Financial
Distress signals
Property profile

289 Ave S Ave Brooklyn, NY 11223

OFF-MARKET
Other investment properties
Property ID
US63-2227172
1,280 SF 0.02 ac lot Built 1930
Last sale Nov 2017 · $660,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This two-level office space is located in the Gravesend neighborhood of Brooklyn, New York, near Kings Highway and Ocean Parkway. The property provides approximately 1,300 square feet of interior space, including a basement level, and includes a private backyard. There are two half bathrooms, with one on each level. The lot size is approximately 0.021 acres. The property is zoned R4-1 and is configured to support an office use, with tenant-responsible utilities such as electricity; water charges would vary based on business type and usage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$65k
Assessed land$10k
Assessed improvement$55k
Effective rate8.55%

Value estimate

· Sep 2026
$820k
$738k – $902k
AI approach$850k
CAP approach$715k
Submarket $/SF estimate$618k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$496/SF
ZIP average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$366 – $642
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R4-1
This district is designed to provide for single or two family detached or semi detached dwellings, permitting zero lot line buildings and...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency59.7
Law Firm49.6
Parking Facility46.7

Location

289 Ave S Ave Brooklyn, NY 11223-2728
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2268 7th, Brooklyn, NY 11223-4624 $650,000 Mar 2025 1,240 SF
541 Kings, Brooklyn, NY 11223-1919 $1,900,000 Jan 2025 1,792 SF
2851 86th, Brooklyn, NY 11223-4634 $999,000 Sep 2024 1,600 SF
2587 Stillwell, Brooklyn, NY 11223-5828 $800,000 Apr 2024 1,400 SF
519 Kings, Brooklyn, NY 11223-2970 $1,575,000 Jan 2024 2,196 SF
160 Ave U, Brooklyn, NY 11223-3740 $1,300,000 Oct 2023 2,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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