422 Atlantic Ave COMM Brooklyn, NY 11217-1704
Entity Owned
12-yr Hold
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID
US63-1201592
Property summary
AI-generated overview
This exceptional retail property at 422 Atlantic Avenue in Boerum Hill, Brooklyn, offers a compelling investment opportunity. The 686 square foot space is currently 100% occupied under a NNN lease, providing a stable income stream with a strong 7.50% capitalization rate. The asking price is $850,000. Located in the heart of Downtown Brooklyn, this vibrant and diverse neighborhood boasts a mix of residential, commercial, and cultural attractions. The property benefits from unparalleled transportation access, with multiple subway lines (A, C, G, 2, 3, 4, and 5) within a two-block radius, serving over 14 million annual riders. The surrounding area features over 7,000 residential units, creating a robust and thriving community. The Barclays Center, a major sports and entertainment venue, is a short five-minute walk away, further enhancing the property's appeal and potential for high foot traffic. The space will be delivered vacant upon closing. This presents a unique chance to acquire a well-situated retail property in a high-demand location with excellent growth potential. The single-unit property is ideal for owner-occupancy or continued lease income.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1900
Total area
830 SF
Lot
0.04 ac (1,600 SF)
Zoning code
R6A
APN
00184-1001
UPID
US63-1201592
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
since 2013
Last sale
$782,250
3 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$275k
Value range
$248k – $303k
±10% around blend
Estimated value / SF
$331 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$248k
blend $275k
$303k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
830 SF
Lot area
0.04 ac
Year built
1900
Stories
1
APN
00184-1001
Assessed value
$56,940
Annual tax
$4,588
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$944k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.3 mi away · 805 SF
9.2 mi away · 624 SF
9.5 mi away · 840 SF
9.5 mi away · 846 SF
9.6 mi away · 661 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$275k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 102 sales
$829
-60%
Submarket 3044 sales
$491
-32%
County 3044 sales
$491
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $331/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$782k
Move the market yield to see immediate price impact.
Value / SF
$942
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$49k
$986k
$704k
$548k
$55k
$1.10M
$782k
$608k
$60k
$1.20M
$860k
$669k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$480k
3.4 mi · Jan 2026 · $471/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,588
Tax year 2024
Assessed value
$56,940
Assessed 2024
Previous assessed
$69,780
-18.4% YoY
Effective rate
8.06%
On assessed value
Assessed land
$2,322
Assessed improvement
$54,618
Land market value
$38,696
Improvement market value
$910,304
Total market value
$949,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
830 SF
Lot
0.04 ac (1,600 SF)
Zoning code
R6A
APN
00184-1001
UPID
US63-1201592
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NYZoning R6A · permitted uses
R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6A
Jurisdiction
Brooklyn, NY
Recorded code
R6A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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