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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Banks
103 13th St Brooklyn, NY 11249-1007
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-2315242
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2017
Total area
62,779 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M1-2
APN
02279-0034
UPID
US63-2315242
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
-
Concord Farm Sales Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$535k
Owner & transaction history
103 North 13th Street LLC · 6 yrs held
103 North 13th Street LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1-2 · 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$585,000
Current use
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$9 / 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
$654,665
Tax year 2024
Assessed value
$6,180,750
Assessed 2024
Previous assessed
$4,678,650
+32.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$562,500
Assessed improvement
$5,618,250
Land market value
$1,250,000
Improvement market value
$12,485,000
Total market value
$13,735,000
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
2017
Heating
NONE
Buildings
1
Stories
7
Units
7
Total area
62,779 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M1-2
APN
02279-0034
UPID
US63-2315242
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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
FINANCIAL BUILDING Current
Est. value
$585,000
FINANCIAL BUILDING Current
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
2017
Heating
NONE
Stories
7
Buildings
1
Units
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
103 North 13th Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
266 BROADWAY STE #403, BROOKLYN, NY 11211-6499
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
—
103 North 13th Street LLC
—
Deed
related
$14,500,000 · Deutsche Bank Ag, New York Branch
Nov 13, 2019
—
103 North 13th Street LLC
North 13 Holdings LLC
Deed
—
Sep 26, 2017
—
North 13 Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$15,000,000 · Bofi Fed'l Bk
Jun 10, 2014
$8,200,000
North 13 Holdings LLC
Levy Realty LLC
Grant Deed
—
—
—
North 13 Holdings LLC
—
Deed Of Trust
related
$222,890 · State Bk/tx
—
—
North 13 Holdings LLC
—
Deed Of Trust
related
$4,874,900 · Intervest Nat'l Bk
—
—
North 13 Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$10,000,000 · State Bk/tx
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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