Property profile & analytics
6217 20th Ave Brooklyn, NY 11204-3024
This commercial space is located in Bensonhurst, within a retail district characterized by high foot traffic. The property offers visibility and exposure, making it suitable for various businesses. The space measures 1,000 square feet and is designed for retail businesses, including fashion boutiques, specialty stores, cafes, art galleries, and electronics shops. It includes access to a backyard and basement for additional storage. The lot size is approximately 0.046 acres. The tenant is typically responsible for electricity and gas. The zoning is R5.
- Office space
- 4,000 SF
- 0.04 lot acres
OFF-MARKET
Last Sale
Aug 03, 2023
Aug 03, 2023
$1,605,350
Value Estimations
$1,670,000
Show details
Cap Rate Potential
8.3%
Office space
Location Intelligence
Property ID
US63-1748881
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
- Office space
Property Details for 6217 20th Ave
- Year built
- 1920
- Lot size
- 0.04 lot acres
- Property size
- 4,000 SF
- Zone code
- R5
- Property type
- Office space
- APN
- 05535-0003
- APU
- 55350003
Property Overview
This commercial space is located in Bensonhurst, within a retail district characterized by high foot traffic. The property offers visibility and exposure, making it suitable for various businesses. The space measures 1,000 square feet and is designed for retail businesses, including fashion boutiques, specialty stores, cafes, art galleries, and electronics shops. It includes access to a backyard and basement for additional storage. The lot size is approximately 0.046 acres. The tenant is typically responsible for electricity and gas. The zoning is R5.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,755,000
- ML approach
- $1,785,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,420,000
- 6.5%
- $2,235,000
- 7%
- $2,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,600,000
Market price range: $1.60M - $2.53M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,000,000 Current use
- OFFICE BUILDING
- $2,200,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,005,000 Change: +0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9842
- Latitude
- 40.6177
- 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
$8,608
$15,300
$102,600
$117,900
-
$255,000
$1,710,000
$1,965,000
