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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3052 Brighton 1St St Brooklyn, NY 11235

    • Retail residential properties
    • 72,715 SF
    • 0.41 lot acres
    For Lease
    View listing
    $40 SF/Yr
    Last Sale
    Aug 07, 2024
    $13,066,627
    Value Estimations
    $13,065,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6144394
    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

    • Home Infusion Group Inc. / Doctor / Pharmacy
    • Champions Sports Center / Karate School / Martial Arts School
    • Robertson's Notary Services / Notary Public
    • High-End Refrigerator Service / Refrigerator Repair Service
    • Gallery Conceptivism / Art Gallery

    Property Details for 3052 Brighton 1St St

    Year built
    2007
    Lot size
    0.41 lot acres
    Property size
    72,715 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    08669-0018
    APU
    86690018

    Description

    This exceptional office property, located at 3052 Brighton 1st Street in Brooklyn, New York (zip code 11235), offers flexible space ideal for traditional or medical office uses. The building boasts a brand new elevator, ensuring convenient access to all floors. The available space ranges from a comfortable 1,400 square feet to a substantial 10,410 square feet, providing options to suit various business needs. Situated between Brighton Beach Avenue and Ocean View Avenue, the property benefits from high visibility and an average daily traffic count of 14,000 vehicles. Its convenient location offers easy access to public transportation, enhancing employee and client accessibility. The property is zoned R6, C1-2, and OP, allowing for a variety of potential uses. This single-tenant building is located in Kings County and offers a unique opportunity to establish a thriving business in a vibrant Brooklyn neighborhood. A 3D virtual tour is available online for a comprehensive view of the property. The building's modern amenities and strategic location make it an attractive option for businesses seeking a high-quality office space in a bustling area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,065,000
      ML approach
      $13,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9673
    Latitude
    40.5771
    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
    $273,190
    $299,700
    $2,282,400
    $2,582,100
    -
    $666,000
    $5,072,000
    $5,738,000

    Comparable in this City

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      STORES & APARTMENTS • 25,000 SF
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    • Value Estimation by Request
      19,686 SF

      273 Brighton Bch Ave

      STORE/OFFICE (MIXED USE) • 19,686 SF
      273 Brighton Bch Ave, Brooklyn, NY 11235-7410
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    • Value Estimation
      $1,405,000
      19,082 SF

      27 Brighton 11th St

      STORES & APARTMENTS • 19,082 SF
      27 Brighton 11th St, Brooklyn, NY 11235-5308
      View Details
    • Value Estimation
      $485,000
      3,042 SF

      3014 Brighton 6th St

      STORES & APARTMENTS • 3,042 SF
      3014 Brighton 6th St, Brooklyn, NY 11235-6410
      View Details
    • Value Estimation
      $2,980,000
      3,621 SF

      406 Brighton Bch Ave

      STORES & APARTMENTS • 3,621 SF
      406 Brighton Bch Ave, Brooklyn, NY 11235-6968
      View Details
    • Value Estimation
      $1,185,000
      2,500 SF

      1727 Sheepshead Bay Rd

      STORE/OFFICE (MIXED USE) • 2,500 SF
      1727 Sheepshead Bay Rd, Brooklyn, NY 11235-4455
      View Details

    Similar Nearby for Sale

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      Brooklyn Mixed-Use Investment Opportunity

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    • $4,960,000
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      Brooklyn Mixed-Use Investment Opportunity

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      Mixed-use building in Brighton Beach with income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

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      12,713 SF

      Brighton Beach Medical Office Space

      Newly renovated, prime retail/medical space available.
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    • $29 SF/Yr
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      Prime Brooklyn Office Space

      Spacious Office, High Traffic Area
      2709 Coney Island Ave, Brooklyn, NY 11235
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    • Contact for pricing
      1,000 SF

      Prime Brooklyn Retail Space

      1,000 SF Retail, High Traffic
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    • $42 SF/Yr
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      Sheepshead Bay Road Office Space

      Prime Brooklyn Office, 11 Suites Available
      1414 Sheepshead Bay Rd, Brooklyn, NY 11235
      View Details
    • Contact for pricing
      1,550 SF

      Prime Brooklyn Medical Office Space

      1,550 SF Medical Office - Available Now
      1400 Avenue Z, Brooklyn, NY 11235
      View Details
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    3052 Brighton 1St St
    Brooklyn, NY 11235
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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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