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

    392 Clinton Ave Brooklyn, NY 11238-1186

    • Apartment buildings
    • 16,720 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $3,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1652377
    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

    • Apartment buildings

    Property Details for 392 Clinton Ave

    Year built
    1905
    Lot size
    0.10 lot acres
    Property size
    16,720 SF
    Zone code
    R6B
    Property type
    Apartment buildings
    APN
    01943-0038
    APU
    19430038

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,724,000
      Market price range: $3.26M - $16.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9679
    Latitude
    40.6866
    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
    $118,920
    $27,450
    $960,300
    $987,750
    -
    $61,000
    $2,134,000
    $2,195,000

    Comparable in this City

    • Value Estimation
      $7,385,000
      42,684 SF

      26 Gates Ave

      APARTMENT HOUSE (5+ UNITS) • 42,684 SF
      26 Gates Ave, Brooklyn, NY 11238
      View Details
    • Value Estimation
      $5,080,000
      19,350 SF

      301-303 Cumberland St

      APARTMENT HOUSE (5+ UNITS) • 19,350 SF
      301-303 Cumberland St, Brooklyn, NY 11238
      View Details
    • Value Estimation
      $3,135,000
      12,600 SF

      395 Adelphi St

      APARTMENT HOUSE (5+ UNITS) • 12,600 SF
      395 Adelphi St, Brooklyn, NY 11238-1540
      View Details
    • Value Estimation
      $2,220,000
      7,210 SF

      416-418 Adelphi St

      APARTMENT HOUSE (5+ UNITS) • 7,210 SF
      416-418 Adelphi St, Brooklyn, NY 11238
      View Details
    • Value Estimation
      $2,115,000
      7,452 SF

      428 Park Pl, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 7,452 SF
      428 Park Pl, Brooklyn, NY 11238-4051
      View Details
    • Value Estimation
      $3,570,000
      16,124 SF

      170 Prospect Pl

      APARTMENT HOUSE (5+ UNITS) • 16,124 SF
      170 Prospect Pl, Brooklyn, NY 11238-3841
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,650 SF

      Vacant Brooklyn Apartment Building

      Five-story, 4,650 SF vacant apartment building in Brooklyn, NY.
      477 Washington Ave, Brooklyn, NY 11238
      View Details
    • $1,399,000

      Brooklyn Apartment Building For Sale

      Apartment building located at 10 PLAZA St 15A, Brooklyn, NY.
      10 Plaza St, Brooklyn, NY 11238
      View Details
    • $2,900,000

      Vacant SRO Building For Sale

      SRO building in Brooklyn, delivered vacant, sold as is.
      536 Clinton Ave, Brooklyn, NY 11238
      View Details
    • $3,600,000
      0.08 Acres

      Brooklyn Multifamily Townhouse Near Park

      Spacious 8-unit building near Prospect Park and Grand Army Plaza.
      380 Saint Pl John's, Brooklyn, NY 11238
      View Details
    • $850,000

      Brooklyn Apartment Building For Sale

      Apartment building for sale in Brooklyn, NY.
      360 Clinton Ave, Brooklyn, NY 11238
      View Details
    • $9,000,000

      Luxury Brooklyn Apartment Building

      Prime Crown Heights, 54 Units, Renovated
      0 551-547-553 Lincoln Pl, Brooklyn, NY 11238
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bright Studio in Bed-Stuy

      Studio apartment with in-unit laundry in the heart of Bed-Stuy.
      1112 Fulton St, New York City, NY 11238
      View Details
    • Contact for pricing
      13,251 SF

      Prospect Place Medical Office Space

      Brooklyn Medical Office Building - For Lease
      596 Prospect Pl, Brooklyn, NY 11238
      View Details
    • $5,500 /Mo
      1,800 SF

      Prospect Heights Mixed-Use Space

      Restaurant/retail space in excellent Brooklyn location near transit and attractions.
      622 Washington Ave, Brooklyn, NY 11238
      View Details
    • $9,800 /Mo

      Fulton Street Specialty Property

      Specialty property available for rent on Fulton Street.
      971 Fulton St, Brooklyn, NY 11238
      View Details
    • Contact for pricing
      1,500 SF

      Flatbush Avenue Retail Space Available

      Retail space for rent in high-traffic Brooklyn location.
      304-312 Flatbush Ave, Brooklyn, NY 11238
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space with Backyard, Basement

      1350 SF retail space featuring a backyard and basement.
      663 Franklin Ave, Brooklyn, NY 11238
      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.
    392 Clinton Ave
    Brooklyn, NY 11238-1186
    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.