Technical
Financial
Distress signals
Property profile

437 Ovington Ave Brooklyn, NY 11209

OFF-MARKET
Medical Office Space
Property ID
US63-2266233
46,704 SF 0.49 ac lot Built 1959
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1959
Total area 46,704 SF
Lot 0.49 ac (21,505 SF)
Zoning code R3X
APN 05873-0077
UPID US63-2266233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

437 Ovington Ave Brooklyn, NY 11209-1504
Brooklyn metro Census 13000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.25M

Owner & transaction history

since 2024
Last sale
$10.3M
2 recorded transactions
2024
$10.3M
2020
Price N/A

Zoning & alternative use

R3X · Brooklyn, NY
Top alternative use upside
Restaurant $8.5M +220.6%
Retail stores $7.6M +187.1%
Auto repair, garage $7.5M +183.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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