Property profile

523 Nostrand Ave Brooklyn, NY 11216

OFF-MARKET
Commercial real estate
Property ID
US63-3987214
2,280 SF 0.04 ac lot Built 1910
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 2,280 SF
Lot 0.04 ac (1,933 SF)
Zoning code C45D
APN 01867-0015
UPID US63-3987214

Cap rate & NOI

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

Location

523 Nostrand Ave Brooklyn, NY 11216-2804
Brooklyn metro Census 24700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$860k

Owner & transaction history

since 2006
1 recorded transaction
2006
$1.5M

Zoning & alternative use

C45D · Brooklyn, NY
Top alternative use upside
Office building $1.3M +24.1%
Warehouse, storage $1.1M +13.0%

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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