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    Property profile & analytics

    8616 21st Ave, Unit 1B Brooklyn, NY 11214-4060

    • Retail space
    • 3,261 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Location Intelligence
    Property ID
    US63-4156575
    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

    • Flushing Bank / Bank / Savings Bank
    • My Sunshine Kids - 86 Street / Day Care Center / Preschool
    • Happy Home Social Daycare / Child Care Agency
    • Day care / School

    Property Details for 8616 21st Ave

    Year built
    2015
    Lot size
    0.31 lot acres
    Property size
    3,261 SF
    Zone code
    C4-2
    Property type
    Retail space
    APN
    06377-1127
    APU
    63771127

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $595,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $535,000
      Mixed-Use
      $675,000
      Hospitality
      $545,000
      Educational
      $610,000
      Residential Income
      $510,000
      Energy
      $520,000
      Income-Based Land
      $600,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9967
    Latitude
    40.603
    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
    $38,832
    $50,293
    $342,698
    $392,991
    -
    $111,762
    $761,552
    $873,314

    Comparable in this City

    • Value Estimation by Request
      13,460 SF

      2007-2011 86th St

      RETAIL STORES (PERSONAL SERVICES) • 13,460 SF
      2007-2011 86th St, Brooklyn, NY 11214
      View Details
    • Value Estimation by Request
      1,100 SF

      2443 Bath Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      2443 Bath Ave, Brooklyn, NY 11214
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    • Value Estimation by Request
      1,000 SF

      3 Bay 53rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      3 Bay 53rd St, Brooklyn, NY 11214
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    • Value Estimation by Request
      1,540 SF

      7903 New Utrecht Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      7903 New Utrecht Ave, Brooklyn, NY 11214
      View Details
    • Value Estimation by Request
      26,773 SF

      8121 New Utrecht Ave

      RETAIL STORES (PERSONAL SERVICES) • 26,773 SF
      8121 New Utrecht Ave, Brooklyn, NY 11214-2127
      View Details
    • Value Estimation
      $440,000
      3,316 SF

      8662 18th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,316 SF
      8662 18th Ave, Brooklyn, NY 11214
      View Details

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    • Contact for pricing
      28,000 SF

      Prime Brooklyn Retail Space

      28,000 SF Retail, Multiple Units Available
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      View Details
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    Brooklyn, NY 11214-4060
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    Realmo Value Estimation

    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.

    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.

    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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