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

    293 Martense St, Unit 27 Brooklyn, NY 11226-4266

    • Apartment buildings
    • 21,840 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,050,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2822592
    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

    • Caribbean International Soccer Association / Travel Agency / Tour Operator

    Property Details for 293 Martense St

    Year built
    1930
    Lot size
    0.17 lot acres
    Property size
    21,840 SF
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    04868-0086
    APU
    48680086

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9491
    Latitude
    40.652
    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
    $55,809
    $145,800
    $300,600
    $446,400
    -
    $324,000
    $668,000
    $992,000

    Comparable in this City

    • Value Estimation
      $14,495,000
      107,750 SF

      155 Linden Blvd, Unit 143

      APARTMENT HOUSE (5+ UNITS) • 107,750 SF
      155 Linden Blvd, Brooklyn, NY 11226-3386
      View Details
    • Value Estimation
      $2,115,000
      49,000 SF

      70 Linden Blvd, Unit 41

      APARTMENT HOUSE (5+ UNITS) • 49,000 SF
      70 Linden Blvd, Brooklyn, NY 11226-3159
      View Details
    • Value Estimation
      $5,860,000
      43,400 SF

      287 Linden Blvd, Unit 60

      APARTMENT HOUSE (5+ UNITS) • 43,400 SF
      287 Linden Blvd, Brooklyn, NY 11226-3577
      View Details
    • Value Estimation
      $2,625,000
      59,456 SF

      300 Linden Blvd, Unit 72

      APARTMENT HOUSE (5+ UNITS) • 59,456 SF
      300 Linden Blvd, Brooklyn, NY 11226-3583
      View Details
    • Value Estimation
      $4,205,000
      30,575 SF

      167 Lenox Rd, Unit 38

      APARTMENT HOUSE (5+ UNITS) • 30,575 SF
      167 Lenox Rd, Brooklyn, NY 11226-2489
      View Details
    • Value Estimation
      $6,755,000
      50,000 SF

      2415 Newkirk Ave, Unit 64

      APARTMENT HOUSE (5+ UNITS) • 50,000 SF
      2415 Newkirk Ave, Brooklyn, NY 11226-7622
      View Details

    Similar Nearby for Sale

    • $630,000

      Brooklyn Multifamily Property for Sale

      Multifamily property in Brooklyn available for purchase.
      1825 Foster Ave, Brooklyn, NY 11226
      View Details
    • $499,000

      Renovated Apartment Near Prospect Park

      Renovated one-bedroom apartment with den near Prospect Park.
      500 Ocean Ave, Brooklyn, NY 11226
      View Details
    • $3,000,000
      6,197 SF

      Brooklyn Multi-Unit Income Property

      New Brooklyn building with six residential units for sale.
      332 E 28Th St, Brooklyn, NY 11226
      View Details
    • $6,399,999
      10,656 SF

      Prime Brooklyn Multifamily Investment

      14-Unit Apartment Building, High Occupancy
      51-55 Veronica Pl, Brooklyn, NY 11226
      View Details
    • $430,000

      Brooklyn Apartment for Sale

      Apartment in Brooklyn available for purchase.
      400 E 17Th St, Brooklyn, NY 11226
      View Details
    • $885,000
      4,560 SF

      Brooklyn Multi-Family Investment Opportunity

      Six-unit building in Lefferts Garden with buildable potential.
      688 Rogers Ave, Brooklyn, NY 11226
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Brooklyn Apartment for Rent

      Apartment for rent in Brooklyn, NY, priced at $2300.
      458 E 25Th St, Brooklyn, NY 11226
      View Details
    • $3,500 /Mo

      Renovated Apartment in Flatbush

      Spacious, renovated 3-bedroom apartment near transit and Ditmas Park.
      1228 Flatbush Ave, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      180,000 SF

      Prime Bedford Ave Redevelopment Opportunity

      180,000 SF Retail/Office Space, 4 Suites Available
      2360 Bedford Ave, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      10,000 SF

      Bedford Ave Retail Space - Brooklyn

      Prime 10,000 SF Retail Opportunity in Brooklyn
      2625 Bedford Ave, Brooklyn, NY 11226
      View Details
    • $45 SF/Yr
      9,871 SF

      Prime Brooklyn Office Space

      Rogers Ave Retail/Office Opportunity
      1020 Rogers Ave, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      888 SF

      Flatbush Retail Space For Rent

      Prime Flatbush, Brooklyn retail space with high foot traffic.
      916-922 Flatbush Ave, Brooklyn, NY 11226
      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.
    293 Martense St, Unit 27
    Brooklyn, NY 11226-4266
    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.