Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8701 4th Ave, Unit 8717 Brooklyn, NY 11209-5109
    Back to Search
    Property profile & analytics

    8701 4th Ave, Unit 8717 Brooklyn, NY 11209-5109

    View on Map
    • Retail residential properties
    • 36,500 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US63-2056552
    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.
    Value Estimations
    $12,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harbor Fitness Go! Bay Ridge / Gym & Fitness Center
    • DII Deals & Discounts / Clothing Store / Christmas Store

    Property Details for 8701 4th Ave

    Year built
    1926
    Lot size
    0.25 lot acres
    Property size
    36,500 SF
    Zone code
    C42A
    Property type
    Retail residential properties
    APN
    06050-0007
    APU
    60500007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $17,535,000
      Current use
      WAREHOUSE, STORAGE
      $18,295,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0285
    Latitude
    40.6216
    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
    $340,377
    $499,500
    $3,932,550
    $4,432,050
    -
    $1,110,000
    $8,739,000
    $9,849,000

    Comparable in this City

    • Value Estimation
      $10,655,000
      32,500 SF

      8613 5th Ave

      STORES & APARTMENTS • 32,500 SF
      8613 5th Ave, Brooklyn, NY 11209
      View Details
    • Value Estimation
      $13,445,000
      40,927 SF

      7118 3rd Ave, Unit 7124

      STORES & APARTMENTS • 40,927 SF
      7118 3rd Ave, Brooklyn, NY 11209-1385
      View Details
    • Value Estimation
      $6,610,000
      20,000 SF

      441 87th St, Unit 447

      STORE/OFFICE (MIXED USE) • 20,000 SF
      441 87th St, Brooklyn, NY 11209-5205
      View Details
    • Value Estimation
      $14,480,000
      48,222 SF

      301 81st St

      STORES & APARTMENTS • 48,222 SF
      301 81st St, Brooklyn, NY 11209-3848
      View Details
    • Value Estimation
      $2,755,000
      3,010 SF

      455 86th St

      STORES & APARTMENTS • 3,010 SF
      455 86th St, Brooklyn, NY 11209-4707
      View Details
    • Value Estimation
      $1,600,000
      2,970 SF

      7518 3rd Ave

      STORE/OFFICE (MIXED USE) • 2,970 SF
      7518 3rd Ave, Brooklyn, NY 11209-3104
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building in Bay Ridge

      Mixed-use building with five apartments and one store for sale.
      8707 5Th Ave, Brooklyn, NY 11209
      View Details
    • $2,650,000

      Bay Ridge Mixed-Use Building

      Mixed-use building with retail and residential units in Bay Ridge.
      9224 3Rd Ave, Brooklyn, NY 11209
      View Details
    • $2,489,000

      Bay Ridge Mixed-Use Investment Property

      Three-story mixed-use building with commercial storefront and residential units.
      9112 3Rd Ave, Brooklyn, NY 11209
      View Details
    • New
      $4,399,999
      10,700 SF

      Mixed-Use Building in Bay Ridge

      Mixed-use building with 12 apartments and retail space.
      7823 5Th Ave, Brooklyn, NY 11209
      View Details
    • New
      $3,899,000

      Two Mixed-Use Buildings Package Deal

      Two mixed-use buildings with 14 apartments and 2 commercial spaces.
      7127-7129 5Th Ave, Brooklyn, NY 11209
      View Details
    • $3,500,000
      8,502 SF

      Bay Ridge Multi-Unit Investment Opportunity

      Mixed-use property with residential and commercial units in prime location.
      8325 5 Ave Bay, Ridge, NY 11209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space for rent in move-in condition.
      7302 6Th Ave, Brooklyn, NY 11209
      View Details
    • Contact for pricing
      1,400 SF

      Professional Office Suite For Rent

      First floor office suite with hardwood floors and exposed brick.
      7103 3Rd Ave, Brooklyn, NY 11209
      View Details
    • $3,200 /Mo

      Renovated 4-Bedroom Apartment For Rent

      Newly renovated 4-bedroom apartment with outdoor space, convenient location.
      643 72Nd St, Brooklyn, NY 11209
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space in Brooklyn Available

      3,700 SF retail space available for rent in Brooklyn.
      502 86Th St, Brooklyn, NY 11209
      View Details
    • Contact for pricing
      1,200 SF

      Renovated Brooklyn Residence For Rent

      Newly renovated 3-bedroom rental in desirable Bay Ridge, Brooklyn.
      609 Ovington Ave, Brooklyn, NY 11209
      View Details
    • $2,000 /Mo

      Private Office in Professional Building

      627 SF office space with included parking and amenities.
      9920 4Th Ave, Brooklyn, NY 11209
      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.
    8701 4th Ave, Unit 8717
    Brooklyn, NY 11209-5109
    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

    Thank You for Inquiry
    8701 4th Ave, Brooklyn, NY, 11209
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!