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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Medical Office Space
1035 83rd St 1043 Brooklyn, NY 11236-4225
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1578872
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1975
Total area
18,900 SF
Lot
0.28 ac (12,400 SF)
Zoning code
R5B
APN
08035-0023
UPID
US63-1578872
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
1040 E 84th Street, LLC · 5 yrs held
1040 E 84th Street, LLC
since 2021
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
R5B · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+232.1%
Restaurant
$3.5M
+220.6%
Retail stores
$3.2M
+193.9%
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
$3,380,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,575,000
Change: +232% · Conversion: Easy
RESTAURANT
$3,450,000
Change: +221% · Conversion: Difficult
RETAIL STORES
$3,165,000
Change: +194% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: +176% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,750,000
Change: +155% · Conversion: Easy
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $3.05M (Feb 9 2021)
Last sale anchor
$3.05M
Feb 9 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
$179 / 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
$173,468
Tax year 2024
Assessed value
$1,707,750
Assessed 2024
Previous assessed
$1,673,100
+2.1% YoY
Effective rate
10.16%
On assessed value
Assessed land
$150,750
Assessed improvement
$1,557,000
Land market value
$335,000
Improvement market value
$3,460,000
Total market value
$3,795,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
18,900 SF
Lot
0.28 ac (12,400 SF)
Zoning code
R5B
APN
08035-0023
UPID
US63-1578872
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Brooklyn, NYZoning R5B · permitted uses
R5B · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1975
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
1040 E 84th Street, LLC
Entity
Free & Clear · 5 yrs held
Mailing address
17 WESTON PL, LAWRENCE, NY 11559-1524
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
—
83rd Street Real Property, LLC
—
Deed
related
$2,200,000 · Artwit II LLC
Feb 9, 2021
—
1040 E 84th Street, LLC
Mira Construction, INC,
Deed
—
Feb 9, 2021
$3,050,000
83rd Street Real Property LLC
1040 E 84th Street, LLC
Deed
$2,200,000 · Artwit II 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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