8681 18Th Ave Brooklyn, NY 11214
Property Lookup
Property profile & analytics
8681 18Th Ave Brooklyn, NY 11214
- Retail residential properties
- 11,600 SF
- 0.14 lot acres
Property ID
US63-0232539
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.
Location Intelligence
Current Use by Public Records
- The Little Gym of Bay Ridge-Bensonhurst / Training Center
- Love and Joy Senior Day Care, Inc / Adult Day Care
Property Details for 8681 18Th Ave
- Year built
- 1924
- Lot size
- 0.14 lot acres
- Property size
- 11,600 SF
- Zone code
- C8-1
- Property type
- Retail residential properties
- APN
- 06369-0013
- APU
- 63690013
Description
This exceptional two-story mixed-use commercial building, located at 8681 18th Ave in Brooklyn, Kings County, New York (zip code 11214), presents a compelling investment opportunity. Boasting 11,600 square feet, the property is offered at $6,900,000, translating to a price per square foot of $594.83. The building benefits from a C8-1 zoning designation. Currently, two commercial tenants occupy the space, generating consistent income. A significant advantage is the presence of a tax abatement, providing substantial financial relief that extends until 2027. The property's location in a high-traffic area ensures excellent visibility and accessibility for businesses. This makes it an ideal investment for those seeking a stable, income-producing asset in a thriving Brooklyn neighborhood. The building's size and zoning offer flexibility for future development or expansion, catering to a variety of commercial uses. This is a rare opportunity to acquire a well-situated, income-generating property with significant long-term potential. The coordinates are 40.6055437 latitude and -74.0039841 longitude.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,050,000
- ML approach
- $6,080,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,105,000
- 6.5%
- $3,790,000
- 7%
- $3,520,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,650,000 Current use
- AUTO REPAIR, GARAGE
- $9,215,000 Change: +39% Conversion: Difficult
- RETAIL STORES
- $8,935,000 Change: +34% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $6,585,000 Change: -1% Conversion: Moderate
- OFFICE BUILDING
- $6,385,000 Change: -4% Conversion: Easy
- WAREHOUSE, STORAGE
- $5,815,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.004
- Latitude
- 40.6056
- 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
$6,530
$61,650
$676,350
$738,000
-
$137,000
$1,503,000
$1,640,000
