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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Hotels
1 Hoyt St, Brooklyn, NY 11201-7265
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-3849238
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1925
Total area
70,734 SF
Lot
0.2 ac (8,837 SF)
Zoning code
C5-4
APN
00157-0009
UPID
US63-3849238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Audra K. Smith, MA Counselor
-
Jamilla Phillip Foster Care Service Social Service Agency
-
Meliane L. Cabo, LMSW Foster Care Service Social Service Agency
-
Rabbi Stacy - Officiant for Weddings, Bar/Bat Mitzvah, Baby Namings, Bris, Funerals Charitable Organization Volunteer Organization
-
CCM Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$6.59M
Owner & transaction history
Next Generation Fulton LLC · 12 yrs held
Next Generation Fulton LLC
since 2013
5 recorded transactions
Zoning & alternative use
C5-4 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.3M
+108.6%
Commercial (general)
$6.3M
+107.2%
Warehouse, storage
$4.2M
+39.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,330,000
Change: +109% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,290,000
Change: +107% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,225,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$4,025,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,599,194
Tax year 2024
Assessed value
$16,158,600
Assessed 2024
Previous assessed
$14,823,450
+9.0% YoY
Effective rate
9.90%
On assessed value
Assessed land
$2,093,850
Assessed improvement
$14,064,750
Land market value
$4,653,000
Improvement market value
$31,255,000
Total market value
$35,908,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
8
Units
6
Total area
70,734 SF
Lot
0.2 ac (8,837 SF)
Zoning code
C5-4
APN
00157-0009
UPID
US63-3849238
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-4 · Brooklyn, NY
Zoning C5-4 · permitted uses
C5-4 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
8
Buildings
1
Units
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Next Generation Fulton LLC
Entity
Mailing address
362 5TH AVE STE #901, NEW YORK, NY 10001-2252
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2017
—
Next Generation Fulton LLC
—
Grant Deed
related
$5,000,000 · Safra Nat'l Bk/ny
Dec 11, 2013
—
Next Generation Fulton LLC
Next Generation Chera II LLC
Deed
$16,500,000 · Safra National Bank Of New York
May 24, 2006
—
Next Generation Chera II LLC
Next Generation Chera LLC
Quit Claim Deed
related
$14,613,413 · Ubs Real Estate Invs INC
—
—
Next Generation Fulton LLC
—
Loan Modification
related
$48,500,000 · Safra National Bank New York
—
—
Next Generation Fulton LLC
—
Loan Modification
related
$4,960,000 · Safra Nat'l Bk/ny
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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