Property profile

8234 18Th Ave Brooklyn, NY 11214

FOR SALE
Retail residential properties
Property ID
US63-2768550
3,466 SF 0.05 ac lot Built 1919
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 8234 18th Avenue in Brooklyn, New York, presents a unique investment opportunity. Boasting a highly visible corner location in the vibrant Bensonhurst neighborhood, this two-story brick building offers 3,466 square feet of versatile space, ideal for a multitude of uses. The property sits on a 2,200 square foot lot and features 11-15 foot ceilings, providing ample room for various business ventures. The building's previous use as auto shops highlights its robust construction and adaptability. Currently zoned M1-1, the property is well-suited for a wide range of commercial applications, including retail, office, restaurant, or medical uses. The building includes three garages, adding to its functional appeal. Its prime location near the D train and the shopping and transportation hub of 86th Street and 18th Avenue ensures high visibility and accessibility. The asking price is $2,850,000. This is a rare opportunity to acquire a well-situated, multi-use commercial building in a thriving Brooklyn neighborhood. The property consists of two units, offering flexibility for various business models or potential for expansion. Don't miss this chance to own a piece of Bensonhurst's bustling commercial landscape.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1919
Total area 3,466 SF
Lot 0.05 ac (2,200 SF)
Zoning code M1-1
APN 06314-0077
UPID US63-2768550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Car Wash
  • Car Wash

Location

8234 18Th Ave Brooklyn, NY 11214
Brooklyn metro Census 27600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.13M
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
2015
Price N/A

Zoning & alternative use

M1-1 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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