brooklyn, NY 11232-2877
      View Details
    • Value Estimation
      $910,000
      3,632 SF

      3902 9th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3902 9th Ave, Brooklyn, NY 11232-3208
      View Details

    Similar Nearby for Sale

    • $14,000,000

      Sunset Park Development Opportunity

      Prime corner lot in Sunset Park, Brooklyn for mixed-use development.
      4111 4Th Ave, Brooklyn, NY 11232
      View Details
    • $1,999,000

      Mixed-Use Building on 4th Avenue

      Mixed-use building with five apartments and two commercial units.
      924 4Th Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      4,000 SF

      Mixed-Use Building in Greenwood Heights

      Seven family and one storefront property in prime Brooklyn location.
      922 4Th Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      14,084 SF

      Two-Story Commercial Building For Sale

      Two-story commercial building with leasing and investment potential.
      204 25Th St, Brooklyn, NY 11232
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,000 SF

      Prime Brooklyn Commercial Space

      2,000 SF Office/Retail, Greenwood Heights
      225 34Th St, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      8,000 SF

      Brooklyn Warehouse with Mezzanine

      8,000 SF warehouse space with 500 SF mezzanine.
      4601-4603 1St Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      17,275 SF

      Brooklyn Mixed-Use Development Retail Space

      Retail space available in a large mixed-use Brooklyn development.
      934 3Rd Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      2,500 SF

      Brooklyn Office Space For Rent

      Office space in Sunset Park, Brooklyn, ranging from 2,500-7,500 SF.
      4223 1St Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing

      Sunset Park Prestige Building For Rent

      133,000 Sq. Ft. building with parking in Sunset Park.
      3913 2Nd Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing

      Brooklyn Flex Space Available

      Flex space with loading dock, parking, and private offices.
      162 25Th St, Brooklyn, NY 11232
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 26th St
    Brooklyn, NY 11232-1609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 26th St, Brooklyn, NY, 11232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!