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

    333 Albany Ave Brooklyn, NY 11213-4412

    • Investment properties
    • 4,180 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2023
    $2,750,000
    Value Estimations
    $2,765,000
    Show details
    Cap Rate Potential
    5%
    Investment properties
    Location Intelligence
    Property ID
    US63-0807016
    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

    • Zelda Wigs / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Ducey James MD / Physician
    • Dr. Neal N. Rosenblum, MD / Physician
    • Oholei Yosef Yitzchok Lubavitch of Crown Heights / Religious School / High School
    • Shifra Floral / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 333 Albany Ave

    Year built
    1899
    Lot size
    0.03 lot acres
    Property size
    4,180 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01394-0005
    APU
    13940005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,010,000
      ML approach
      $2,990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,530,000
      6.5%
      $2,335,000
      7%
      $2,170,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,320,000
      RETAIL STORES
      $3,220,000
      OFFICE BUILDING
      $2,300,000
      WAREHOUSE, STORAGE
      $2,095,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9392
    Latitude
    40.6686
    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
    $6,175
    $12,120
    $106,860
    $118,980
    -
    $202,000
    $1,781,000
    $1,983,000

    Comparable in this City

    • Value Estimation
      $850,000
      2,553 SF

      183 Utica Ave, Unit 3

      OFFICE/RESIDENTIAL (MIXED USE) • 2,553 SF
      183 Utica Ave, Brooklyn, NY 11213-2936
      View Details
    • Value Estimation
      $770,000
      2,880 SF

      1552 Carroll St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      1552 Carroll St, Brooklyn, NY 11213-5330
      View Details
    • Value Estimation
      $1,530,000
      6,101 SF

      246 Brooklyn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,101 SF
      246 Brooklyn Ave, Brooklyn, NY 11213-3301
      View Details
    • Value Estimation
      $5,420,000
      7,080 SF

      1401 President St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,080 SF
      1401 President St, Brooklyn, NY 11213-4334
      View Details
    • Value Estimation
      $1,450,000
      3,860 SF

      260 Kingston Ave, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 3,860 SF
      260 Kingston Ave, Brooklyn, NY 11213-3486
      View Details
    • Value Estimation by Request
      2,760 SF

      376 Kingston Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,760 SF
      376 Kingston Ave, Brooklyn, NY 11213-4332
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building in Crown Heights

      Four-story building with apartments and commercial spaces in Brooklyn.
      243 Troy Ave, Brooklyn, NY 11213
      View Details
    • $1,650,000
      Pending

      Crown Heights Mixed-Use Building

      Mixed-use building with garage near St. John's Park.
      139 Schenectady Ave, Brooklyn, NY 11213
      View Details
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      Crown Heights Mixed-Use Building

      Mixed-use building with garage across from St. John's Park.
      139 Schenectady Ave, Brooklyn, NY 11213
      View Details
    • $1,600,000

      Crown Heights Mixed-Use Building

      Four-story mixed-use building in Crown Heights with upside potential.
      1284 Sterling Pl, Brooklyn, NY 11213
      View Details
    • $1,600,000
      3,300 SF

      Crown Heights Mixed-Use Townhouse

      Mixed-use townhouse with retail and residential units in Brooklyn.
      1419 Saint Johns Pl, Brooklyn, NY 11213
      View Details
    • $3,200,000
      5,040 SF

      Crown Heights Mixed-Use Building

      Mixed-use building with commercial storefront and five apartments in Brooklyn.
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    Similar Nearby for Lease

    • $75,000

      Brooklyn School Building For Lease

      20,000 SF school building or flex space for lease.
      1173 Bergen St, Brooklyn, NY 11213
      View Details
    • Contact for pricing
      10,800 SF

      Brooklyn Retail Space For Rent

      New construction retail space ideal for daycare in Brooklyn.
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      View Details
    • Contact for pricing

      Crown Heights Bi-Level Community Facility

      Bi-level community facility in Crown Heights, near subway.
      259 Schenectady Ave, Brooklyn, NY 11213
      View Details
    • Contact for pricing
      5,000 SF

      Brooklyn Warehouse Ready For Rent

      5,000 SF Brooklyn warehouse space, ready for move-in.
      1529 Dean St, Brooklyn, NY 11213
      View Details
    • Contact for pricing
      2,000 SF

      Crown Heights Retail Space Available

      Retail space in high-traffic Crown Heights location for rent.
      249 Utica Ave, Brooklyn, NY 11213
      View Details
    • $45 SF/Yr
      3,000 SF

      Move-in Ready Medical Office Space

      3,000 SF commercial office space available for rent.
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      View Details
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    333 Albany Ave
    Brooklyn, NY 11213-4412
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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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