Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2490 Ocean Pkwy Brooklyn, NY 11235-6132

    • Investment properties
    • 2,060 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1763504
    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

    • Dr. Nissim M. Bassoul, MD / Pediatrician / Medical Clinic

    Property Details for 2490 Ocean Pkwy

    Year built
    1930
    Lot size
    0.04 lot acres
    Property size
    2,060 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    07199-0068
    APU
    71990068

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $663,000
      Market price range: $663k - $1.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $870,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9662
    Latitude
    40.589
    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
    $7,957
    $15,120
    $52,800
    $67,920
    -
    $252,000
    $880,000
    $1,132,000

    Comparable in this City

    • Value Estimation
      $705,000
      2,506 SF

      2203 Ave Z Z

      OFFICE/RESIDENTIAL (MIXED USE) • 2,506 SF
      2203 Ave Z Z, Brooklyn, NY 11235-2803
      View Details
    • Value Estimation
      $780,000
      2,520 SF

      320 Neptune Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,520 SF
      320 Neptune Ave, Brooklyn, NY 11235-6995
      View Details
    • Value Estimation
      $955,000
      3,564 SF

      1135 Brighton Bch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,564 SF
      1135 Brighton Bch Ave, Brooklyn, NY 11235-5903
      View Details
    • Value Estimation
      $1,045,000
      3,522 SF

      3047 Brown St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,522 SF
      3047 Brown St, Brooklyn, NY 11235
      View Details
    • Value Estimation
      $735,000
      2,676 SF

      2949 Brighton 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,676 SF
      2949 Brighton 4th St, Brooklyn, NY 11235-8511
      View Details
    • Value Estimation
      $715,000
      2,600 SF

      2110 Ave X X

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      2110 Ave X X, Brooklyn, NY 11235-2911
      View Details

    Similar Nearby for Sale

    • $1,599,000
      3,800 SF

      Brooklyn Medical Condos For Sale

      Luxury medical condos with two entrances and street-level elevator access.
      2955 Brighton 7Th St, Brooklyn, NY 11235
      View Details
    • $1,999,000
      3,522 SF

      Emmons Avenue Mixed-Use Investment

      Prime Brooklyn 6-Unit Multifamily & Retail
      3047 Emmons Ave, Brooklyn, NY 11235
      View Details
    • $1,499,000
      1,836 SF

      Brooklyn Mixed-Use Building For Sale

      Mixed-use building in Brighton Beach with retail and residential units.
      142 Neptune Ave, Brooklyn, NY 11235
      View Details
    • $2,900,000
      4,892 SF

      Mixed-Use Building in Sheepshead Bay

      Mixed-use building with residential and commercial units in prime location.
      2776 Coney Island Ave, Brooklyn, NY 11235
      View Details
    • $1,500,000
      2,500 SF

      Brooklyn Mixed-Use Investment Opportunity

      High-return, fully occupied, R6 zoned property.
      3052 Brighton 4Th St, Brooklyn, NY 11235
      View Details
    • $4,960,000
      0.18 Acres

      Brooklyn Mixed-Use Investment Opportunity

      Newly constructed mixed-use building with apartments and medical facilities.
      2733 East 27Th St, Brooklyn, NY 11235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Brooklyn Retail/Mixed-Use Space Available

      7,000 SF ground floor space suitable for mixed-use purposes.
      2403-2411 Avenue X, Brooklyn, NY 11235
      View Details
    • $2,100 /Mo
      720 SF

      Brooklyn Medical Facility Space Available

      Medical facility space for healthcare tenants in Sheepshead Bay.
      2733 East 27Th St, Brooklyn, NY 11235
      View Details
    • $2,500 /Mo
      950 SF

      Medical Facility Space in Brooklyn

      Medical facility space available in Sheepshead Bay, Brooklyn.
      2733 East 27Th St, Brooklyn, NY 11235
      View Details
    • $2,000 /Mo
      600 SF

      Medical Facility Space in Brooklyn

      Medical office space available in Sheepshead Bay, Brooklyn.
      2733 East 27Th St, Brooklyn, NY 11235
      View Details
    • $39 SF/Yr
      2,200 SF

      Sheepshead Bay Road Office Space

      Modern Office, Prime Brooklyn Location
      1629 Sheepshead Bay Rd, Brooklyn, NY 11235
      View Details
    • $40 SF/Yr
      10,410 SF

      Prime Brooklyn Office Space

      1,400-10,410 SF, Elevator, Transit Access
      3052 Brighton 1St St, Brooklyn, NY 11235
      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.
    2490 Ocean Pkwy
    Brooklyn, NY 11235-6132
    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.
    Sign Up Successful!
    You now have access to more from Realmo!