Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    596 Bushwick Ave Brooklyn, NY 11206
    Back to Search
    Property profile & analytics

    596 Bushwick Ave Brooklyn, NY 11206

    View on Map
    • Retail residential properties
    • 19,460 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US63-3428100
    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.
    Value Estimations
    $4,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 596 Bushwick Ave

    Year built
    1931
    Lot size
    0.13 lot acres
    Property size
    19,460 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    03160-0032
    APU
    31600032

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,754,000
      Market price range: $5.52M - $11.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9343
    Latitude
    40.6982
    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
    $113,564
    $78,300
    $845,100
    $923,400
    -
    $174,000
    $1,878,000
    $2,052,000

    Comparable in this City

    • Value Estimation
      $21,355,000
      71,947 SF

      871 Myrtle Ave

      STORES & APARTMENTS • 71,947 SF
      871 Myrtle Ave, Brooklyn, NY 11206
      View Details
    • Value Estimation
      $21,850,000
      388,023 SF

      54 Noll St

      STORES & APARTMENTS • 388,023 SF
      54 Noll St, Brooklyn, NY 11206-4707
      View Details
    • Value Estimation
      $11,015,000
      345,248 SF

      202-204 Graham Ave

      STORES & APARTMENTS • 345,248 SF
      202-204 Graham Ave, Brooklyn, NY 11206
      View Details
    • Value Estimation
      $515,000
      1,435 SF

      478 Bushwick Ave

      STORE/OFFICE (MIXED USE) • 1,435 SF
      478 Bushwick Ave, Brooklyn, NY 11206-4607
      View Details
    • Value Estimation
      $22,815,000
      72,606 SF

      260 Meserole St, Unit 272

      STORES & APARTMENTS • 72,606 SF
      260 Meserole St, Brooklyn, NY 11206-2242
      View Details
    • Value Estimation
      $49,525,000
      190,492 SF

      Walton St

      STORES & APARTMENTS • 190,492 SF
      Walton St, Brooklyn, NY 11206
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Williamsburg Mixed-Use Property For Sale

      Mixed-use property featuring retail space and five residential units.
      176 Graham Ave, Brooklyn, NY 11206
      View Details
    • $9,999,999

      Brooklyn Mixed-Use Property For Sale

      Spacious Brooklyn property near cafes, restaurants, parks, and transportation.
      87 Graham Ave, Brooklyn, NY 11206
      View Details
    • $3,500,000

      Mixed-Use Corner Asset, Brooklyn

      Corner lot with residential and commercial units in Bedford-Stuyvesant.
      266 Throop Ave, Brooklyn, NY 11206
      View Details
    • $4,500,000
      8,200 SF

      Brooklyn Mixed-Use Industrial Building

      Four-story, 8,200 SF mixed-use building with flexible zoning.
      71 Montrose Ave, Brooklyn, NY 11206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brooklyn Mixed-Use Property For Rent

      Mixed-use property near transportation and new development in Brooklyn.
      609 Marcy Ave, Brooklyn, NY 11206
      View Details
    • $6,500 /Mo
      2,500 SF

      Brooklyn Commercial Building for Lease

      2,500 SF commercial building in trendy Bushwick location.
      407 Johnson Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing

      Williamsburg Warehouse Space Available

      5,000 sq ft warehouse available for rent in Williamsburg.
      360 Scholes St, Brooklyn, NY 11206
      View Details
    • Contact for pricing

      Brooklyn Warehouse with Drive-In Doors

      Warehouse space available for lease, featuring multiple drive-in doors.
      172 Montrose Ave, Brooklyn, NY 11206
      View Details
    • $4,550 /Mo
      800 SF

      Graham Ave Retail Space Available

      New construction retail space with basement in Graham Ave.
      154-156 Graham Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      20,000 SF

      Williamsburg Office Space For Rent

      20,000 SF office space in new Williamsburg construction.
      28 Debevoise St, Brooklyn, NY 11206
      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.
    596 Bushwick Ave
    Brooklyn, NY 11206
    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

    Thank You for Inquiry
    596 Bushwick Ave, Brooklyn, NY, 11206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!