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    276 Starr St, Unit 284 Brooklyn, NY 11237-2610
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    276 Starr St, Unit 284 Brooklyn, NY 11237-2610

    View on Map
    • Retail residential properties
    • 13,500 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Feb 1, 2024
    $6,500,000
    Property ID
    US63-2163817
    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
    $6,500,000
    Show details
    Cap Rate Potential
    7.5%
    Retail residential properties
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 276 Starr St

    Year built
    1931
    Lot size
    0.18 lot acres
    Property size
    13,500 SF
    Zone code
    M1-1
    Property type
    Retail residential properties
    APN
    03200-0019
    APU
    32000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,500,000
      ML approach
      $6,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,170,000
      6.5%
      $7,540,000
      7%
      $7,000,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,430,000
      Current use
      AUTO REPAIR, GARAGE
      $10,725,000
      Change: +98% Conversion: Difficult
      RETAIL STORES
      $10,395,000
      Change: +92% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,660,000
      Change: +41% Conversion: Moderate
      OFFICE BUILDING
      $7,430,000
      Change: +37% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,765,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9212
    Latitude
    40.7067
    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
    $58,789
    $144,000
    $456,300
    $600,300
    -
    $320,000
    $1,014,000
    $1,334,000

    Comparable in this City

    • Value Estimation
      $8,945,000
      28,748 SF

      371 Stockholm St

      STORES & APARTMENTS • 28,748 SF
      371 Stockholm St, Brooklyn, NY 11237-4194
      View Details
    • Value Estimation
      $6,760,000
      22,500 SF

      422-424 Knickerbocker Ave

      STORE/OFFICE (MIXED USE) • 22,500 SF
      422-424 Knickerbocker Ave, Brooklyn, NY 11237
      View Details
    • Value Estimation
      $1,225,000
      4,712 SF

      272 Knickerbocker Ave

      STORES & APARTMENTS • 4,712 SF
      272 Knickerbocker Ave, Brooklyn, NY 11237-2796
      View Details
    • Value Estimation
      $8,000,000
      10,120 SF

      25 Knickerbocker Ave

      STORES & APARTMENTS • 10,120 SF
      25 Knickerbocker Ave, Brooklyn, NY 11237-1407
      View Details
    • Value Estimation
      $2,045,000
      7,000 SF

      124 Irving Ave

      STORES & APARTMENTS • 7,000 SF
      124 Irving Ave, Brooklyn, NY 11237-3302
      View Details
    • Value Estimation
      $2,480,000
      8,893 SF

      373 Knickerbocker Ave

      STORES & APARTMENTS • 8,893 SF
      373 Knickerbocker Ave, Brooklyn, NY 11237-6828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,220 SF

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    • Contact for pricing
      7,500 SF

      Mixed-Use Property in Bushwick

      Mixed-use investment property with retail and residential units in Brooklyn.
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      Pending

      Brooklyn Mixed-Use Income Property

      Corner lot with residential, commercial, and garage units.
      283 Wyckoff Ave, Brooklyn, NY 11237
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    • Contact for pricing

      Bushwick Mixed-Use Investment Opportunity

      Fully leased mixed-use asset in prime Bushwick retail corridor.
      365 Knickerbocker Ave, Brooklyn, NY 11237
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      35,000 SF

      Williamsburg Mixed-Use Property For Sale

      35,000 sqft mixed-use property in Williamsburg, Brooklyn available.
      47 Thames St, Brooklyn, NY 11237
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    Similar Nearby for Lease

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      7,508 SF

      Live Music Venue with Apartment

      Fully built venue with apartment in Brooklyn's cultural district.
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    • Contact for pricing

      Bushwick Warehouse or Creative Space

      Warehouse or creative studio with soaring ceilings and heavy power.
      1229 Flushing Ave, Brooklyn, NY 11237
      View Details
    • $3,850 /Mo

      Wyckoff Avenue Retail Spaces Available

      Retail spaces available in Brooklyn's Bushwick/Ridgewood corridor.
      868 Wyckoff Ave, Brooklyn, NY 11237
      View Details
    • Contact for pricing
      10,000 SF

      Spacious Retail Space with Skylights

      10,000 SF retail space featuring skylights and roll-up gates.
      421 Troutman St, Brooklyn, NY 11237
      View Details
    • Contact for pricing
      2,458 SF

      Retail Space on Knickerbocker Avenue

      Retail space available on busy Knickerbocker Avenue in Brooklyn.
      427-431 Knickerbocker Ave, Brooklyn, NY 11237
      View Details
    • Contact for pricing
      2,200 SF

      Brooklyn Retail Space Available

      2200 sqft retail space for rent in Brooklyn.
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      View Details
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    276 Starr St, Unit 284
    Brooklyn, NY 11237-2610
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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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