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Financial
Distress signals
Property profile

5714 1st Ave Brooklyn, NY 11220

OFF-MARKET
Other warehouses
Property ID
US63-2364238
90,080 SF 1.29 ac lot Built 1917
Last sale Jun 2022 · $19,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of five distinct artist studio spaces located on a private suite floor, with suites starting at approximately 347 square feet. Each space is configured with versatile layouts and features 19-foot-high ceilings, newly installed windows, and access to abundant natural light. The building is suited for creative studio use within an artist-focused environment.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$269k
Tax billed · 2024
Assessed value$3.17M
Assessed land$793k
Assessed improvement$2.38M
Effective rate8.49%

Value estimate

· Oct 2026
$19.49M
$17.54M – $21.43M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$501/SF
Submarket average, outlier-cleaned · 276 recorded sales of this use type
Observed band · Q1–Q3$306 – $773
Qualifying comparables6

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?
M2-1
This district is designed for manufacturing and related activities which can meet a medium level of performance standards with no new res...
General categoryINDUSTRIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency313.2
Law Firm192.9
Building Supply170.1

Location

5714 1st Ave Brooklyn, NY 11220
County assessor Recorded deeds · 11 transfers 6 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
139 58th, Brooklyn, NY 11220-2515 $5,800,000 Jun 2024 14,698 SF
6201 6th, Brooklyn, NY 11220 $21,400,000 May 2024 73,950 SF
241 48th, Brooklyn, NY 11220-1011 $4,100,000 Dec 2021 7,712 SF
201 46th, Brooklyn, NY 11220-1027 $23,000,000 Nov 2021 52,000 SF
132 54th, Brooklyn, NY 11220-2506 $15,250,000 Jan 2020 35,500 SF
246 52nd, Brooklyn, NY 11220-1715 $3,950,000 Jan 2020 8,500 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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