Financial
Distress signals
Property profile

390 Kings Hwy C1 Brooklyn, NY 11223

FOR SALE
Retail space
Property ID
US63-4056688
3,313 SF 0.08 ac lot Built 2009
Last sale Feb 2017 · $1,065,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail condominium unit of approximately 3,300 square feet configured in an open-concept layout suitable for retail, office, or other commercial use. Interior features include ceilings approximately 8–10 feet in height, HVAC, a sprinkler system, and elevator access for the building. The unit was constructed in 2009 and is part of the building’s infrastructure designed to support flexible commercial interior planning. The property is located at 390 Kings Hwy C1 in Brooklyn’s

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$27k
Tax billed · 2024
Assessed value$393k
Assessed land$8k
Assessed improvement$385k
Effective rate6.75%

Value estimate

· Sep 2026
$500k
$450k – $550k
CAP approach$2.45M
NOI build-up
Gross scheduled income$249k
Vacancy & credit loss−$30k
Operating expenses−$66k
NOI · 14.61% cap applied$153k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$770/SF
Submarket average, outlier-cleaned · 291 recorded sales of this use type
Observed band · Q1–Q3$457 – $1,224
Qualifying comparables8

Cap rate analysis

How does the asset earn?
14.61%
$153k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
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 agency51.0
Parking Facility44.4
Law Firm36.7

Location

390 Kings Hwy, Unit C1 Brooklyn, NY 11223
County assessor Recorded deeds · 3 transfers 8 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
906-908 Ave U, Brooklyn, NY 11223 $1,250,000 Feb 2025 2,770 SF
2469 Coney Is, Brooklyn, NY 11223-5021 $2,450,000 Aug 2023 2,640 SF
1836 Mcdonald, Brooklyn, NY 11223-1827 $3,980,000 Jan 2023 3,914 SF
394 Kings, Brooklyn, NY 11223-1616 $2,175,000 Feb 2020 2,200 SF
204 Ave S, Brooklyn, NY 11223-2654 $1,800,000 Feb 2019 5,100 SF
2366 Coney Is, Brooklyn, NY 11223-5002 $5,100,000 Dec 2018 4,003 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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