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    Property profile & analytics

    64 4th Ave Brooklyn, NY 11217-1076

    • Investment properties
    • 3,000 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2022
    $2,200,000
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    4.6%
    Investment properties
    Location Intelligence
    Property ID
    US63-3674481
    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

    • Eco Nail Spa / Nail Salon
    • Air Link LLC / Charitable Organization

    Property Details for 64 4th Ave

    Year built
    1915
    Lot size
    0.03 lot acres
    Property size
    3,000 SF
    Zone code
    C44D
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00198-0042
    APU
    1980042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,385,000
      ML approach
      $2,395,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,815,000
      6.5%
      $1,675,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,973,000
      Market price range: $1.97M - $3.48M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,490,000
      Current use
      AUTO REPAIR, GARAGE
      $2,385,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $2,310,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9797
    Latitude
    40.6828
    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
    $5,794
    $11,880
    $160,080
    $171,960
    -
    $198,000
    $2,668,000
    $2,866,000

    Comparable in this City

    • Value Estimation
      $1,300,000
      3,717 SF

      250 Dean St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,717 SF
      250 Dean St, Brooklyn, NY 11217-2201
      View Details
    • Value Estimation
      $2,215,000
      4,481 SF

      97 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,481 SF
      97 5th Ave, Brooklyn, NY 11217-3201
      View Details
    • Value Estimation
      $2,880,000
      5,928 SF

      57 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,928 SF
      57 5th Ave, Brooklyn, NY 11217-2685
      View Details
    • Value Estimation
      $3,080,000
      6,316 SF

      55 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,316 SF
      55 5th Ave, Brooklyn, NY 11217-2040
      View Details
    • Value Estimation
      $2,425,000
      5,500 SF

      173 4th Ave, Unit 3

      OFFICE/RESIDENTIAL (MIXED USE) • 5,500 SF
      173 4th Ave, Brooklyn, NY 11217-3124
      View Details
    • Value Estimation
      $2,315,000
      4,676 SF

      696 Fulton St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,676 SF
      696 Fulton St, Brooklyn, NY 11217-1649
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,220 SF

      Mixed-Use Building Value-Add Potential

      Three-story mixed-use building with retail and residential units.
      191 Bond St, Brooklyn, NY 11217
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    • $3,500,000
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      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building with commercial space and residential units in Brooklyn.
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    • $3,500,000
      0.03 Acres

      Brooklyn Mixed-Use Building For Sale

      Mixed-use property in prime location with income potential.
      55 4Th Ave, Brooklyn, NY 11217
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    • $4,900,000
      4,800 SF

      Brooklyn Mixed-Use Historic Brownstone

      Rare, vacant, high-income potential mixed-use property in prime North Park Slope.
      135 5Th Ave, Brooklyn, NY 11217
      View Details
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      6,100 SF

      Gowanus Land For Sale

      Land in up-and-coming Gowanus neighborhood, near Carroll Gardens and Park Slope.
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    • $2,700,000
      0.02 Acres

      Brooklyn 8-Family Investment Opportunity

      Fully leased, renovated 8-family building in prime Prospect Heights location.
      60 6Th Ave, Brooklyn, NY 11217
      View Details

    Similar Nearby for Lease

    • New
      $3,000 /Mo

      Charming Brooklyn Live-Work Space

      Serene 1-bedroom residence with flexible layout in Boerum Hill.
      481 Atlantic Ave, Brooklyn, NY 11217
      View Details
    • Contact for pricing
      4,292 SF

      Prime Brooklyn Medical Office Space

      4,292 SF Medical Office, Fully Vacant, High Ceilings
      472 Atlantic Ave, Brooklyn, NY 11217
      View Details
    • Contact for pricing
      29,400 SF

      Prime Brooklyn Medical Office Space

      Spacious suites, ideal for medical practices.
      120 5Th Ave, Brooklyn, NY 11217
      View Details
    • $125 SF/Yr
      559 SF

      Dean Street Retail Space Available

      Brooklyn Retail Space: 559 sq ft, Immediate Occupancy
      375 Dean St, Brooklyn, NY 11217
      View Details
    • Contact for pricing
      8,500 SF

      Commercial Loft Space Available

      8,500 SF loft space suitable for office or medical use.
      190 3Rd Ave, Brooklyn, NY 11217
      View Details
    • Contact for pricing
      1,846 SF

      Prime Corner Retail Space Available

      Retail space for rent on Atlantic Avenue in Brooklyn.
      465 Pacific St, Brooklyn, NY 11217
      View Details
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    64 4th Ave
    Brooklyn, NY 11217-1076
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    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
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