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Property profile & analytics
FOR SALE
Retail space
1000 Dean St Brooklyn, NY 11238
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-0296506
For Sale
1 / 2
$6,340,000
1000 Dean St, Brooklyn, NY 11238
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
9,074 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M1-1
APN
01142-1101
UPID
US63-0296506
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
-
Parkside Empire Flatbush Avenue Merchants Association Association Or Organization
-
Home Grown Books Publishing House Printing Service
-
Dr. Melissa Johnson Physician Medical Clinic
-
651 Arts Theater & Performing Art Venue
-
Hello Please Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.20M
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$6.34M
Owner & transaction history
899 Bergen Street Brk LLC · 4 yrs held
899 Bergen Street Brk LLC
since 2021
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+3.2%
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
$7,245,000
ML approach
$7,200,000
CAP Approach
CAP Return
Estimation
6%
$7,250,000
6.5%
$6,695,000
7%
$6,215,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,990,000
Current use
AUTO REPAIR, GARAGE
$7,210,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,790,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.34M
Range $5.71M – $6.97M · ±10% · vs last sale $6.00M (Oct 28 2021)
Last sale anchor
$6.00M
Oct 28 2021
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
$699 / 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
$69,057
Tax year 2024
Assessed value
$659,189
Assessed 2024
Previous assessed
$632,859
+4.2% YoY
Effective rate
10.48%
On assessed value
Assessed land
$50,121
Assessed improvement
$609,068
Land market value
$111,380
Improvement market value
$1,353,484
Total market value
$1,464,864
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1965
Buildings
1
Stories
4
Units
1
Total area
9,074 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M1-1
APN
01142-1101
UPID
US63-0296506
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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
RETAIL STORES Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1965
Stories
4
Buildings
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
899 Bergen Street Brk LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1290 AVE OF THE AMERICAS, NEW YORK, NY 10104-0101
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
899 Bergen Street Brk LLC
—
Deed
related
$450,000,000 · Goldman Sachs Bank USA
Oct 28, 2021
$6,000,000
899 Bergen Street Brk LLC
1000 Dean Owner LLC
Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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