Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22 6th Stsegu Brooklyn, NY 11249-3075

    • Parking lots & garages
    • 32,240 SF
    • 1.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4134445
    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

    • The Edge Park / Park / Tourist Attraction
    • Easton Ballet Academy / Training Centre
    • Covered / Insurance Agency
    • Edge South Tower / Condominium Complex
    • Private Chef NY - Yllan Laloum / Caterer

    Property Details for 22 6th Stsegu

    Year built
    2007
    Lot size
    1.79 lot acres
    Property size
    32,240 SF
    Zone code
    R6
    Property type
    Parking lots & garages
    APN
    02332-1101
    APU
    23321101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $68,279,000
      Market price range: $68.3M - $77.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9635
    Latitude
    40.7201
    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
    $1,454
    $36,867
    $1,228,934
    $1,265,801
    -
    $81,926
    $2,730,965
    $2,812,891

    Comparable in this City

    • Value Estimation by Request

      46 2nd Stp7

      PARKING LOT
      46 2nd Stp7, Brooklyn, NY 11249-5211
      View Details
    • Value Estimation by Request

      46 2nd Stp10

      PARKING LOT
      46 2nd Stp10, Brooklyn, NY 11249-5211
      View Details
    • Value Estimation by Request
      120 SF

      69 Berry St, Unit P1

      PARKING LOT • 120 SF
      69 Berry St, Brooklyn, NY 11249-1819
      View Details
    • Value Estimation by Request
      153 SF

      58 Metropolitan Ave, Unit P-10

      PARKING GARAGE, PARKING STRUCTURE • 153 SF
      58 Metropolitan Ave, Brooklyn, NY 11249-3991
      View Details
    • Value Estimation by Request
      139 SF

      129 Metropolitan Ave, Unit P5

      PARKING GARAGE, PARKING STRUCTURE • 139 SF
      129 Metropolitan Ave, Brooklyn, NY 11249-3916
      View Details
    • Value Estimation by Request
      153 SF

      120 7th Stpsu3

      PARKING GARAGE, PARKING STRUCTURE • 153 SF
      120 7th Stpsu3, Brooklyn, NY 11249-3056
      View Details

    Similar Nearby for Sale

    • $22,000,000
      52,000 SF

      Brooklyn Retail and Garage Condominiums

      52,000 SF retail and garage condominium units in Williamsburg, Brooklyn.
      197-203 Berry St, Brooklyn, NY 11249
      View Details
    • $3,200,000
      2,930 SF

      Established Bar with Roofdeck, Mezzanine

      Craft cocktail bar with roofdeck and mezzanine near Williamsburg Bridge.
      69 S 6Th St, Brooklyn, NY 11249
      View Details
    • $5,500,000
      Pending

      Mixed-Use Building in Prime Williamsburg

      Mixed-use property with six apartments and two stores in Brooklyn.
      105 Berry St, Brooklyn, NY 11249
      View Details
    • Contact for pricing
      10,000 SF

      Prime Williamsburg Commercial Building

      10,000 SF vacant building with retail and office space.
      55-57 N 9Th St, Brooklyn, NY 11249
      View Details
    • $100,000
      Pending

      Turnkey Bubble Tea Business

      Profitable bubble tea shop in prime Williamsburg location for sale.
      4Th St, Brooklyn, NY 11249
      View Details
    • $6,200,000
      16,435 SF

      Williamsburg Mixed-Use Investment Opportunity

      Corner property with retail and apartments in prime Williamsburg location.
      129 South 4Th St, Brooklyn, NY 11249
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Retail Space with On-Site Parking

      Retail space available with flexible divisions and on-site parking.
      55 Kent Ave, Brooklyn, NY 11249
      View Details
    • $39 SF/Yr
      16,500 SF

      South Williamsburg Retail Gem

      Prime Location, Iconic Views, High Traffic
      107 6Th St, Brooklyn, NY 11249
      View Details
    • Contact for pricing
      3,300 SF

      Unique Timber and Brick Retail

      Retail space featuring timber and brick construction in Brooklyn.
      314-326 Wythe Ave, Brooklyn, NY 11249
      View Details
    • Contact for pricing
      2,500 SF

      Prime Retail Space Available

      Retail space with wraparound frontage and column-free layout.
      276 Bedford Ave, Brooklyn, NY 11249
      View Details
    • $16,000 /Mo
      2,000 SF

      Retail Space with Basement

      2,000 SF retail space with 1,500 SF basement.
      64 Grand St, Brooklyn, NY 11249
      View Details
    • Contact for pricing
      1,200 SF

      Brooklyn Retail Space Available

      Highly visible retail space with glass frontage in Brooklyn.
      429 Wythe Ave, Brooklyn, NY 11249
      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.
    22 6th Stsegu
    Brooklyn, NY 11249-3075
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.