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

    2584 19th St Brooklyn, NY 11235-3845

    • Investment properties
    • 3,528 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3645661
    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

    • Eracleous Vasos DDS / Dental Office
    • LIMA Electrical / Electrical Service / General Contractor

    Property Details for 2584 19th St

    Year built
    1930
    Lot size
    0.04 lot acres
    Property size
    3,528 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    07439-0144
    APU
    74390144

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,491,000
      Market price range: $1.14M - $1.96M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,485,000
      Current use
      WAREHOUSE, STORAGE
      $1,770,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $1,760,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9509
    Latitude
    40.5885
    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
    $25,101
    $23,850
    $198,990
    $222,840
    -
    $53,000
    $442,200
    $495,200

    Comparable in this City

    • Value Estimation
      $1,240,000
      4,700 SF

      1612 Sheepshead Bay Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,700 SF
      1612 Sheepshead Bay Rd, Brooklyn, NY 11235-3803
      View Details
    • Value Estimation
      $655,000
      2,316 SF

      891 Ave Z Z

      OFFICE/RESIDENTIAL (MIXED USE) • 2,316 SF
      891 Ave Z Z, Brooklyn, NY 11235-5121
      View Details
    • Value Estimation
      $945,000
      3,440 SF

      3066 Brighton 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,440 SF
      3066 Brighton 6th St, Brooklyn, NY 11235-6488
      View Details
    • Value Estimation
      $1,030,000
      2,320 SF

      3028 Coney Is Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,320 SF
      3028 Coney Is Ave, Brooklyn, NY 11235-5373
      View Details
    • Value Estimation
      $1,080,000
      3,621 SF

      418 Brighton Bch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,621 SF
      418 Brighton Bch Ave, Brooklyn, NY 11235-6402
      View Details
    • Value Estimation
      $1,045,000
      3,777 SF

      312 Brighton Bch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,777 SF
      312 Brighton Bch Ave, Brooklyn, NY 11235-7413
      View Details

    Similar Nearby for Sale

    • $1,995,000
      4,560 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Brighton Beach near shops and transportation.
      273 Neptune Ave, 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
    • $3,000,000
      3,420 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use property in Manhattan Beach with income-generating potential.
      91 West End Ave, 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
    • $1,250,000

      Mixed-Use Property in Sheepshead Bay

      Mixed-use property with retail space and residential units in Brooklyn.
      2020 Avenue X, 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
    • Contact for pricing
      1,200 SF

      Brooklyn Office Space for Rent

      Second-floor office space with private offices and central HVAC.
      2104 Avenue X, Brooklyn, NY 11235
      View Details
    • $71 SF/Yr
      1 SF

      Brighton Beach Retail Trio

      Three prime retail spaces, 800 sqft each.
      0 1103-1105-1107 Brighton Bch Ave, Brooklyn, NY 11235
      View Details
    • $35 SF/Yr
      4,000 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and signage opportunities available for rent.
      3063 Brighton 6Th St, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      3,500 SF

      Brooklyn Office Space For Rent

      First floor office space in elevator building, close to transportation.
      3044 Coney Island Ave, Brooklyn, NY 11235
      View Details
    • $4,000 /Mo
      1,200 SF

      Brighton Beach Office Space Available

      Fully built-out office space in prime Brighton Beach location.
      406-412 Brighton Beach Ave, 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.
    2584 19th St
    Brooklyn, NY 11235-3845
    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.