Financial
Distress signals
Property profile

863 3rd Ave Brooklyn, NY 11232

OFF-MARKET
Warehouses
Property ID
US63-1631278
5,000 SF 0.11 ac lot Built 1958
Last sale Mar 2024 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,500-square-foot warehouse space presents a unique opportunity for businesses seeking a versatile location in the vibrant Brooklyn market. Situated at 863 3rd Avenue, at the corner of 32nd Street, this single-tenant property boasts a highly desirable address, offering unparalleled convenience and visibility. The building is zoned M1-2D, allowing for a variety of uses, making it ideal for retail, wholesale, showroom, or traditional warehouse operations. Its strategic location

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$26k
Tax billed · 2024
Assessed value$304k
Assessed land$65k
Assessed improvement$239k
Effective rate8.63%

Value estimate

· Sep 2026
$2.45M
$2.21M – $2.70M
AI approach$2.45M
CAP approach$1.66M
Submarket $/SF estimate$2.69M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$479/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$333 – $582
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M12D
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm74.7
Realty agency52.4
Parking Facility29.0

Location

863 3rd Ave Brooklyn, NY 11232-1508
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4717-4718 1st, Brooklyn, NY 11232 $6,475,000 Dec 2025 4,275 SF
119 42nd, Brooklyn, NY 11232-3316 $2,200,000 Apr 2023 5,004 SF
149 27th, Brooklyn, NY 11232-1624 $1,700,000 Apr 2023 3,636 SF
690-692 3rd, Brooklyn, NY 11232 $1,950,000 Jan 2023 3,750 SF
236 42nd, Brooklyn, NY 11232-2814 $990,000 Dec 2022 3,750 SF
155 25th, Brooklyn, NY 11232-1408 $3,400,000 Apr 2022 3,745 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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