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

    5002 2nd Ave, Unit 5012 Brooklyn, NY 11232-4320

    • Warehouses
    • 139,264 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Feb 26, 2020
    $48,786,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6222373
    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

    • Public Storage / Storage Facility
    • Tacos El Jarocho / Restaurant

    Property Details for 5002 2nd Ave

    Year built
    2017
    Lot size
    0.95 lot acres
    Property size
    139,264 SF
    Zone code
    M3-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    00788-0032
    APU
    7880032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $62,957,000
      Market price range: $46.3M - $81.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $66,650,000
      Current use
      INDUSTRIAL (GENERAL)
      $79,045,000
      Change: +19% Conversion: Easy
      OFFICE BUILDING
      $76,660,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $54,805,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0176
    Latitude
    40.6491
    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
    $753,091
    $745,200
    $6,364,800
    $7,110,000
    -
    $1,656,000
    $14,144,000
    $15,800,000

    Comparable in this City

    • Value Estimation
      $2,990,000
      29,758 SF

      629 3rd Ave

      MINI-WAREHOUSE, STORAGE • 29,758 SF
      629 3rd Ave, Brooklyn, NY 11232-1007
      View Details
    • Value Estimation by Request
      64,708 SF

      367 38th St, Unit 379

      MINI-WAREHOUSE, STORAGE • 64,708 SF
      367 38th St, Brooklyn, NY 11232-2511
      View Details
    • Value Estimation by Request
      1,000,000 SF

      67 34Th St

      Life science properties • 1,000,000 SF
      67 34Th St, Brooklyn, NY 11232
      View Details
    • Value Estimation by Request
      1,000,000 SF

      80 39Th St

      Refrigerated & Cold Storage • 1,000,000 SF
      80 39Th St, Brooklyn, NY 11232
      View Details
    • Value Estimation
      $615,000
      2,500 SF

      266 40th St

      WAREHOUSE, STORAGE • 2,500 SF
      266 40th St, Brooklyn, NY 11232-2810
      View Details
    • Value Estimation
      $580,000
      2,500 SF

      136 21st St

      WAREHOUSE, STORAGE • 2,500 SF
      136 21st St, Brooklyn, NY 11232-1104
      View Details

    Similar Nearby for Sale

    • $2,100,000
      2,450 SF

      Brooklyn Warehouse in Sunset Park

      Solid brick warehouse in prime Sunset Park location.
      425 39Th St, Brooklyn, NY 11232
      View Details
    • $1,850,000
      2,375 SF

      Brooklyn Warehouse with Flexible Space

      Versatile Brooklyn warehouse with income potential and flexible layout.
      544 39Th St, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      9,000 SF

      Brooklyn Warehouse Near Industry City

      9,000 SF warehouse near Industry City and medical campus.
      4415 1St Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      60,000 SF

      Brooklyn Industrial Site For Sale

      Large industrial site in Industry City with loading access.
      4401 2Nd Ave, Brooklyn, NY 11232
      View Details
    • $4,999,999
      23 SF

      Brooklyn Corner Lot with Expansion Potential

      Two-story building with open lot in Sunset Park.
      4223 2Nd Ave, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      6,007 SF

      Brooklyn Warehouse with BQE Access

      Two-story warehouse suitable for owner-users, close to Manhattan.
      149 34Th St, Brooklyn, NY 11232
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      105,766 SF

      Industry City Creative Spaces

      Versatile Office & Industrial
      220 36Th St, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      5,000 SF

      Brooklyn Warehouse with Retail Exposure

      5,000 SF warehouse space with semi-retail exposure available for lease.
      213 20Th St, Brooklyn, NY 11232
      View Details
    • 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
    • $28 SF/Yr
      27,000 SF

      Sunset Park Warehouse Opportunity

      27,000 SF Warehouse, Prime Location
      121 30Th St, Brooklyn, NY 11232
      View Details
    • Contact for pricing
      2,500 SF

      Brooklyn Warehouse with Loading Bay

      1900 SF warehouse space featuring a loading bay.
      3905-3911 2Nd Ave, 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.
    5002 2nd Ave, Unit 5012
    Brooklyn, NY 11232-4320
    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!