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    Property profile & analytics

    6643 Sedgwick Pl Brooklyn, NY 11220

    • Commercial real estate
    • 3,437 SF
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0296947
    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

    • Commercial real estate

    Property Details for 6643 Sedgwick Pl

    Property size
    3,437 SF
    Property type
    Commercial real estate

    Description

    This exceptional 4,000 square foot lot, located at 6643 Sedgwick Place in Brooklyn, NY, 11220, presents a unique opportunity for discerning buyers. Priced at $1,099,000, this Kings County property offers the chance to build a custom two-family home. Plans have already been approved, allowing for a seamless construction process. The lot includes space for a private driveway and a two-car garage, adding significant convenience and value. The property's prime Bay Ridge location provides easy access to various amenities. Multiple bus stops are within easy reach, and the Bay Ridge Avenue train station (R line) offers convenient public transportation. The South Brooklyn Ferry provides additional commuting options. Residents will also enjoy proximity to Bay Ridge's vibrant shopping, dining, and recreational activities. This property is ideal for end-users looking to build their dream home, experienced builders seeking a profitable project, or investors looking for a strong return. The approved plans for a two-family home maximize the potential rental income, making this a compelling investment opportunity in a highly desirable Brooklyn neighborhood. Don't miss this chance to acquire this exceptional piece of land in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.028492
    Latitude
    40.639918

    Comparable in this City

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      Sunset Park Commercial Condo

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    • $1,100,000
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      Residential Land in Bay Ridge

      Vacant land approved for a two-family home in Brooklyn.
      6647 Sedgwick Pl, Brooklyn, NY 11220
      View Details
    • $1,800,000
      0.05 Acres

      Brooklyn Land For Sale

      Land for sale near 8th Ave, Brooklyn, NY.
      716 57Th St, Brooklyn, NY 11220
      View Details

    Similar Nearby for Sale

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      Prime Brooklyn Land Opportunity

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      716 57Th St, Brooklyn, NY 11220
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    • $3,200,000
      50.00 Acres

      Brooklyn Vacant Development Opportunity

      3,000 sq ft vacant lot in Sunset Park, Brooklyn.
      230 45Th St, Brooklyn, NY 11220
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    • $750,000

      Brooklyn Industrial Land: $750K

      Sunset Park, 1703 sq ft lot, M1-2D zoned.
      259 53Rd St, Brooklyn, NY 11220
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    • $1,759,000
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      Sunset Park Commercial Condo

      Prime Brooklyn location, high-income potential.
      867 53Rd St 1, Brooklyn, NY 11220
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    • $1,100,000
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      Residential Land in Bay Ridge

      Vacant land approved for a two-family home in Brooklyn.
      6647 Sedgwick Pl, Brooklyn, NY 11220
      View Details
    • $1,800,000
      0.05 Acres

      Brooklyn Land For Sale

      Land for sale near 8th Ave, Brooklyn, NY.
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      View Details

    Similar Nearby for Lease

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    Brooklyn, NY 11220
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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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