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Property profile & analytics
FOR SALE
Investment properties
8513 18Th Ave 2, Brooklyn, NY 11214
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2915150
For Sale
1 / 8
$49,000
8513 18Th Ave,Unit 2, Brooklyn, NY 11214
View Listing →
Property summary
AI-generated overview
This exceptional 1,000 square foot commercial property, located at 8513 18th Avenue 2 in Brooklyn, NY 11214, presents a unique investment opportunity. The property is zoned for both office and retail use, offering versatility for a wide range of businesses. Situated on a 1,243 square foot lot, the building features a spacious interior with 8-10 foot ceilings. Currently configured as a newly renovated esports lounge, the space is equipped with 24 high-performance PCs (Nvidia RTX4060, I5-14400F processors, 32GB RAM, 240Hz/180Hz monitors), along with gaming consoles including PS5 and Nintendo Switch titles. The business boasts established income streams and significant growth potential, benefiting from its location in a high-traffic area easily accessible via the D train. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a profitable venture in a vibrant Brooklyn neighborhood. The asking price is $49,000. The property consists of one unit.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Total area
2,356 SF
Lot
0.03 ac (1,245 SF)
Zoning code
R5
APN
06344-0003
UPID
US63-2915150
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shark Esport Lounge Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.32M
Owner & transaction history
Riverspring 8513 LLC · 3 yrs held
Riverspring 8513 LLC
since 2023
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
R5 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+38.6%
Retail stores
$1.8M
+34.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,345,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,870,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $2.35M (Jan 19 2023)
Last sale anchor
$2.35M
Jan 19 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$983 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$53,479
Tax year 2024
Assessed value
$643,950
Assessed 2024
Previous assessed
$590,400
+9.1% YoY
Effective rate
8.30%
On assessed value
Assessed land
$21,600
Assessed improvement
$622,350
Land market value
$48,000
Improvement market value
$1,383,000
Total market value
$1,431,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
2,356 SF
Lot
0.03 ac (1,245 SF)
Zoning code
R5
APN
06344-0003
UPID
US63-2915150
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Brooklyn, NY
Zoning R5 · permitted uses
R5 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Riverspring 8513 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
762 59TH ST STE #6, BROOKLYN, NY 11220-3920
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
$2,350,000
Riverspring 8513 LLC
E. Barney INC.
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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