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    Property profile & analytics

    250 4Th Ave Brooklyn, NY 11215

    • Investment properties
    • 4,960 SF
    • 0.05 lot acres
    For Sale
    View listing
    $3,799,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1112291
    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

    • Wild Mind / Crisis Center / Medical Clinic

    Property Details for 250 4Th Ave

    Year built
    1931
    Lot size
    0.05 lot acres
    Property size
    4,960 SF
    Zone code
    C4-4D
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00448-0037
    APU
    4480037

    Description

    This exceptional mixed-use investment opportunity in Brooklyn, New York, presents two buildings totaling a store and five apartments. Located at 250 4th Ave, in the 11215 zip code, this property offers a compelling combination of commercial and residential income streams. The asking price is $3,799,000, representing a strong 5.82% capitalization rate. The front building comprises a retail store and three apartments, while the rear building houses two additional apartments. The property's strong performance is reflected in its impressive Net Operating Income (NOI) of $221,280. This figure demonstrates the consistent rental income generated by the combined commercial and residential units. The property's location in Brooklyn, NY, offers excellent access to transportation, amenities, and a vibrant community. This is an ideal investment for those seeking a stable, high-yield property with a proven track record of profitability. The property's solid NOI and attractive cap rate make it a particularly attractive opportunity in the current market. This turnkey investment requires minimal effort to maintain its current high level of performance. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,000,000
      6.5%
      $2,770,000
      7%
      $2,570,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.984
    Latitude
    40.6767
    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
    $7,060
    $6,300
    $758,250
    $764,550
    -
    $14,000
    $1,685,000
    $1,699,000

    Comparable in this City

    • Value Estimation
      $945,000
      2,880 SF

      10-14 Whitwell Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      10-14 Whitwell Pl, Brooklyn, NY 11215
      View Details
    • Value Estimation
      $2,330,000
      5,360 SF

      252 5th Ave, Unit 4

      OFFICE/RESIDENTIAL (MIXED USE) • 5,360 SF
      252 5th Ave, Brooklyn, NY 11215-1910
      View Details
    • Value Estimation
      $2,830,000
      6,620 SF

      289 5th Ave, Unit 4

      OFFICE/RESIDENTIAL (MIXED USE) • 6,620 SF
      289 5th Ave, Brooklyn, NY 11215-1980
      View Details
    • Value Estimation
      $2,910,000
      6,820 SF

      274 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,820 SF
      274 5th Ave, Brooklyn, NY 11215-1971
      View Details
    • Value Estimation
      $1,975,000
      4,488 SF

      119 7th Ave, Unit 6

      OFFICE/RESIDENTIAL (MIXED USE) • 4,488 SF
      119 7th Ave, Brooklyn, NY 11215-1310
      View Details
    • Value Estimation
      $3,320,000
      7,800 SF

      152 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,800 SF
      152 7th Ave, Brooklyn, NY 11215-2284
      View Details

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      A mixed-use building comprised of six one-bedroom apartments and one retail unit

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      Brooklyn Mixed-Use Income Property

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    Similar Nearby for Lease

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      1,400 SF

      Turn-Key Restaurant Space Available

      Restaurant space for rent in a dense residential neighborhood.
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      Prime Brooklyn Retail Space

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      Gowanus Creative Office Spaces

      Brooklyn Office Suites, 1,250-7,500 sq ft
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    • $47 SF/Yr
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      Gowanus Office Space: Prime Location

      2,000 SF Office, Ideal Gowanus Location
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    • New
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      Brooklyn Commercial Space For Rent

      Prime Park Slope commercial space suitable for retail or office.
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    • Contact for pricing
      10,019 SF

      Prime Brooklyn Warehouse Space

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      View Details
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    250 4Th Ave
    Brooklyn, NY 11215
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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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