Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2652 18th St Brooklyn, NY 11235-3602
    Back to Search
    Property profile & analytics

    2652 18th St Brooklyn, NY 11235-3602

    View on Map
    • Retail residential properties
    • 23,374 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US63-3211512
    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.
    Value Estimations
    $6,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 2652 18th St

    Year built
    2021
    Lot size
    0.17 lot acres
    Property size
    23,374 SF
    Zone code
    C4-2
    Property type
    Retail residential properties
    APN
    07462-0028
    APU
    74620028

    Description

    This exceptional mixed-use retail condominium, located at 2652 East 18th Street in the vibrant Kings County neighborhood of Brooklyn, New York (zip code 11235), presents a unique investment opportunity. The property boasts 2,416 square feet of space, perfectly suited for a variety of retail ventures. A significant advantage is the inclusion of one dedicated parking space, a rare commodity in this desirable area. The building is brand new and features handicap accessibility, ensuring compliance with current regulations and broadening potential clientele. Furthermore, a substantial 15-year tax abatement is in place, offering significant financial benefits to the owner. The property is zoned C4-2, allowing for a range of commercial uses. Situated at 40.5869733 latitude and -73.9514755 longitude, this location offers excellent visibility and accessibility. The asking price for this turnkey property is $1,499,000. This represents a compelling investment opportunity in a thriving Brooklyn neighborhood. Don't miss the chance to own this exceptional mixed-use retail condo.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9516
    Latitude
    40.5869
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,695,000
      19,686 SF

      273 Brighton Bch Ave

      STORE/OFFICE (MIXED USE) • 19,686 SF
      273 Brighton Bch Ave, Brooklyn, NY 11235-7410
      View Details
    • Value Estimation
      $7,390,000
      25,000 SF

      1609 Voorhies Ave, Unit 1615

      STORES & APARTMENTS • 25,000 SF
      1609 Voorhies Ave, Brooklyn, NY 11235-4092
      View Details
    • Value Estimation
      $3,300,000
      3,621 SF

      406 Brighton Bch Ave

      STORES & APARTMENTS • 3,621 SF
      406 Brighton Bch Ave, Brooklyn, NY 11235-6968
      View Details
    • Value Estimation
      $1,090,000
      2,500 SF

      1727 Sheepshead Bay Rd

      STORE/OFFICE (MIXED USE) • 2,500 SF
      1727 Sheepshead Bay Rd, Brooklyn, NY 11235-4455
      View Details
    • Value Estimation
      $3,100,000
      7,000 SF

      1618 Sheepshead Bay Rd, Unit 1624

      STORES & APARTMENTS • 7,000 SF
      1618 Sheepshead Bay Rd, Brooklyn, NY 11235-3850
      View Details
    • Value Estimation
      $1,250,000
      19,082 SF

      27 Brighton 11th St

      STORES & APARTMENTS • 19,082 SF
      27 Brighton 11th St, Brooklyn, NY 11235-5308
      View Details

    Similar Nearby for Sale

    • $2,699,000

      Brighton Beach Mixed-Use Investment

      Mixed-use building in high-traffic Brighton Beach with income potential.
      404 Brighton Beach Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      2,755 SF

      Sheepshead Bay Commercial Property

      Commercial property with income potential in Sheepshead Bay, Brooklyn.
      1627 Sheepshead Bay Rd, Brooklyn, NY 11235
      View Details
    • $4,499,000
      11,280 SF

      Mixed-Use Building For Sale

      Mixed-use building with 11,280 square feet available for sale.
      165 West End Ave, Brooklyn, NY 11235
      View Details
    • $2,449,000

      Brighton Beach Mixed-Use Corner Property

      Mixed-use building in Brighton Beach with commercial and residential units.
      105 Brighton 11Th St, Brooklyn, NY 11235
      View Details
    • $1,995,000
      4,560 SF

      Brighton Beach Mixed-Use Investment

      Five apartments and one commercial space in prime Brooklyn location.
      273 Neptune Ave, Brooklyn, NY 11235
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brooklyn Office Space For Lease

      Lower-level office spaces in a new, modern Brooklyn building.
      1414 Sheepshead Bay Rd, Brooklyn, NY 11235
      View Details
    • Contact for pricing

      Newly Renovated Office Space Available

      Lower-level office spaces for lease in high-traffic Brooklyn building.
      2709 Coney Island Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing

      Brighton Beach Avenue Retail Space

      Renovated retail space in high-traffic Brighton Beach location.
      224 Brighton Beach Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing

      Brighton Beach Medical Office Space

      Medical office space for lease in Brooklyn's Brighton Beach.
      3063 Brighton 13Th 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.
    2652 18th St
    Brooklyn, NY 11235-3602
    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

    Thank You for Inquiry
    2652 18th St, Brooklyn, NY, 11235
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!