Financial
Distress signals
Property profile

972 Manhattan Ave Brooklyn, NY 11222

OFF-MARKET
Retail residential properties
Property ID
US63-3034044
22,000 SF 0.11 ac lot Built 1931
Last sale Mar 2022 · $9,600,000
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 is a five-story mixed-use walkup building containing 29 residential and retail units within approximately 22,000 square feet, including 24 apartments and 5 retail storefronts. The building has completed substantial rehabilitation, with 20 apartments (83% of the residential inventory) configured with enhanced bedroom layouts and in-unit washer/dryer installations and finished with upgraded finishes; the remaining rent-stabilized apartments were designated for conversion to fair

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$155k
Tax billed · 2024
Assessed value$1.49M
Assessed land$40k
Assessed improvement$1.45M
Effective rate10.39%

Value estimate

· Sep 2026
$11.37M
$10.23M – $12.50M
AI approach$11.14M
CAP approach$12.29M
Sales comparison$12.21M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$670/SF
ZIP average, outlier-cleaned · 98 recorded sales of this use type
Observed band · Q1–Q3$555 – $866
Qualifying comparables8

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?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home10.2
Watch Repair Shop9.7
Assisted Living Facility9.0

Location

972 Manhattan Ave Brooklyn, NY 11222
County assessor Recorded deeds · 4 transfers 8 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
977 Manhattan, Brooklyn, NY 11222-6842 $6,650,000 Dec 2025 16,236 SF
1017 Manhattan, Brooklyn, NY 11222-1313 $4,435,000 Nov 2025 19,750 SF
415 Manhattan, Brooklyn, NY 11222-7716 $3,350,000 Dec 2024 8,138 SF
144 Greenpoint, Brooklyn, NY 11222-2202 $8,925,000 Oct 2024 14,400 SF
182-186 Eagle, Brooklyn, NY 11222 $10,000,000 Oct 2023 22,455 SF
171 Calyer, Brooklyn, NY 11222-7978 $12,393,000 Jun 2022 52,868 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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