552 Howard Ave Brooklyn, NY 11233-6780
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$3.78M
Range $3.40M – $4.15M (±10%)
Property ID
US63-1874808
Property summary
AI-generated overview
This 700 square foot ground floor retail space at 552 Howard Avenue in Crown Heights, Brooklyn, is a fantastic opportunity for a variety of businesses. Located between Eastern Parkway and Pitkin Avenue, this "vanilla box" space boasts 11 feet of frontage and 10-foot high ceilings, offering excellent visibility and ample room for customization. The property includes a full basement, adding significant storage potential. The space is in new condition and features a bathroom, HVAC system, a prep sink, and venting capabilities are possible. For tenants signing a lease before January 15th, the landlord is offering a substantial tenant improvement (TI) allowance and concession package to assist with build-out. All uses will be considered, making this an ideal location for a salon, deli, or other retail establishment. The property is situated in the vibrant Crown Heights submarket of Kings County, New York, with easy access to major transportation routes. This turnkey space presents a rare opportunity to establish a thriving business in a prime Brooklyn location with significant landlord support. The zip code is 11233.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1921
Total area
1,530 SF
Lot
0.02 ac (850 SF)
Zoning code
R6A
APN
01475-0060
UPID
US63-1874808
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 33 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.78M
Value range
$3.40M – $4.15M
±10% around blend
Estimated value / SF
$2,467 / SF
Confidence
High
33 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$3.40M
blend $3.78M
$4.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,530 SF
Lot area
0.02 ac
Year built
1921
Stories
2
APN
01475-0060
Assessed value
$35,760
Annual tax
$5,301
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$778k
Weighted, 20 comps · high confidence
Evidence
33 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 1,872 SF
0.8 mi away · 1,840 SF
2.5 mi away · 1,620 SF
3.1 mi away · 1,800 SF
3.2 mi away · 1,450 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.78M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 51 sales
$332
+643%
Submarket 3044 sales
$491
+403%
County 3044 sales
$491
+403%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $2,467/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 33 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.77M
Move the market yield to see immediate price impact.
Value / SF
$2,467
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$238k
$4.76M
$3.40M
$2.64M
$264k
$5.29M
$3.77M
$2.94M
$291k
$5.81M
$4.15M
$3.23M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
33 found
High confidence · county-verified
Closest comparable
$650k
0.5 mi · Jan 2026 · $387/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,301
Tax year 2024
Assessed value
$35,760
Assessed 2024
Previous assessed
$35,760
+0.0% YoY
Effective rate
14.82%
On assessed value
Assessed land
$7,680
Assessed improvement
$28,080
Land market value
$128,000
Improvement market value
$468,000
Total market value
$596,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1921
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
1,530 SF
Lot
0.02 ac (850 SF)
Zoning code
R6A
APN
01475-0060
UPID
US63-1874808
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NYZoning R6A · permitted uses
R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1921
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6A
Jurisdiction
Brooklyn, NY
Recorded code
R6A
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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