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    7110 13Th Ave Brooklyn, NY 11228
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    7110 13Th Ave Brooklyn, NY 11228

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    • Investment properties
    • 2,650 SF
    • 0.05 lot acres
    For Lease
    $46 SF/Yr
    View Listing →
    Brooklyn Retail/Office Space Available For Lease
    $46 SF/Yr
    1,100 SF

    Brooklyn Retail/Office Space Available

    Prime Dyker Heights location suitable for retail or office use.

    7110 13th Avenue, Brooklyn, NY 11228
    View Listing
    Property ID
    US63-0789306
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ezzat Insurance / Insurance Agency
    • Brooklyn Car Rental / Car Rental Facility
    • UNO A Brokerage / Insurance Agency

    Property Details for 7110 13Th Ave

    Year built
    1931
    Lot size
    0.05 lot acres
    Property size
    2,650 SF
    Zone code
    R6B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06177-0042
    APU
    61770042

    Description

    This exceptional 1,100 square foot commercial property, located at 7110 13th Avenue in the vibrant Dyker Heights neighborhood of Brooklyn, New York, presents a unique opportunity for a single-tenant business. Situated on a 2,000 square foot lot, this two-story building offers versatile space ideal for a variety of uses, including retail, office, or educational settings such as an after-school program or tutoring center. The building features an 8-10 foot ceiling height, providing ample space and a comfortable atmosphere. The property is conveniently located in Kings County (Brooklyn), New York, with the zip code 11228. Utilities are included, with heat and water covered in the rental cost. This single-suite building offers a fantastic opportunity to establish a thriving business in a bustling and desirable area, surrounded by a mix of residential and commercial properties. The property's location within Dyker Heights ensures high visibility and accessibility for customers and clients. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Brooklyn neighborhood. Don't miss out on this chance to establish your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $968,000
      Market price range: $969k - $1.54M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,205,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0056
    Latitude
    40.6225
    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
    $9,031
    $16,080
    $62,520
    $78,600
    -
    $268,000
    $1,042,000
    $1,310,000

    Comparable in this City

    • Value Estimation
      $965,000
      3,360 SF

      6911 Ft Hamilton Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,360 SF
      6911 Ft Hamilton Pkwy, Brooklyn, NY 11228-1101
      View Details
    • Value Estimation
      $950,000
      3,300 SF

      7712 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      7712 13th Ave, Brooklyn, NY 11228-2439
      View Details
    • Value Estimation
      $580,000
      1,920 SF

      7415 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,920 SF
      7415 13th Ave, Brooklyn, NY 11228-2020
      View Details
    • Value Estimation
      $860,000
      3,000 SF

      7513 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      7513 13th Ave, Brooklyn, NY 11228-2438
      View Details
    • Value Estimation
      $860,000
      3,000 SF

      7205 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      7205 13th Ave, Brooklyn, NY 11228-2052
      View Details
    • Value Estimation
      $940,000
      3,300 SF

      7217 13th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      7217 13th Ave, Brooklyn, NY 11228-2038
      View Details

    Similar Nearby for Sale

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      Renovated Mixed-Use Building, Dyker Heights

      Fully renovated, leased mixed-use building in Dyker Heights, tax protected.
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      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building with commercial and residential income in prime location.
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      Mixed-Use Building in Dyker Heights

      Three-family plus store building on busy 13th Avenue.
      7803 13Th Ave, Brooklyn, NY 11228
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on 13th Avenue

      Retail space for rent with high ceilings and frontage.
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      2,000 SF

      Turnkey Restaurant in Dyker Heights

      Restaurant space with full basement and excellent neighborhood amenities.
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      Renovated Office Space in Brooklyn

      Newly renovated 380 sq ft office space for rent.
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    • Contact for pricing

      Brooklyn Retail/Office Space Available

      Prime Dyker Heights location suitable for retail or office use.
      7110 13Th Ave, Brooklyn, NY 11228
      View Details
    View Listing
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    Brooklyn, NY 11228
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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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