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Property profile & analytics
OFF-MARKET
Estimated value
$2,830,000
Banks
10 Jay St Brooklyn, NY 11201-1136
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2856082
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1920
Total area
174,493 SF
Lot
0.45 ac (19,682 SF)
Zoning code
M14R8A
APN
00001-0050
UPID
US63-2856082
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
-
Workshop Nyc Marketing & Advertising Advertising Agency
-
SWIG Social Advertising Agency Marketing & Advertising
-
Matty Weiss Photography Service (Bike/Boat/Book/etc) Store
-
Soho Works: 10 Jay Coworking & Hybrid Office
-
Team Agency Inc. Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.83M
Owner & transaction history
Safdi Plaza Property LLC · 8 yrs held
Safdi Plaza Property LLC
since 2017
7 recorded transactions
Zoning & alternative use
M14R8A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±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
$16 / 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
$2,193,535
Tax year 2024
Assessed value
$26,129,700
Assessed 2024
Previous assessed
$22,096,800
+18.3% YoY
Effective rate
8.39%
On assessed value
Assessed land
$834,300
Assessed improvement
$25,295,400
Land market value
$1,854,000
Improvement market value
$56,212,000
Total market value
$58,066,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
10
Units
2
Total area
174,493 SF
Lot
0.45 ac (19,682 SF)
Zoning code
M14R8A
APN
00001-0050
UPID
US63-2856082
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R8A · Brooklyn, NY
Zoning M14R8A · permitted uses
M14R8A · 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.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
10
Buildings
1
Units
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Safdi Plaza Property LLC
Entity
Mailing address
10 JAY ST, BROOKLYN, NY 11201-1136
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
10 Jay Property LLC
—
Loan Modification
related
$134,924,177 · Natixis New York Branch
Jul 18, 2017
—
Safdi Plaza Property LLC
Safdi Plaza Realty INC
Deed
$33,299,158 · Acore Capital Mortgage, LP
Jun 22, 2017
—
Safdi Plaza Realty INC
—
Loan Modification, Consolidation And Extension
related
$45,740,485 · Goldman Sachs Bk USA
May 31, 2017
—
Safdi Plaza Realty INC
—
Loan Modification, Consolidation And Extension
related
$40,000,000 · Goldman Sachs Bk USA
Mar 2, 2017
—
Safdi Plaza Realty INC
—
Loan Modification, Consolidation And Extension
related
$34,000,000 · Goldman Sachs Bk USA
Dec 16, 2016
—
Safdi Plaza Realty INC
—
Deed
related
$28,000,000 · Goldman Sachs Bk USA
Apr 11, 2014
—
City Of New York
Safdi Plaza Realty INC
Grant Deed
—
Mar 11, 2004
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$8,405,599 · Intervest National Bank
—
—
Safdi Plaza Realty INC
—
Loan Modification
related
$28,000,000 · Wendover Funder LLC
—
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$4,000,000 · Wendover Funder LLC
—
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$2,000,000 · Ggp 10 Jay Funder LLC
—
—
Safdi Plaza Realty INC
—
Loan Modification, Consolidation And Extension
related
$28,000,000 · Goldman Sachs Bk USA
—
—
Safdi Plaza Realty INC
—
Loan Modification
related
$4,740,485 · Wendover Funder LLC
—
—
Safdi Plaza Realty INC
—
Loan Modification
related
$4,740,485 · Ggp 10 Jay Funder LLC
—
—
10 Jay LLC
—
Loan Modification
related
$1,259,515 · Wendover Funder LLC
—
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$11,384,357 · Ggp 10 Jay Funder LLC
—
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$5,603,851 · Intervest National Bank
—
—
10 Jay Property LLC
—
Deed Of Trust
related
$13,724,391 · Natixis New York Branch
—
—
Safdi Plaza Realty INC
—
Loan Modification
related
$4,000,000 · Wendover Funder LLC
—
—
Safdi Plaza Realty INC
—
Loan Modification
related
$740,485 · Wendover Funder LLC
—
—
10 Jay Property LLC
—
Deed Of Trust
related
$4,486,820 · Natixis New York Branch
—
—
Safdi Plaza Realty INC
—
Deed Of Trust
related
$32,000,000 · Ggp 10 Jay Funder LLC
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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