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    Property profile & analytics

    814 Manhattan Ave Brooklyn, NY 11222-7003

    • Investment properties
    • 6,000 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    $4,200,000
    Value Estimations
    $4,200,000
    Show details
    Cap Rate Potential
    5.2%
    Investment properties
    Location Intelligence
    Property ID
    US63-1799112
    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

    • Greenpoint Christmas Trees / Christmas Tree Farm / Christmas Store
    • Dime Community Bank / Bank / Loan Service
    • Dime Community Bank - ATM / Atm

    Property Details for 814 Manhattan Ave

    Year built
    1930
    Lot size
    0.04 lot acres
    Property size
    6,000 SF
    Zone code
    C43A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02574-0035
    APU
    25740035

    Description

    This exceptional retail opportunity is located at 814 Manhattan Avenue in the vibrant Brooklyn neighborhood, Kings County, New York, zip code 11222. The property offers a total of 2,700 square feet of commercial space, currently entirely vacant and available for lease. The space is adaptable to multiple tenants, with a minimum divisible unit size of 700 square feet and a maximum contiguous space of 2,000 square feet. This allows for flexibility in tenant configuration, catering to a variety of business needs and sizes. The property's location on Manhattan Avenue provides excellent street visibility and accessibility, benefiting from high foot traffic and a strong local customer base. The address is easily accessible via various transportation options, making it convenient for both employees and customers. This is an ideal location for businesses seeking high visibility and a thriving commercial environment in a rapidly developing area of Brooklyn. The property is classified as retail commercial space and presents a unique chance to establish or expand a business in a prime location. Serious inquiries are encouraged to explore this exciting opportunity further. The property is situated at 40.728282 latitude and -73.95319 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,200,000
      ML approach
      $4,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,630,000
      6.5%
      $3,350,000
      7%
      $3,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,197,000
      Market price range: $3.33M - $5.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,020,000
      Current use
      AUTO REPAIR, GARAGE
      $4,765,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $4,620,000
      Change: +15% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,405,000
      Change: -15% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,315,000
      Change: -17% Conversion: Difficult
      OFFICE BUILDING
      $3,305,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9531
    Latitude
    40.7283
    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
    $45,119
    $13,950
    $1,356,300
    $1,370,250
    -
    $31,000
    $3,014,000
    $3,045,000

    Comparable in this City

    • Value Estimation
      $2,630,000
      6,325 SF

      688 Manhattan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,325 SF
      688 Manhattan Ave, Brooklyn, NY 11222-3071
      View Details
    • Value Estimation
      $3,270,000
      7,909 SF

      645 Manhattan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,909 SF
      645 Manhattan Ave, Brooklyn, NY 11222-3192
      View Details
    • Value Estimation
      $3,555,000
      8,675 SF

      854 Manhattan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,675 SF
      854 Manhattan Ave, Brooklyn, NY 11222-7068
      View Details
    • Value Estimation
      $5,905,000
      18,000 SF

      717-719 Manhattan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 18,000 SF
      717-719 Manhattan Ave, Brooklyn, NY 11222
      View Details
    • Value Estimation
      $2,760,000
      6,700 SF

      233 Calyer St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,700 SF
      233 Calyer St, Brooklyn, NY 11222-2072
      View Details
    • Value Estimation
      $4,750,000
      11,731 SF

      119 Nassau Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,731 SF
      119 Nassau Ave, Brooklyn, NY 11222-4281
      View Details

    Similar Nearby for Sale

    • New
      $3,995,000
      6,500 SF

      Greenpoint Waterfront Vacant Mixed-Use Building

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      Brooklyn Mixed-Use Income Property

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      Greenpoint Mixed-Use Investment Opportunity

      Income-producing mixed-use property in prime Greenpoint location.
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      Greenpoint Multifamily Investment Opportunity

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      Greenpoint Mixed-Use Investment Opportunity

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    Similar Nearby for Lease

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      Greenpoint Avenue Parking Lot

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      NY, Brooklyn - Manhattan Ave

      Workspaces, services and support to help you work better in NY, Brooklyn - Manhattan Ave
      750 Manhattan Ave, New York, NY 11222
      View Details
    • Contact for pricing

      Versatile Brooklyn Space for Rent

      Bright, massive space suitable for retail, office, or industrial use.
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      Gated parking lot in Greenpoint, Brooklyn, accommodates over 20 vehicles.
      215 Greenpoint Ave, Brooklyn, NY 11222
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      2,300 SF

      Manhattan Avenue Retail Space Available

      Retail space on Manhattan Avenue with unique storefront and backyard.
      654 Manhattan Ave, Brooklyn, NY 11222
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      Prime Retail Space in Brooklyn

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    814 Manhattan Ave
    Brooklyn, NY 11222-7003
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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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