Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    448 26th St, Unit 22 Brooklyn, NY 11226-7760

    • Apartment buildings
    • 10,000 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2022
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5896526
    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

    • Apartment buildings

    Property Details for 448 26th St

    Year built
    1910
    Lot size
    0.09 lot acres
    Property size
    10,000 SF
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    05212-0049
    APU
    52120049

    Description

    This exceptional 4-story multifamily building, located at 448 East 26th Street in the desirable Kings County area of Brooklyn, New York (zip code 11226), presents a compelling investment opportunity. The property boasts twelve residential units, offering a diverse mix of floor plans to cater to a wide range of tenants. The unit breakdown includes one 1-bedroom unit, three 3-bedroom units, and eight 2-bedroom units. All units are currently rented at preferential rates, presenting a significant opportunity to increase rental income. The building's prime residential location ensures strong tenant demand and consistent occupancy. This well-maintained property is situated in a thriving neighborhood, offering convenient access to local amenities, transportation, and other key attractions. The building's solid construction and established tenancy make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-yielding asset. The current rental structure provides a strong foundation for future growth, with considerable potential for increased profitability through strategic rent adjustments and property management optimization. This is a rare opportunity to acquire a well-positioned multifamily property in a highly sought-after Brooklyn neighborhood. The building's strong occupancy rates and potential for rental increases make it an ideal investment for those seeking long-term capital appreciation and consistent cash flow. The property's location in Kings County, New York, offers easy access to major transportation routes and a vibrant community atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,500,000
      Market price range: $1.10M - $2.47M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,655,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9525
    Latitude
    40.6393
    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
    $46,853
    $90,000
    $316,350
    $406,350
    -
    $200,000
    $703,000
    $903,000

    Comparable in this City

    • Value Estimation
      $16,335,000
      112,356 SF

      118 Clarkson Ave, Unit 130

      APARTMENT HOUSE (5+ UNITS) • 112,356 SF
      118 Clarkson Ave, Brooklyn, NY 11226
      View Details
    • Value Estimation
      $2,725,000
      64,980 SF

      45 10th Ct, Unit 58

      APARTMENT HOUSE (5+ UNITS) • 64,980 SF
      45 10th Ct, Brooklyn, NY 11226-3792
      View Details
    • Value Estimation
      $3,245,000
      75,756 SF

      25 10th Ct, Unit 61

      APARTMENT HOUSE (5+ UNITS) • 75,756 SF
      25 10th Ct, Brooklyn, NY 11226-8210
      View Details
    • Value Estimation
      $4,360,000
      102,198 SF

      1600 Caton Ave, Unit 77

      APARTMENT HOUSE (5+ UNITS) • 102,198 SF
      1600 Caton Ave, Brooklyn, NY 11226-1001
      View Details
    • Value Estimation
      $2,995,000
      65,296 SF

      22 Martense St, Unit 56

      APARTMENT HOUSE (5+ UNITS) • 65,296 SF
      22 Martense St, Brooklyn, NY 11226-3206
      View Details
    • Value Estimation
      $3,285,000
      21,300 SF

      667 Ocean Ave, Unit 49

      APARTMENT HOUSE (5+ UNITS) • 21,300 SF
      667 Ocean Ave, Brooklyn, NY 11226-4975
      View Details

    Similar Nearby for Sale

    • $2,999,999
      6,197 SF

      Brooklyn Multi-Unit Modern Living

      New construction Brooklyn building with six residential units.
      332 E 28Th St, Brooklyn, NY 11226
      View Details
    • $1,200,000
      3,420 SF

      Vacant Mixed-Use Brooklyn Opportunity

      Fully vacant mixed-use building with two apartments and one commercial store.
      950 Rogers Ave, Brooklyn, NY 11226
      View Details
    • $1,235,000
      3,300 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use property with vacant commercial unit on active corridor.
      1752 Nostrand Ave, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      411,892 SF

      Prospect Park South Portfolio

      Prime Brooklyn Multifamily Investment
      816 Ocean Ave, Brooklyn, NY 11226
      View Details
    • $2,250,000
      Pending

      Brooklyn Multifamily Property For Sale

      Multifamily property in Brooklyn, NY, featuring 4,268 square feet.
      1207 Rogers Ave, Brooklyn, NY 11226
      View Details
    • $1,399,000

      Eight-Unit Multifamily Building Near Subway

      Eight-unit multifamily building near Newkirk Plaza B/Q subway station.
      622 Marlborough Rd, Brooklyn, NY 11226
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo
      Pending

      Brooklyn Apartment for Rent

      Apartment for rent in Brooklyn, NY, priced at $2300.
      458 E 25Th St, Brooklyn, NY 11226
      View Details
    • $3,100 /Mo

      Renovated Apartment in Flatbush

      Spacious, renovated 2-bedroom apartment with bonus rooms in Flatbush.
      1228 Flatbush Ave, Brooklyn, NY 11226
      View Details
    • $2,600 /Mo

      Renovated Two-Bedroom Apartment in Brooklyn

      Newly renovated 2-bedroom apartment near Newkirk Plaza Station.
      633 Marlborough Rd, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      7,000 SF

      Prime Brooklyn Retail Space

      7,000 SF Retail Space Available
      2215 Vanderveer Pl, Brooklyn, NY 11226
      View Details
    • $69,600
      1,600 SF

      Church Ave Executive Office Suite

      Prime Kings County Office Space Available
      2014 Church Ave, Brooklyn, NY 11226
      View Details
    • Contact for pricing
      1,400 SF

      Flatbush Avenue Retail Space Available

      Retail space in high-traffic, dense residential Brooklyn neighborhood.
      1169-1173 Flatbush Ave, Brooklyn, NY 11226
      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.
    448 26th St, Unit 22
    Brooklyn, NY 11226-7760
    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.
    Sign Up Successful!
    You now have access to more from Realmo!