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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2558 Stillwell Ave Brooklyn, NY 11223

    • Commercial real estate
    For Sale
    View listing
    $1,599,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4343252
    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

    • Commercial real estate

    Property Details for 2558 Stillwell Ave

    Property type
    Commercial real estate

    Description

    This exceptional 6,000 square foot lot, located at 2558 Stillwell Avenue in Brooklyn, New York (zip code 11223), presents a unique opportunity for builders and developers. The property, measuring 60 feet by 100 feet, is zoned R5, allowing for the construction of three three-story houses. Significant pre-development work has already been completed, streamlining the construction process. This includes a completed environmental assessment and a recent survey, ensuring accuracy for future development plans. The lot is conveniently situated in Kings County (Brooklyn), offering easy access to local amenities and transportation. The property is being sold as a package deal with 2554 Stillwell Avenue, providing an even more substantial development opportunity. This is a rare chance to acquire a ready-to-develop site in a desirable Brooklyn location. The asking price for this exceptional property is $1,599,000. The single-story structure on the lot is not included in the sale. This is a land sale only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9836228
    Latitude
    40.585494

    Comparable in this City

    • Contact for pricing

      Gravesend Development Land Opportunity

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      Brooklyn Multifamily With Additional Lot

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      Prime Brooklyn lot, 10,200 sq ft, R7A zoning.
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      Prime Brooklyn Multifamily Investment

      Two-building package, excellent location.
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      Brooklyn Quadruplex with Vacancies

      Gravesend quadruplex with four vacancies, updated features, and high income potential.
      1872 W 9Th St, Brooklyn, NY 11223
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Gravesend Development Land Opportunity

      Prime Brooklyn corner lot, 19,200 sq ft.
      2383 Stillwell Ave, Brooklyn, NY 11223
      View Details
    • $2,300,000

      Brooklyn Multifamily With Additional Lot

      Two-family property with additional lot suitable for builders/investors.
      411 Avenue P, Brooklyn, NY 11223
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    • $8,900,000

      Gravesend Residential Land Development

      Prime Brooklyn lot, 10,200 sq ft, R7A zoning.
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      Brooklyn Multifamily Building with Parking

      Luxury six-family apartment building with parking in convenient Brooklyn location.
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      Prime Brooklyn Multifamily Investment

      Two-building package, excellent location.
      2196 Mcdonald Ave, Brooklyn, NY 11223
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      Brooklyn Quadruplex with Vacancies

      Gravesend quadruplex with four vacancies, updated features, and high income potential.
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    Similar Nearby for Lease

    • $2,600 /Mo

      Brooklyn Apartment for Rent

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      Retail Space in Park Slope

      Retail space for rent in desirable Brooklyn neighborhood.
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      Ground Floor Office Space Available

      Two-room office with bathroom near public transportation for rent.
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      Office Space for Lease

      Office space available for lease in Brooklyn, approximately 2300 SF.
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    • $4,000 /Mo
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      Built Out Office Space

      Office space ideal for professional use, close to transportation.
      2567 Stillwell Ave, Brooklyn, NY 11223
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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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    Request Owner's contact information
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    2558 Stillwell Ave
    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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