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

    2740 13th St, Unit 72 Brooklyn, NY 11235

    • Apartment buildings
    • 73,217 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    $14,114,445
    Value Estimations
    $11,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3427921
    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

    • Apartment buildings

    Property Details for 2740 13th St

    Year built
    1960
    Lot size
    0.42 lot acres
    Property size
    73,217 SF
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    08765-0019
    APU
    87650019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,480,000
      ML approach
      $8,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,148,000
      Market price range: $9.90M - $13.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,720,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.956
    Latitude
    40.5846
    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
    $297,340
    $202,050
    $2,934,450
    $3,136,500
    -
    $449,000
    $6,521,000
    $6,970,000

    Comparable in this City

    • Value Estimation
      $12,440,000
      95,104 SF

      115-182 Oriental Blvd Blvd, Unit 44

      APARTMENT HOUSE (5+ UNITS) • 95,104 SF
      115-182 Oriental Blvd Blvd, Brooklyn, NY 11235
      View Details
    • Value Estimation
      $3,020,000
      45,360 SF

      2991 Brighton 13th St, Unit 48

      APARTMENT HOUSE (5+ UNITS) • 45,360 SF
      2991 Brighton 13th St, Brooklyn, NY 11235-5445
      View Details
    • Value Estimation
      $2,850,000
      49,000 SF

      3026 Brighton 14th St, Unit 53

      APARTMENT HOUSE (5+ UNITS) • 49,000 SF
      3026 Brighton 14th St, Brooklyn, NY 11235-5577
      View Details
    • Value Estimation
      $2,905,000
      50,400 SF

      3120 Brighton 5th St

      APARTMENT HOUSE (5+ UNITS) • 50,400 SF
      3120 Brighton 5th St, Brooklyn, NY 11235-7044
      View Details
    • Value Estimation
      $3,495,000
      61,000 SF

      3051 Ocean Ave, Unit 69

      APARTMENT HOUSE (5+ UNITS) • 61,000 SF
      3051 Ocean Ave, Brooklyn, NY 11235-3433
      View Details
    • Value Estimation
      $4,750,000
      56,827 SF

      1133 Banner Ave

      APARTMENT HOUSE (5+ UNITS) • 56,827 SF
      1133 Banner Ave, Brooklyn, NY 11235
      View Details

    Similar Nearby for Sale

    • $1,580,000

      Brighton Beach Elevator Building

      Six-unit apartment building, under construction.
      2939 Brighton 8Th St, Brooklyn, NY 11235
      View Details
    • $320,000

      Brighton Beach Oversized Co-op

      Spacious Brighton Beach co-op near the ocean and amenities.
      3111 Brighton 1St Pl, Brooklyn, NY 11235
      View Details
    • $1,980,000

      Renovated Three-Dwelling Brooklyn Property

      Large, renovated three-dwelling property near subway and amenities.
      2635 E 19Th St, Brooklyn, NY 11235
      View Details
    • $650,000

      Brighton Beach Co-op with Terrace

      Spacious 2-bedroom co-op with private beach access and terrace.
      286 Corbin Pl, Brooklyn, NY 11235
      View Details
    • $1,995,000
      4,560 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Brighton Beach with income potential.
      283 Neptune Ave, Brooklyn, NY 11235
      View Details
    • $235,000

      Spacious Studio in Brooklyn Coop

      Sunny, vacant studio near trains, schools, and waterfront.
      2909 Ocean Ave, Brooklyn, NY 11235
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Brighton Towers Renovated Studio Apartment

      Renovated studio with amenities near Brighton Beach boardwalk.
      40 Brighton 1St Rd, Brooklyn, NY 11235
      View Details
    • $3,400 /Mo

      Brooklyn Multifamily Property for Rent

      Multifamily property available for rent in Brooklyn, NY.
      3977 Nostrand Ave, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      10,200 SF

      Prime Brooklyn Office Space

      Modern 10,200 sq ft office building, divisible.
      2784 Coney Island Ave, 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
    • $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
    • Contact for pricing
      1,874 SF

      Retail Space on Nostrand Avenue

      Retail space with high traffic and immediate availability.
      3809 Nostrand 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.
    2740 13th St, Unit 72
    Brooklyn, NY 11235
    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.