Property profile

31 Spencer St 8 Brooklyn, NY 11205

OFF-MARKET
Office Spaces
Property ID
US63-0810468
4,839 SF Built 2020
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2020
Total area 4,839 SF
Zoning code M1-2
APN 01716-1008
UPID US63-0810468

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center Foster Care Service
  • Skin Care Clinic
  • Law Firm
  • Grocery & Convenience Store
  • Accounting Firm

Location

31 Spencer St, Unit 8 Brooklyn, NY 11205-5289
Brooklyn metro Census 123700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.37M
CAP Approach CAP
$2.70M
Comparable Approach Comparable
$4.03M
Blend (final) Blend
$3.37M

Owner & transaction history

since 2024
Last sale
$3.4M
1 recorded transaction
2024
$3.4M

Zoning & alternative use

M1-2 · Brooklyn, NY
Top alternative use upside
Auto repair, garage $3.8M +17.0%
Retail stores $3.7M +13.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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