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Property profile & analytics

234 Broadway Brooklyn, NY 11211-6203

  • Office buildings
  • 12,000 SF
  • 0.10 lot acres
OFF-MARKET
Last Sale
Dec 20, 2024
$7,000,000
Value Estimations
$7,000,000
Show details
Cap Rate Potential
4.6%
Office buildings
Location Intelligence
Property ID
US63-0789587
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

  • Morson Hat Corporation / Hat Shop
  • Krausz Hatters / Hat Shop
  • one stop manufacturing services / Corporate Office

Property Details for 234 Broadway

Year built
1920
Lot size
0.10 lot acres
Property size
12,000 SF
Zone code
C4-3
Property type
Office buildings
APN
02140-0009
APU
21400009

Description

This exceptional 3,000-square-foot creative office space is situated on the third floor of a charming, turn-of-the-century brick building in the vibrant Williamsburg neighborhood of Kings County. The single-tenant occupancy offers a unique opportunity for a variety of businesses. Boasting oversized windows and high ceilings, the space is flooded with natural light, creating a bright and inspiring work environment. The layout includes two bathrooms, a large and a smaller private office, a reception area, and a generously sized open-plan room, providing ample flexibility for different configurations. A fully installed HVAC system ensures year-round comfort. The building's location in a high-traffic area offers excellent visibility and accessibility. While there is no elevator, the third-floor location provides a sense of privacy and exclusivity. The space is ideally suited for a range of commercial uses, including, but not limited to, yoga studios, traditional offices, or large art studios. This rarely available full floor presents a compelling opportunity to establish a thriving business in a sought-after location. Showings are available by appointment only.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $7,000,000
    ML approach
    $7,000,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $5,320,000
    6.5%
    $4,915,000
    7%
    $4,560,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $6,895,000
    Market price range: $4.35M - $11.0M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $6,605,000
    Current use
    AUTO REPAIR, GARAGE
    $9,535,000
    Change: +44% Conversion: Difficult
    RETAIL STORES
    $9,240,000
    Change: +40% Conversion: Moderate
    COMMERCIAL (GENERAL)
    $8,075,000
    Change: +22% Conversion: Easy
    INDUSTRIAL (GENERAL)
    $6,810,000
    Change: +3% Conversion: Difficult
    WAREHOUSE, STORAGE
    $6,015,000
    Change: -9% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9603
Latitude
40.7089
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
$92,615
$154,800
$826,200
$981,000
-
$344,000
$1,836,000
$2,180,000
More about this property
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