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    Property profile & analytics

    50 Brighton 1St Pl Brooklyn, NY 11235

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2404640
    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

    • Commercial real estate

    Property Details for 50 Brighton 1St Pl

    Property type
    Commercial real estate

    Description

    This exceptional 1,800 square foot land parcel presents a unique development opportunity in the vibrant Brooklyn neighborhood. Located at 50 Brighton 1st Place, Brooklyn, NY 11235, this Kings County property offers significant potential for investors and builders. The asking price is $599,000. The lot's size provides ample space for various construction projects, subject to all necessary approvals and permits. The property is conveniently situated in a desirable area of Brooklyn, offering easy access to local amenities, transportation, and key thoroughfares. This is a rare chance to acquire a sizable plot of land in a thriving New York City borough. The property is being sold in conjunction with 51 Brighton 1st Place, a detached single-family home, providing additional possibilities for a comprehensive development strategy. Detailed site plans and zoning information are available upon request. Serious inquiries only. This is an exceptional opportunity to capitalize on the robust Brooklyn real estate market. The property's location within Kings County offers access to a diverse range of community resources and a strong local economy. Don't miss this chance to secure a prime piece of Brooklyn real estate. All interested parties should conduct their own due diligence to verify all information and assess the suitability of the property for their intended use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9656966
    Latitude
    40.5764185

    Comparable in this City

    • $1,999,000

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      3063 Brighton 6Th St

      Land
      3063 Brighton 6Th St, Brooklyn, NY 11235
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    • $1,550,000

      Brighton 11th Street Land Parcel

      Commercial land available for sale in Brooklyn, NY.
      113 Brighton 11Th St, Brooklyn, NY 11235
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    Similar Nearby for Sale

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      3063 Brighton 6Th St

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      3063 Brighton 6Th St, Brooklyn, NY 11235
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      Brighton 11th Street Land Parcel

      Commercial land available for sale in Brooklyn, NY.
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    • $208,900

      Vacant Lot Near Amenities

      1600 sq ft vacant lot near shopping and banking.
      27 Brighton 4Th Walk, Brooklyn, NY 11235
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    • $2,999,000
      0.21 Acres

      Sheepshead Bay Development Opportunity

      Approved plans for multi-family homes or condominiums in prime location.
      2310 Jerome Ave, Brooklyn, NY 11235
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    • $519,999
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      Sheepshead Bay Land Opportunity

      Land for sale in Sheepshead Bay with two-family plans.
      16a Dunne Pl, Brooklyn, NY 11235
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    • $1,999,000

      Commercial Land Available

      Commercial land for sale in Brooklyn, New York.
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    Similar Nearby for Lease

    • Contact for pricing
      10,200 SF

      Prime Brooklyn Office Space

      Modern 10,200 sq ft office building, divisible.
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    • $71 SF/Yr
      1 SF

      Brighton Beach Retail Trio

      Three prime retail spaces, 800 sqft each.
      0 1103-1105-1107 Brighton Bch Ave, Brooklyn, NY 11235
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    • $3,800 /Mo
      1,200 SF

      Sheepshead Bay Office Space Available

      Office space for rent in prime Sheepshead Bay location.
      4050 Nostrand Ave, Brooklyn, NY 11235
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    • $4,000 /Mo
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      Brighton Beach Office Space Available

      Fully built-out office space in prime Brighton Beach location.
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    • Contact for pricing
      1,874 SF

      Retail Space on Nostrand Avenue

      Retail space with high traffic and immediate availability.
      3809 Nostrand Ave, Brooklyn, NY 11235
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    • $2,800 /Mo
      1,100 SF

      Brighton Beach Office Space Available

      Office space for lease in prime Brighton Beach location.
      3071 Brighton 13Th St, Brooklyn, NY 11235
      View Details
    Request Owner's contact information
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    50 Brighton 1St Pl
    Brooklyn, NY 11235
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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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