Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8513 18Th Ave Brooklyn, NY 11214

    • Investment properties
    • 2,356 SF
    • 0.03 lot acres
    For Sale
    View listing
    $49,000
    Last Sale
    Jan 19, 2023
    $2,350,000
    Value Estimations
    Cap Rate Potential
    2.1%
    Investment properties
    Location Intelligence
    Property ID
    US63-2915150
    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

    • Shark Esport Lounge / Arcade & Gaming Center / (Bike/Boat/Book/etc) Store
    • Dunkin' / Cafe & Coffee Shop

    Property Details for 8513 18Th Ave

    Year built
    1920
    Lot size
    0.03 lot acres
    Property size
    2,356 SF
    Zone code
    R5
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    06344-0003
    APU
    63440003

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,345,000
      ML approach
      $2,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,878,000
      Market price range: $871k - $1.88M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,870,000
      RETAIL STORES
      $1,815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0021
    Latitude
    40.6074
    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
    $53,479
    $21,600
    $622,350
    $643,950
    -
    $48,000
    $1,383,000
    $1,431,000

    Comparable in this City

    • Value Estimation
      $2,950,000
      2,380 SF

      2004 86th St

      STORE/OFFICE (MIXED USE) • 2,380 SF
      2004 86th St, Brooklyn, NY 11214-3204
      View Details
    • Value Estimation
      $610,000
      2,850 SF

      2052 86th St

      STORE/OFFICE (MIXED USE) • 2,850 SF
      2052 86th St, Brooklyn, NY 11214
      View Details
    • Value Estimation by Request
      2,090 SF

      2178 86th St

      STORE/OFFICE (MIXED USE) • 2,090 SF
      2178 86th St, Brooklyn, NY 11214-3213
      View Details
    • Value Estimation
      $620,000
      2,870 SF

      1944 86th St

      STORE/OFFICE (MIXED USE) • 2,870 SF
      1944 86th St, Brooklyn, NY 11214-3135
      View Details
    • Value Estimation
      $805,000
      4,025 SF

      2314 86th St

      STORE/OFFICE (MIXED USE) • 4,025 SF
      2314 86th St, Brooklyn, NY 11214-4310
      View Details
    • Value Estimation
      $560,000
      2,660 SF

      8517 18th Ave

      STORE/OFFICE (MIXED USE) • 2,660 SF
      8517 18th Ave, Brooklyn, NY 11214-2912
      View Details

    Similar Nearby for Sale

    • $1,425,000

      Bensonhurst Mixed-Use Investment Opportunity

      Mixed-use building with retail space and two apartments in Brooklyn.
      7708 New Utrecht Ave, Brooklyn, NY 11214
      View Details
    • $3,380,000
      7,733 SF

      8807 17TH AVENUE

      Mixed-use properties • 7,733 SF
      8807 17Th Ave, Brooklyn, NY 11214
      View Details
    • $3,695,000
      7,776 SF

      Brooklyn Mixed-Use Corner Property

      Mixed-use property with residential and retail units in Brooklyn.
      7502 18Th Ave, Brooklyn, NY 11214
      View Details
    • New
      $1,288,888
      2,448 SF

      Brooklyn Mixed-Use Building For Sale

      Mixed-use building in Brooklyn with storefront and apartment.
      1651 Bath Ave, Brooklyn, NY 11214
      View Details
    • $2,198,000
      2,640 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Bensonhurst with residential and commercial units.
      7812 New Utrecht Ave, Brooklyn, NY 11214
      View Details
    • $1,990,000

      Bath Beach Mixed-Use Building

      Cash-producing 5-family building with commercial unit in Bath Beach.
      2343 Bath Ave, Brooklyn, NY 11214
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      2,000 SF

      Versatile Community Facility in Brooklyn

      2,000 sq ft community facility suitable for various uses.
      176 28Th Ave, Brooklyn, NY 11214
      View Details
    • $38 SF/Yr
      20,000 SF

      Prime Brooklyn Office Space

      Modern 20,000 sq ft office, 23 parking spaces.
      1940 Shore Pkwy, Brooklyn, NY 11214
      View Details
    • $40 SF/Yr
      5,450 SF

      Bensonhurst Class A Office Space

      Modern Office Suites, 2,650-5,450 SF
      8746 20Th Ave, Brooklyn, NY 11214
      View Details
    • $5,700 /Mo
      750 SF

      Retail Space in Shopping Plaza

      Retail space for lease in a shopping plaza.
      2002 Cropsey Ave, Brooklyn, NY 11214
      View Details
    • $5,000 /Mo

      Spacious Gravesend Two-Story Home

      Large duplex with modern updates in Gravesend, Brooklyn.
      226 Avenue Z, Brooklyn, NY 11214
      View Details
    • New
      $39,000
      14,500 SF

      Prime Bensonhurst Commercial Space Available

      Massive commercial space in high-traffic area with flexible layout.
      1857 86Th St, Brooklyn, NY 11214
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8513 18Th Ave
    Brooklyn, NY 11214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!