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    420 Kent Ave Brooklyn, NY 11249
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    420 Kent Ave Brooklyn, NY 11249

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    • Retail residential properties
    • 543,250 SF
    • 1.84 lot acres
    For Lease
    View Listing →
    Williamsburg Retail Space on Kent For Lease
    Contact for pricing
    3,500 SF

    Williamsburg Retail Space on Kent

    Retail space in affluent Williamsburg waterfront area, open layout.

    420 Kent Ave, Brooklyn, NY
    View Listing
    Property ID
    US63-2587579
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chai Urgent Care South Williamsburg - Brooklyn, NY / Medical Clinic
    • Feya / Medical Clinic
    • FTV Health Coach / Health Counselor
    • Doula Sabina NYC / Alternative Medicine Practice / Medical Clinic
    • League of Boroughs / Sports School / Sports Field & Court

    Property Details for 420 Kent Ave

    Year built
    2016
    Lot size
    1.84 lot acres
    Property size
    543,250 SF
    Zone code
    R7-3
    Property type
    Retail residential properties
    APN
    02134-0056
    APU
    21340056

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $762,537,000
      Market price range: $320M - $1.40G

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $799,190,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9692
    Latitude
    40.7097
    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
    $276,840
    $3,596,400
    $54,809,550
    $58,405,950
    -
    $7,992,000
    $121,799,000
    $129,791,000

    Comparable in this City

    • Value Estimation
      $10,600,000
      169,319 SF

      321 Wythe Ave

      STORES & APARTMENTS • 169,319 SF
      321 Wythe Ave, Brooklyn, NY 11249-5178
      View Details
    • Value Estimation
      $11,925,000
      28,300 SF

      169 Wythe Ave

      STORES & APARTMENTS • 28,300 SF
      169 Wythe Ave, Brooklyn, NY 11249-8676
      View Details
    • Value Estimation
      $27,465,000
      748,308 SF

      555 Wythe Ave, Unit 647

      STORES & APARTMENTS • 748,308 SF
      555 Wythe Ave, Brooklyn, NY 11249
      View Details
    • Value Estimation
      $4,710,000
      18,619 SF

      347 Berry St

      STORES & APARTMENTS • 18,619 SF
      347 Berry St, Brooklyn, NY 11249-5253
      View Details
    • Value Estimation
      $11,210,000
      26,631 SF

      84 Broadway

      STORES & APARTMENTS • 26,631 SF
      84 Broadway, Brooklyn, NY 11249-8665
      View Details
    • Value Estimation
      $3,550,000
      13,566 SF

      245 Kent Ave

      STORES & APARTMENTS • 13,566 SF
      245 Kent Ave, Brooklyn, NY 11249-4172
      View Details

    Similar Nearby for Sale

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      5,350 SF

      Extra Large Mixed-Use Brick 6 Family + 2 Stores

      Extra Large Mixed-Use Brick 6 Family + 2 Stores
      105 BERRY STREET, BROOKLYN, NY 11249
      View Details
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      2,930 SF

      Established Bar with Roofdeck, Mezzanine

      Craft cocktail bar with roofdeck and mezzanine near Williamsburg Bridge.
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      View Details
    • Contact for pricing
      52,000 SF

      Brooklyn Retail and Garage Condominiums

      52,000 SF retail and garage condominium units in Williamsburg, Brooklyn.
      197-203 Berry St, Brooklyn, NY 11249
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Luxury Williamsburg Living

      Prime location, luxury amenities, near Bedford Avenue.
      250 Bedford Ave, Brooklyn, NY 11249
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      12,000 SF

      Prime Brooklyn Medical Office Space

      12,000 SF Medical Office For Lease
      187 Kent Ave, Brooklyn, NY 11249
      View Details
    • Contact for pricing

      Storefront Retail and Residential Space

      Storefront retail and residential space available for rent.
      103 N 3Rd St, Brooklyn, NY 11249
      View Details
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      Prime Retail Space in Brooklyn

      Retail space in a vibrant, high-traffic Brooklyn location.
      44 N 6Th St, Brooklyn, NY 11249
      View Details
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      6,209 SF

      Brooklyn Retail Space For Rent

      Retail space available in Brooklyn with high ceilings and parking.
      127 12Th St, Brooklyn, NY 11249
      View Details
    • Contact for pricing
      2,452 SF

      Retail Space in Luxury Condo

      Retail space available at the base of luxury condo development.
      131 Kent Ave, Brooklyn, NY 11249
      View Details
    View Listing
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    420 Kent Ave
    Brooklyn, NY 11249
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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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