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Property profile & analytics
OFF-MARKET
Estimated value
$12,535,000
Manufacturing properties
106 Ferris St 118 Brooklyn, NY 11231-1066
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-3466320
Property summary
AI-generated overview
This 480-square-foot creative office space, located at 106 Ferris Street, #B7 in Brooklyn, NY 11231, is perfect for an artist, small business, or other commercial use. Situated in a three-story, 73,800-square-foot building constructed in 1920, this single-tenancy unit offers immediate occupancy. Utilities included in rent are heat (gas), hot water, and electricity. The space features 24-hour access and a shared bathroom with a slop sink. Lease terms are flexible, offering 1-3 year options with a 4% annual rent increase. A personal guarantee is required. Note that woodworking and metalworking are prohibited. The property is conveniently located on Valentino Pier.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Total area
73,800 SF
Lot
0.49 ac (21,252 SF)
Zoning code
M2-1
APN
00595-0200
UPID
US63-3466320
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
-
Shop Cat Art Studio
-
Resiklo Furniture & Home Goods Home Decor Store
-
Standard Transmission Marketing & Advertising Advertising Agency
-
NY Moving Boxes Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.54M
Owner & transaction history
106 Ferris Street LLC · 14 yrs held
106 Ferris Street LLC
since 2012
2 recorded transactions
Zoning & alternative use
M2-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$170 / 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
$219,235
Tax year 2024
Assessed value
$2,345,850
Assessed 2024
Previous assessed
$2,213,550
+6.0% YoY
Effective rate
9.35%
On assessed value
Assessed land
$497,250
Assessed improvement
$1,848,600
Land market value
$1,105,000
Improvement market value
$4,108,000
Total market value
$5,213,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Units
7
Total area
73,800 SF
Lot
0.49 ac (21,252 SF)
Zoning code
M2-1
APN
00595-0200
UPID
US63-3466320
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
3
Buildings
1
Units
7
Lot
0.49 ac
Current owner
From public records · entity-resolved
106 Ferris Street LLC
Entity
Free & Clear · 14 yrs held
Mailing address
175 VAN DYKE ST, BROOKLYN, NY 11231-1079
Ownership since
2012
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
Jan 30, 2012
—
106 Ferris Street LLC
Oconnell,gregory
Grant Deed
related
—
—
—
Elizabeth Gallagher
—
Deed Of Trust
related
$150,000 · Gregory O'connell
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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