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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9823 4th Ave Brooklyn, NY 11209-8103

    • Office buildings
    • 2,812 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2388386
    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

    • Dr. John P. Marino / Internist / Pulmonologist
    • Elizabeth Sedlis Singer / Internist / Practitioner Service Location
    • JOHN P. MARINO, MD / Pulmonologist
    • Soued Steven MD / Internist

    Property Details for 9823 4th Ave

    Year built
    1901
    Lot size
    0.06 lot acres
    Property size
    2,812 SF
    Zone code
    R6A
    Property type
    Office buildings
    APN
    06131-0020
    APU
    61310020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $317,000
      Market price range: $129k - $396k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0328
    Latitude
    40.6134
    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
    $38,179
    $101,250
    $259,200
    $360,450
    -
    $225,000
    $576,000
    $801,000

    Comparable in this City

    • Value Estimation
      $26,615,000
      24,000 SF

      7601 4th Ave

      PROFESSIONAL BUILDING • 24,000 SF
      7601 4th Ave, Brooklyn, NY 11209-3269
      View Details
    • Value Estimation
      $495,000
      10,650 SF

      9711-9713 3rd Ave

      PROFESSIONAL BUILDING • 10,650 SF
      9711-9713 3rd Ave, Brooklyn, NY 11209
      View Details
    • Value Estimation
      $470,000
      5,000 SF

      7510 4th Ave

      PROFESSIONAL BUILDING • 5,000 SF
      7510 4th Ave, Brooklyn, NY 11209-3244
      View Details
    • Value Estimation
      $520,000
      9,000 SF

      10031-1003 4th Ave

      PROFESSIONAL BUILDING • 9,000 SF
      10031-1003 4th Ave, Brooklyn, NY 11209
      View Details
    • Value Estimation
      $455,000
      8,325 SF

      9101 4th Ave

      OFFICE BUILDING (MULTI-STORY) • 8,325 SF
      9101 4th Ave, Brooklyn, NY 11209-6368
      View Details
    • Value Estimation
      $755,000
      45,000 SF

      9920-9924 4th Ave

      OFFICE BUILDING (MULTI-STORY) • 45,000 SF
      9920-9924 4th Ave, Brooklyn, NY 11209
      View Details

    Similar Nearby for Sale

    • $15,500,000
      45,000 SF

      Narrows Professional Building For Sale

      Bay Ridge Brooklyn Office Building, 33 Units
      9920 4Th Ave, Brooklyn, NY 11209
      View Details
    • $1,888,000
      5,001 SF

      Bay Ridge Mixed-Use Detached Building

      Detached mixed-use property with medical office, duplex, and finished basement.
      237 Bay Ridge Pkwy, Brooklyn, NY 11209
      View Details
    • $1,999,000
      5,200 SF

      Bay Ridge Mixed-Use Brick Home

      Two-family brick home with professional office and two-car garage.
      8301 4Th Ave, Brooklyn, NY 11209
      View Details
    • $2,500,000
      8,100 SF

      Bay Ridge Commercial Property

      Restaurant & Office Space, High Traffic Area
      343 78Th St, Brooklyn, NY 11209
      View Details
    • $880,000
      2,100 SF

      Brooklyn Community Center For Sale

      New construction community center in Bay Ridge with tax abatement.
      7910 4Th Ave, Brooklyn, NY 11209
      View Details
    • $6,990,000
      21,294 SF

      Bay Ridge Community Facility For Sale

      Three-story Brooklyn building suitable for medical, office, or community use.
      8710 5Th Ave, Brooklyn, NY 11209
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      5,000 SF

      Newly Built Class A Office

      Class A office building in Bay Ridge, Brooklyn for lease.
      429-435 88Th St, Brooklyn, NY 11209
      View Details
    • $3,700 /Mo
      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
    • $2,000 /Mo
      627 SF

      Brooklyn Office with Parking Included

      Private office space available with included indoor parking.
      9920 4Th Ave, Brooklyn, NY 11209
      View Details
    • $31 SF/Yr
      2,800 SF

      Bay Ridge Office Space - 2800 sqft

      Prime Bay Ridge office, elevator building, flexible layout.
      9101 4Th Ave, Brooklyn, NY 11209
      View Details
    • Contact for pricing
      2,000 SF

      New Medical/Office Space Available

      Brand new medical/office building across from NYC Health + Hospitals.
      41 77Th St, Brooklyn, NY 11209
      View Details
    • $13,000 /Mo
      4,250 SF

      Furnished Corner Office in Brooklyn

      Move-in ready, furnished 4,250 SF office space in Brooklyn.
      9920 4Th Ave, Brooklyn, NY 11209
      View Details
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    9823 4th Ave
    Brooklyn, NY 11209-8103
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    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
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