Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    70 Conklin Ave Brooklyn, NY 11236

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4630299
    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 70 Conklin Ave

    Property type
    Commercial real estate

    Description

    This attractive mixed-use property at 70 Conklin Avenue in Brooklyn, NY, presents a compelling investment opportunity. Priced at $939,000, this semi-detached two-family home offers significant potential. The property boasts a substantial 150-foot deep yard and a fully detached two-car garage, providing ample outdoor space and parking. The first-floor unit is a well-maintained two-bedroom apartment. The second-floor unit, a two- or three-bedroom apartment, requires some repairs, presenting an opportunity for renovation and increased rental income. The unfinished basement features high ceilings and two separate entrances, offering versatile space for a family room, storage, or laundry area. Conveniently located in Canarsie, near the L train at Rockaway Parkway, this property is ideal for a handyman or construction professional seeking a project with high return potential. The property's size is not currently specified. The address is 70 Conklin Avenue, Brooklyn, NY 11236.

    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
    36047
    State
    New York
    Longitude
    -73.9045697
    Latitude
    40.6420555

    Comparable in this City

    • $999,995

      Mixed-Use Property Near Canarsie Park

      Multi-unit property with residential and commercial spaces near Canarsie Park.
      2 Paerdegat 15Th St, Brooklyn, NY 11236
      View Details
    • $515,000
      950 SF

      Brooklyn Mixed-Use Corner Building

      Mixed-use building in Canarsie, currently office space, convertible to apartment.
      9301 Avenue L, Brooklyn, NY 11236
      View Details
    • Contact for pricing

      Canarsie 3-Family & Store Investment

      Newly renovated, high-traffic location, great potential.
      9623 Avenue M, Brooklyn, NY 11236
      View Details
    • $1,200,000
      0.05 Acres

      Prime Brooklyn Mixed-Use Property

      Spacious 7-Bedroom, Two-Family Home in Old Mill Basin
      948 86Th St, Brooklyn, NY 11236
      View Details
    • $2,800,000
      7,809 SF

      Mixed-Use Building in Canarsie

      Detached mixed-use building with income potential in high-traffic location.
      1314 Rockaway Pkwy, Brooklyn, NY 11236
      View Details
    • New
      $1,360,000
      3,600 SF

      Versatile Commercial Property in Brooklyn

      3600 sq ft commercial property in the heart of Canarsie.
      8801 Flatlands Ave, Brooklyn, NY 11236
      View Details

    Similar Nearby for Sale

    • $515,000
      950 SF

      Brooklyn Mixed-Use Corner Building

      Mixed-use building in Canarsie, currently office space, convertible to apartment.
      9301 Avenue L, Brooklyn, NY 11236
      View Details
    • $999,995

      Mixed-Use Property Near Canarsie Park

      Multi-unit property with residential and commercial spaces near Canarsie Park.
      2 Paerdegat 15Th St, Brooklyn, NY 11236
      View Details
    • $929,000

      Mixed-Use Building in High-Traffic Area

      Mixed-use building with apartments and retail in prime Brooklyn location.
      9208 Avenue L, Brooklyn, NY 11236
      View Details
    • $1,200,000
      2,400 SF

      Brooklyn Mixed-Use Building For Sale

      Two-family plus storefront in Canarsie, Brooklyn. Well-maintained, low taxes.
      1008 East 92Nd St, Brooklyn, NY 11236
      View Details
    • $1,800,000

      Canarsie Mixed-Use Building For Sale

      Detached brick building with storefront and three residential units.
      9623 Ave M Ave, Brooklyn, NY 11236
      View Details
    • $850,000
      0.06 Acres

      Brooklyn Mixed-Use Property For Sale

      Mixed-use property with residential and commercial space in Brooklyn.
      9522 Flatlands Ave, Brooklyn, NY 11236
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      1,000 SF

      Brooklyn Retail Space Available

      Retail space available for lease in Brooklyn, New York.
      1549-1645 Ralph Ave, Brooklyn, NY 11236
      View Details
    • $22 SF/Yr
      4,000 SF

      Brooklyn Warehouse Space Available

      4,000 SF warehouse space for rent in Brooklyn.
      785 E 92Nd St, Brooklyn, NY 11236
      View Details
    • $1,700 /Mo
      600 SF

      Renovated Office Space in Brooklyn

      Recently renovated 600 SF office space in Canarsie, Brooklyn.
      9325 Ditmas Ave, Brooklyn, NY 11236
      View Details
    • Contact for pricing
      83,000 SF

      Brooklyn Warehouse Space Available

      83,000 SF warehouse space for rent in Brooklyn.
      10300 Foster Ave, Brooklyn, NY 11236
      View Details
    • Contact for pricing
      4,000 SF

      Brooklyn Warehouse Space Available

      4,000 SF warehouse space for rent in Brooklyn.
      902 E 92Nd St, Brooklyn, NY 11236
      View Details
    • Contact for pricing
      1,000 SF

      Brooklyn Office Space Available

      Office space available for rent in Brooklyn, NY.
      1547-1563 Ralph Ave, Brooklyn, NY 11236
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70 Conklin Ave
    Brooklyn, NY 11236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.