6221 18th Ave Brooklyn, NY 11204-2945
Property profile & analytics
6221 18th Ave Brooklyn, NY 11204-2945
- Retail residential properties
- 3,120 SF
- 0.05 lot acres
Property ID
US63-2068743
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.
Location Intelligence
Current Use by Public Records
- Silver Star / Restaurant
Property Details for 6221 18th Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 3,120 SF
- Zone code
- R5
- Property type
- Retail residential properties
- APN
- 05533-0002
- APU
- 55330002
Description
This exceptional 2,000 square foot commercial land parcel presents a unique investment opportunity in the vibrant Kings County neighborhood of Brooklyn, New York. Located at 6221 18th Avenue, zip code 11204, this property boasts a highly desirable location. The lot offers significant potential for various commercial ventures. With a flat, usable area of 2,000 square feet, the site is ready for immediate development. The property's zoning (not specified) should be verified independently to ensure compliance with intended use. The asking price is $65,000, representing a compelling entry point into the Brooklyn commercial real estate market. The 8-10 foot ceiling height (if applicable to future construction) provides ample space for various building designs. The address is conveniently situated on 18th Avenue, a bustling thoroughfare known for its high foot traffic and visibility. This location offers excellent accessibility and exposure for any commercial enterprise. While previously occupied by a long-standing restaurant (business details not included in this sale), this property is now available for redevelopment or repurposing. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. Further due diligence is recommended to confirm all aspects of the property and its suitability for your specific needs.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,660,000
- ML approach
- $1,630,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,740,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,734,000
Market price range: $1.25M - $1.97M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,560,000 Current use
- AUTO REPAIR, GARAGE
- $2,480,000 Change: +59% Conversion: Difficult
- RETAIL STORES
- $2,405,000 Change: +54% Conversion: Easy
- OFFICE BUILDING
- $1,715,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,565,000 Change: +0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9886
- Latitude
- 40.6203
- 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
$17,817
$36,000
$140,850
$176,850
-
$80,000
$313,000
$393,000
