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8513 18Th Ave,Unit 2, Brooklyn, NY 11214
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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
Current use
Occupant on record · Public records
-
Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Cafe & Coffee Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.35M
Owner & transaction history
since 2023
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
R5 · Brooklyn, NY
Top alternative use upside
Auto repair, garage
$1.9M
+38.6%
Retail stores
$1.8M
+34.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.35M
Value range
$2.11M – $2.58M
±10% around blend
Estimated value / SF
$995 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$2.11M
blend $2.35M
$2.58M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,356 SF
Lot area
0.03 ac
Year built
1920
Stories
2
APN
06344-0003
Zoning
R5
Assessed value
$643,950
Annual tax
$53,479
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$53,479
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.50M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 2,240 SF
0.6 mi away · 2,240 SF
0.7 mi away · 2,724 SF
0.8 mi away · 2,450 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 113 sales
$573
+74%
Submarket 3044 sales
$491
+103%
County 3044 sales
$491
+103%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $995/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+39%
vs current-use indication
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
2.10%
Selected cap rate for this investment properties
Derived from the Brooklyn market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$21k *
Last sale · Jan 2023
$2.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.01M
Move the market yield to see immediate price impact.
Value / SF
$430
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.60%2.10%2.60%
$19k
$1.20M
$912k
$736k
$21k
$1.33M
$1.01M
$818k
$23k
$1.46M
$1.11M
$900k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.80M
0.2 mi · Dec 2025 · $643/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, NYZoning R5 · permitted uses
R5 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R5
Jurisdiction
Brooklyn, NY
Recorded code
R5
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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