Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    395 Flatbush Ave Ext Brooklyn, NY 11201-5300
    Back to Search
    Property profile & analytics

    395 Flatbush Ave Ext, Brooklyn, NY 11201-5300

    View on Map
    • Banks
    • 376,071 SF
    • 1.16 lot acres
    Off-Market
    Property ID
    US63-2139141
    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.
    Value Estimations
    $1,895,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • Refresh Nail N Spa / Nail Salon
    • Starbucks / Cafe & Coffee Shop
    • Eric Nathaniel Witzenburg / Physician
    • Cohen's Fashion Optical / Ophthalmologist / (Bike/Boat/Book/etc) Store

    Property Details for 395 Flatbush Ave Ext

    Year built
    1974
    Lot size
    1.16 lot acres
    Zone code
    C6-4
    Property type
    Banks
    APN
    02093-0001
    APU
    20930001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9807
    Latitude
    40.6894
    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
    $2,908,666
    $1,706,400
    $30,561,300
    $32,267,700
    -
    $3,792,000
    $67,914,000
    $71,706,000

    Comparable in this City

    • Value Estimation
      $1,010,000
      128,000 SF

      50 Ct St

      FINANCIAL BUILDING
      50 Ct St, Brooklyn, NY 11201-4879
      View Details
    • Value Estimation
      $2,055,000
      139,273 SF

      44 Ct St

      FINANCIAL BUILDING
      44 Ct St, Brooklyn, NY 11201-4405
      View Details
    • Value Estimation
      $885,000
      129,520 SF

      175 Remsen St

      FINANCIAL BUILDING
      175 Remsen St, Brooklyn, NY 11201-4333
      View Details
    • Value Estimation
      $3,730,000
      306,853 SF

      240 Livingston St, Unit 252

      FINANCIAL BUILDING
      240 Livingston St, Brooklyn, NY 11201-5812
      View Details
    • Value Estimation
      $3,820,000
      274,426 SF

      29 Columbia Hts

      FINANCIAL BUILDING
      29 Columbia Hts, Brooklyn, NY 11201
      View Details
    • Value Estimation
      $3,005,000
      476,000 SF

      4575 Main St

      FINANCIAL BUILDING
      4575 Main St, Brooklyn, NY 11201-1000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,162 SF

      Smith Street Development Opportunity

      Approved plans for a 5-story, 7-unit elevator building.
      157 Smith St, Brooklyn, NY 11201
      View Details
    • Contact for pricing

      Brooklyn Mixed-Use Building For Sale

      Mixed-use building with six apartments and a storefront.
      1499 Fulton St, Brooklyn, NY 11201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,860 SF

      Former Bank Space Available

      1860 SF retail space, former bank, near 11 subway lines.
      81 Fleet Pl, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,050 SF

      Prime Retail Space in Brooklyn

      Corner retail space at luxury residential building, excellent location.
      45 Hoyt St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      1,062 SF

      Downtown Brooklyn Retail Space Available

      1584 SF retail space in Downtown Brooklyn's City Point.
      7 Dekalb Ave, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Brooklyn Available

      1000 SF retail space for rent in Brooklyn.
      114 Smith St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      1,800 SF

      Brooklyn Retail Space For Rent

      Second floor commercial space available in Brooklyn, New York.
      56 Willoughby St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      4,416 SF

      D.U.M.B.O. Building Leasing Opportunity

      Unique 19,657 SF building in the heart of D.U.M.B.O.
      261-265 Water St, Brooklyn, NY 11201
      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.
    395 Flatbush Ave Ext
    Brooklyn, NY 11201-5300
    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

    Thank You for Inquiry
    395 Flatbush Ave Ext, Brooklyn, NY, 11201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!