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    Property profile & analytics

    2455 Mcdonald Ave Brooklyn, NY 11223

    • Retail residential properties
    • 28,304 SF
    • 0.66 lot acres
    For Lease
    View listing
    $11,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2867528
    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

    • Faithful Friends Animal Hospital / Veterinary Clinic
    • San Marco Furniture / Furniture & Home Goods / Home Decor Store
    • Sal Jel Realty Corporation / Real Estate Agency
    • M&S Bargain Hunter / Corporate Office
    • Bellissi Furniture Gallery and Online Furniture Store / Furniture & Home Goods / Home Decor Store

    Property Details for 2455 Mcdonald Ave

    Year built
    1930
    Lot size
    0.66 lot acres
    Property size
    28,304 SF
    Zone code
    M1-1
    Property type
    Retail residential properties
    APN
    07173-0001
    APU
    71730001

    Description

    This exceptional 1,600 square foot retail space, located at 2455 McDonald Avenue in Brooklyn, NY 11223, presents a fantastic opportunity for a discerning tenant. Situated in a Class C building with a total of 3,600 square feet, this single-tenant space boasts 20 feet of frontage on McDonald Avenue, ensuring high visibility and significant foot traffic. The property features attractive glass windows, ideal for showcasing merchandise and creating a welcoming storefront. High ceilings add to the spacious feel, while central air conditioning ensures year-round comfort. Previously used as a gym, the space offers versatile layout options adaptable to a variety of retail uses. The M1-1 and OP zoning provides flexibility for potential business ventures. The property's APN is 07173-0001. This location offers excellent branding opportunities within a vibrant Brooklyn neighborhood. The cross street is Ave W. This is a rare chance to secure a well-positioned retail space in a high-traffic area. Don't miss this chance to establish your business in a prime Brooklyn location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $14,045,000
      Current use
      INDUSTRIAL (GENERAL)
      $16,065,000
      Change: +14% Conversion: Moderate
      OFFICE BUILDING
      $15,580,000
      Change: +11% Conversion: Easy
      WAREHOUSE, STORAGE
      $14,185,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9735
    Latitude
    40.5919
    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
    $201,273
    $388,350
    $2,060,100
    $2,448,450
    -
    $863,000
    $4,578,000
    $5,441,000

    Comparable in this City

    • Value Estimation
      $9,275,000
      27,950 SF

      2555 Shell Rd

      STORE/OFFICE (MIXED USE) • 27,950 SF
      2555 Shell Rd, Brooklyn, NY 11223
      View Details
    • Value Estimation
      $930,000
      2,998 SF

      2371 Mcdonald Ave

      STORE/OFFICE (MIXED USE) • 2,998 SF
      2371 Mcdonald Ave, Brooklyn, NY 11223-4738
      View Details
    • Value Estimation
      $1,985,000
      3,088 SF

      251 Ave W Ave

      STORES & APARTMENTS • 3,088 SF
      251 Ave W Ave, Brooklyn, NY 11223-5202
      View Details
    • Value Estimation
      $995,000
      2,139 SF

      151 Ave U U

      STORES & APARTMENTS • 2,139 SF
      151 Ave U U, Brooklyn, NY 11223-3606
      View Details
    • Value Estimation
      $1,045,000
      3,080 SF

      178 Ave U U

      STORE/OFFICE (MIXED USE) • 3,080 SF
      178 Ave U U, Brooklyn, NY 11223-3740
      View Details
    • Value Estimation
      $1,770,000
      3,472 SF

      86 Ave U U

      STORES & APARTMENTS • 3,472 SF
      86 Ave U U, Brooklyn, NY 11223-3641
      View Details

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    Similar Nearby for Lease

    • $32 SF/Yr
      1,900 SF

      Avenue U Retail Space For Lease

      Spacious 1900 sq ft retail space, vacant & ready.
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    • $2,300 /Mo
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      Renovated Office Space in Brooklyn

      1200 sq ft office space for rent in Brooklyn.
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      View Details
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      Built Out Office Space

      Office space ideal for professional use, close to transportation.
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    • $2,600 /Mo
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      Ground Floor Office Space Available

      Two-room office with bathroom near public transportation for rent.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Park Slope

      Retail space for rent in desirable Brooklyn neighborhood.
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    • $50 SF/Yr
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      Kings Highway Retail Space For Lease

      Prime Brooklyn Retail, 2400 sq ft, Two Floors
      535 Kings Hwy, Brooklyn, NY 11223
      View Details
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    Brooklyn, NY 11223
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    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
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