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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    434 39th St Brooklyn, NY 11232-4297

    • Investment properties
    • 1,748 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2021
    $950,000
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    6%
    Investment properties
    Location Intelligence
    Property ID
    US63-1591216
    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

    • Thomas VanDyke Gallery / Art Gallery
    • DaVinci Global Mobility / Employment Agency / Business Service Center

    Property Details for 434 39th St

    Year built
    1910
    Lot size
    0.06 lot acres
    Property size
    1,748 SF
    Zone code
    M1-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00709-0018
    APU
    7090018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,055,000
      ML approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,060,000
      6.5%
      $975,000
      7%
      $905,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $690,000
      Current use
      AUTO REPAIR, GARAGE
      $1,390,000
      Change: +102% Conversion: Difficult
      RETAIL STORES
      $1,345,000
      Change: +96% Conversion: Easy
      OFFICE BUILDING
      $960,000
      Change: +40% Conversion: Easy
      WAREHOUSE, STORAGE
      $835,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0054
    Latitude
    40.6519
    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
    $4,153
    $17,520
    $42,300
    $59,820
    -
    $292,000
    $705,000
    $997,000

    Comparable in this City

    • Value Estimation
      $1,435,000
      4,258 SF

      4201 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,258 SF
      4201 7th Ave, Brooklyn, NY 11232-3903
      View Details
    • Value Estimation
      $795,000
      3,130 SF

      755 4th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,130 SF
      755 4th Ave, Brooklyn, NY 11232-1416
      View Details
    • Value Estimation
      $900,000
      2,905 SF

      954 3rd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,905 SF
      954 3rd Ave, Brooklyn, NY 11232-2206
      View Details
    • Value Estimation
      $680,000
      2,612 SF

      148 20th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,612 SF
      148 20th St, Brooklyn, NY 11232-1255
      View Details
    • Value Estimation
      $885,000
      3,500 SF

      222 22nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,500 SF
      222 22nd St, Brooklyn, NY 11232-1304
      View Details
    • Value Estimation
      $1,670,000
      5,600 SF

      4102 3rd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,600 SF
      4102 3rd Ave, Brooklyn, NY 11232-2808
      View Details

    Similar Nearby for Sale

    • $2,999,000
      2,400 SF

      Sunset Park Mixed-Use Building

      Corner building with retail and residential units in Brooklyn.
      3924 9Th Ave, Brooklyn, NY 11232
      View Details
    • $2,295,000
      4,000 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building for sale in Sunset Park, Brooklyn.
      943 4Th Ave, Brooklyn, NY 11232
      View Details
    • $1,500,000
      3,726 SF

      Brooklyn Commercial Condo on 8th Avenue

      3,726 SF duplex commercial condo on busy 8th Avenue.
      4018 8Th Ave, Brooklyn, NY 11232
      View Details
    • $7,990,000
      19,104 SF

      Brooklyn Mixed-Use Commercial Building

      Four-story mixed-use building in Sunset Park with commercial and residential units.
      4317 8Th Ave, Brooklyn, NY 11232
      View Details
    • $2,600,000
      4,125 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Sunset Park with commercial and residential units.
      3919 4Th Ave, Brooklyn, NY 11232
      View Details
    • $2,175,000
      3,703 SF

      Sunset Park Mixed-Use Investment

      Mixed-use building with residential units and commercial space.
      3905 5Th Ave, Brooklyn, NY 11232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Prime Brooklyn Warehouse/Flex Space

      15,000 SF Industrial Space For Lease
      125 51St St, Brooklyn, NY 11232
      View Details
    • $4,700 /Mo

      Elegant Floor-Through Rental Residence

      Three-bedroom, two-bath residence with courtyard access in Greenwood Heights.
      157 25Th St, Brooklyn, NY 11232
      View Details
    • $16 SF/Yr
      1,500 SF

      Sunset Park Office Space For Lease

      1,500 sq ft Office, High Traffic Area
      745 39Th St 3, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      11,217 SF

      Brooklyn Mixed-Use Development Retail Space

      Retail space available in a 6,000,000 SF mixed-use development.
      32-88 33Rd St, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      120,000 SF

      Liberty View: Prime Brooklyn Retail

      Spacious Brooklyn retail space, ample parking.
      Industry City Liberty Vw, Brooklyn, NY 11232
      View Details
    • $30 SF/Yr
      22,000 SF

      Prime Brooklyn Industrial Space

      10,000 SF Available, Flexible Layout
      84 18Th St, Brooklyn, NY 11232
      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.
    434 39th St
    Brooklyn, NY 11232-4297
    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.