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

    2614 W 13TH STREET BROOKLYN, NY 11223

    • Warehouses
    • 3,070 SF
    • 0.07 lot acres
    For Sale
    View listing
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5851837
    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

    • Innovative Elevator / Elevator Service
    • Guarantee Cellular / Cell Phone Store

    Property Details for 2614 W 13TH STREET

    Year built
    1988
    Lot size
    0.07 lot acres
    Property size
    3,070 SF
    Zone code
    M1-1
    Property type
    Warehouses
    APN
    07225-0011
    APU
    72250011

    Description

    This exceptional commercial property at 2614 W 13th St, Brooklyn, NY 11223, presents a unique investment opportunity. The 3,000 square foot lot is zoned for commercial use and offers significant potential for development. While the existing structure boasts approximately 7,000 square feet of space, the listing focuses on the land itself. The building features a first floor with approximately 3,300 square feet, including 20-foot ceilings and a loading dock, plus a mezzanine. The second floor adds another 3,700 square feet, including a finished office area. This versatile space is ideal for various commercial uses, from warehousing to offices. The property's location in Brooklyn offers easy access to transportation and a thriving business community. The asking price is $3,699,999. This is a rare chance to acquire a substantial commercial land parcel in a highly desirable Brooklyn neighborhood. The property's size and existing building provide immediate usability while offering significant long-term development potential. Don't miss this opportunity to secure a prime piece of Brooklyn real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $324,000
      Market price range: $174k - $545k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9822
    Latitude
    40.5845
    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
    $14,461
    $67,500
    $90,450
    $157,950
    -
    $150,000
    $201,000
    $351,000

    Comparable in this City

    • Value Estimation
      $735,000
      48,761 SF

      2615 13th St

      WAREHOUSE, STORAGE • 48,761 SF
      2615 13th St, Brooklyn, NY 11223-5814
      View Details
    • Value Estimation
      $2,425,000
      9,000 SF

      2425 Mcdonald Ave, Unit 2431

      WAREHOUSE, STORAGE • 9,000 SF
      2425 Mcdonald Ave, Brooklyn, NY 11223-5230
      View Details
    • Value Estimation
      $470,000
      3,889 SF

      2484 Mcdonald Ave

      WAREHOUSE, STORAGE • 3,889 SF
      2484 Mcdonald Ave, Brooklyn, NY 11223-5233
      View Details
    • Value Estimation
      $9,420,000
      6,034 SF

      1911 Mcdonald Ave

      WAREHOUSE, STORAGE • 6,034 SF
      1911 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • Value Estimation
      $8,750,000
      13,100 SF

      1905-1907 Mcdonald Ave

      WAREHOUSE, STORAGE • 13,100 SF
      1905-1907 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • Value Estimation
      $305,000
      2,800 SF

      2567 Stillwell Ave

      WAREHOUSE, STORAGE • 2,800 SF
      2567 Stillwell Ave, Brooklyn, NY 11223-5827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Two-Story Warehouse with Parking

      Two-story warehouse featuring parking, freight elevator, and ample power.
      250 Avenue W, Brooklyn, NY 11223
      View Details
    • $2,390,000

      New Commercial Building in Brooklyn

      New 4,300 SF commercial building with loading dock and driveway.
      2322 W 7Th St, Brooklyn, NY 11223
      View Details
    • $2,390,000
      4,300 SF

      Brooklyn Industrial Building - $2.39M

      4,300 SF Warehouse, Manufacturing, Office
      2322 7Th St, Brooklyn, NY 11223
      View Details
    • $4,799,000
      6,525 SF

      Brooklyn Warehouse Investment Opportunity

      6,525 SF Warehouse, Prime Location
      2327 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • $2,699,000
      6,000 SF

      Brooklyn Warehouse: Prime Location

      6,000 SF Vacant Warehouse - $2.699M
      2435 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • $1,999,000
      2,580 SF

      Brooklyn Warehouse with Mezzanine Office

      Spacious warehouse with mezzanine office in Gravesend, Brooklyn.
      2331 Mcdonald Ave, Brooklyn, NY 11223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,500 SF

      Brooklyn Warehouse with Class A Office

      9,500 SF Brooklyn warehouse with office space for lease.
      2299 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • $3,250,000
      1,200 SF

      Retail Space in Park Slope

      Retail space for rent in desirable Brooklyn neighborhood.
      4th Avenue, Brooklyn, NY 11223
      View Details
    • $2,600 /Mo
      500 SF

      Ground Floor Office Space Available

      Two-room office with bathroom near public transportation for rent.
      2320 Mcdonald Ave, Brooklyn, NY 11223
      View Details
    • Contact for pricing
      2,300 SF

      Office Space for Lease

      Office space available for lease in Brooklyn, approximately 2300 SF.
      805 Kings Hwy, Brooklyn, NY 11223
      View Details
    • $4,000 /Mo
      1,500 SF

      Built Out Office Space

      Office space ideal for professional use, close to transportation.
      2567 Stillwell Ave, Brooklyn, NY 11223
      View Details
    • $2,300 /Mo
      1,200 SF

      Renovated Office Space in Brooklyn

      1200 sq ft office space for rent in Brooklyn.
      2312 Coney Island Ave, Brooklyn, NY 11223
      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.
    2614 W 13TH STREET
    BROOKLYN, NY 11223
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.