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

    2373 85th St, Unit 6 Brooklyn, NY 11214-3426

    • Apartment buildings
    • 5,040 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3760592
    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

    • Papatech High Efficiency Corporation / Heating Contractor

    Property Details for 2373 85th St

    Year built
    1927
    Lot size
    0.06 lot acres
    Property size
    5,040 SF
    Zone code
    R5
    Property type
    Apartment buildings
    APN
    06855-0046
    APU
    68550046

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,195,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.989
    Latitude
    40.6003
    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
    $18,772
    $6,750
    $456,570
    $463,320
    -
    $15,000
    $1,014,600
    $1,029,600

    Comparable in this City

    • Value Estimation
      $7,440,000
      54,210 SF

      2255 Benson Ave, Unit 69

      APARTMENT HOUSE (5+ UNITS) • 54,210 SF
      2255 Benson Ave, Brooklyn, NY 11214-5256
      View Details
    • Value Estimation
      $8,115,000
      58,535 SF

      8797 25th Ave, Unit 69

      APARTMENT HOUSE (5+ UNITS) • 58,535 SF
      8797 25th Ave, Brooklyn, NY 11214-5444
      View Details
    • Value Estimation
      $6,790,000
      50,400 SF

      38 Bay 26th St, Unit 42

      APARTMENT HOUSE (5+ UNITS) • 50,400 SF
      38 Bay 26th St, Brooklyn, NY 11214-3941
      View Details
    • Value Estimation
      $5,950,000
      44,082 SF

      86 Bay 29th St, Unit 42

      APARTMENT HOUSE (5+ UNITS) • 44,082 SF
      86 Bay 29th St, Brooklyn, NY 11214-5051
      View Details
    • Value Estimation
      $5,525,000
      349,060 SF

      1483 Shr Pkwy, Unit 1495

      APARTMENT HOUSE (5+ UNITS) • 349,060 SF
      1483 Shr Pkwy, Brooklyn, NY 11214-6375
      View Details
    • Value Estimation
      $18,570,000
      134,280 SF

      8855 Bay Pkwy

      APARTMENT HOUSE (5+ UNITS) • 134,280 SF
      8855 Bay Pkwy, Brooklyn, NY 11214-6439
      View Details

    Similar Nearby for Sale

    • $1,075,000
      1,820 SF

      Spacious Penthouse with Private Terrace

      Penthouse unit featuring a private roof terrace and assigned parking.
      1927 78Th St, Brooklyn, NY 11214
      View Details
    • $1,899,000

      Bensonhurst Brick 12-Family Building

      Fully detached brick 12-family building in Bensonhurst, generating $190,000 yearly.
      1926 83Rd St, Brooklyn, NY 11214
      View Details
    • $1,199,000

      Bensonhurst Six-Family Brick Building

      Well-maintained six-family building in prime Bensonhurst location.
      2039 78Th St, Brooklyn, NY 11214
      View Details
    • $324,999

      Two-Bedroom Co-op with Ocean Views

      Charming two-bedroom co-op with spacious layout and ocean views.
      1333 Shore Pkwy, Brooklyn, NY 11214
      View Details
    • $349,000

      Charming Co-op in Bath Beach

      Two-bedroom co-op with utilities included and city view.
      2483 W 16Th St, Brooklyn, NY 11214
      View Details
    • $1,990,000

      Bath Beach Mixed-Use Building

      Cash-producing 5-family building with commercial unit in Bath Beach.
      2343 Bath Ave, Brooklyn, NY 11214
      View Details

    Similar Nearby for Lease

    • $2,484 /Mo

      Renovated One-Bedroom Apartment Available

      Renovated one-bedroom apartment in a quiet residential Brooklyn neighborhood.
      147 Bay 40Th St, Brooklyn, NY 11214
      View Details
    • $5,000 /Mo

      Spacious Gravesend Two-Story Home

      Large duplex with modern updates in Gravesend, Brooklyn.
      226 Avenue Z, Brooklyn, NY 11214
      View Details
    • $54 SF/Yr
      3,000 SF

      Benson Ave Retail Space - Brooklyn

      Prime Brooklyn Retail, 3000 sq ft
      1755 Benson Ave, Brooklyn, NY 11214
      View Details
    • $17 SF/Yr
      1,674 SF

      Bath Avenue Retail Space For Lease

      Prime Bath Beach location, 1674 sq ft retail space.
      1660 Bath Ave, Brooklyn, NY 11214
      View Details
    • $4,800 /Mo
      1,600 SF

      Medical Office Space Available

      Medical office space for lease with great signage opportunity.
      1702 Cropsey Ave, Brooklyn, NY 11214
      View Details
    • Contact for pricing
      1,400 SF

      Brooklyn Office Space For Rent

      Office space available for rent in Brooklyn, New York.
      1658 76Th St, Brooklyn, NY 11214
      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.
    2373 85th St, Unit 6
    Brooklyn, NY 11214-3426
    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.