Property profile

231 3rd Ave 249 Brooklyn, NY 11217

OFF-MARKET
Auto shops
Property ID
US63-3005246
22,699 SF 0.48 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Total area 22,699 SF
Lot 0.48 ac (21,055 SF)
Zoning code M14R7A
APN 00434-0001
UPID US63-3005246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

231 3rd Ave, Unit 249 Brooklyn, NY 11217
Brooklyn metro Census 11901 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$29.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.38M
Blend (final) Blend
$29.40M

Owner & transaction history

since 2024
Last sale
$29.4M
1 recorded transaction
2024
$29.4M

Zoning & alternative use

M14R7A · Brooklyn, NY
Top alternative use upside
Commercial (general) $18.8M +4.4%

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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