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Property profile & analytics
OFF-MARKET Estimated value $845,000
Retail space

6210 18th Ave Brooklyn, NY 11204-2901

2,160 SF 0.06 ac lot Built 1931
Entity Owned 14-yr Hold Free & Clear
Property ID
US63-3515430
Property summary
AI-generated overview

This vacant storefront at 6210 18th Avenue, Brooklyn, NY 11204, presents a compelling investment opportunity. The 2,160 square foot building, situated on a 30' x 81.42' lot, boasts a full basement adding approximately 2,160 square feet of additional space, for a total of approximately 4,320 square feet. Located on the bustling 18th Avenue retail corridor, between 62nd and 63rd Streets, this property benefits from high foot traffic and proximity to numerous national and local retailers, including Starbucks, Dunkin' Donuts, Target, Chipotle, Chase Bank, Citi Bank, and CVS. The R5 zoning with a C1-2 overlay allows for mixed-use development, offering flexibility for residential use above ground-floor commercial space. The property's strategic location is further enhanced by its proximity to the 18th Avenue (N, W) subway station, providing convenient access to Manhattan, Queens, and the rest of Brooklyn. The asking price is $2,400,000, with low annual property taxes of $14,166. This is an ideal opportunity for an owner-user or value-add investor seeking a prime location in a thriving Brooklyn neighborhood. The property has a long history of family ownership.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Total area 2,160 SF
Lot 0.06 ac (2,443 SF)
Zoning code R5
APN 05532-0042
UPID US63-3515430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Continental Shoes Inc. Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$845k
Owner & transaction history
6210 18th Avenue LLC · 14 yrs held
6210 18th Avenue LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
R5 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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