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    Property profile & analytics

    550 Remsen Ave Brooklyn, NY 11236-1002

    • Retail space
    • 4,698 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $580,000
    Location Intelligence
    Property ID
    US63-4117295
    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

    • Dr. Conrad F. Cean / Pain Management Physician
    • Frank Zhan Best Physical Therapy P.C. / Physical Therapy Clinic
    • Oasis New York Bar & Lounge / Night Club
    • Joe's Academy of Music / Dance School / Music School

    Property Details for 550 Remsen Ave

    Year built
    2010
    Lot size
    0.16 lot acres
    Property size
    4,698 SF
    Zone code
    C8-1
    Property type
    Retail space
    APN
    04686-0010
    APU
    46860010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $545,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $615,000
      Retail
      $720,000
      Mixed-Use
      $580,000
      Hospitality
      $540,000
      Educational
      $520,000
      Residential Income
      $590,000
      Energy
      $555,000
      Income-Based Land
      $690,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9205
    Latitude
    40.653
    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
    $36,940
    $144,900
    $203,850
    $348,750
    -
    $322,000
    $453,000
    $775,000

    Comparable in this City

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    • Value Estimation by Request
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      1443 Rockaway Pkwy

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      2,109 SF

      9101-9103 Ave L L

      RETAIL STORES (PERSONAL SERVICES) • 2,109 SF
      9101-9103 Ave L L, Brooklyn, NY 11236
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    • Value Estimation by Request
      10,000 SF

      10202 Flatlands Ave, Unit 10214

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
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      4,060 SF

      842 Ralph Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,060 SF
      842 Ralph Ave, Brooklyn, NY 11236-1013
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    • Value Estimation by Request
      3,840 SF

      9001 Ave A A, Unit 9011

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      9001 Ave A A, Brooklyn, NY 11236-1208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,600 SF

      Retail Building on Remsen Avenue

      One-story, 6,600 SF retail building with parking.
      933 Remsen Ave, Brooklyn, NY 11236
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      Brooklyn Medical/Commercial Space For Sale

      4,934 SF medical/commercial space with parking in Canarsie, Brooklyn.
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      Mixed-Use Building in Canarsie

      Income-producing mixed-use building with store and two apartments.
      1372 Rockaway Pkwy, Brooklyn, NY 11236
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    • Contact for pricing
      3,959 SF

      Canarsie Commercial Building with Parking

      3,959 SF commercial building with parking in Canarsie, Brooklyn.
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    Similar Nearby for Lease

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      1,690 SF

      Rockaway Parkway Retail Space Available

      1690 SF retail space with full basement near L train.
      1453-1463 Rockaway Pkwy, Brooklyn, NY 11236
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    • $42 SF/Yr
      1,000 SF

      Brooklyn Retail Space Available

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      1,800 SF

      Retail Space Near Subway Station

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    • $4,000 /Mo
      1,000 SF

      Retail Space Near Transportation Hub

      Retail space available near transportation and local amenities.
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    • Contact for pricing
      5,268 SF

      Flatlands Avenue Retail Space Available

      Retail space on Flatlands Avenue with high foot traffic.
      7924 Flatlands Ave, Brooklyn, NY 11236
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    • $40 SF/Yr
      3,600 SF

      Brooklyn Retail Space for Rent

      3,600 SF retail space available for lease in Brooklyn.
      8002 Flatlands Ave, Brooklyn, NY 11236
      View Details
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    Brooklyn, NY 11236-1002
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    Realmo Value Estimation

    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.

    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.

    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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