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Property profile & analytics
OFF-MARKET
Estimated value
$7,700,000
Office buildings
1072 Flatbush Ave Brooklyn, NY 11226
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2964600
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
15,330 SF
Lot
0.35 ac (15,330 SF)
Zoning code
C44A
APN
05152-0012
UPID
US63-2964600
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
$7.81M
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.70M
Owner & transaction history
Horizon At Flatbush LLC · 4 yrs held
Horizon At Flatbush LLC
since 2021
Last sale
$7.4M
1 recorded transaction
Zoning & alternative use
C44A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.2M
+44.3%
Retail stores
$11.8M
+39.9%
Industrial (general)
$8.7M
+3.1%
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
$8,195,000
ML approach
$7,805,000
CAP Approach
CAP Return
Estimation
6%
$6,250,000
6.5%
$5,770,000
7%
$5,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,440,000
Current use
AUTO REPAIR, GARAGE
$12,180,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$11,805,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,700,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,685,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.70M
Range $6.93M – $8.47M · ±10% · vs last sale $7.40M (Sep 1 2021)
Last sale anchor
$7.40M
Sep 1 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
$502 / 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
$152,477
Tax year 2024
Assessed value
$1,439,550
Assessed 2024
Previous assessed
$1,412,100
+1.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$655,200
Assessed improvement
$784,350
Land market value
$1,456,000
Improvement market value
$1,743,000
Total market value
$3,199,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
15,330 SF
Lot
0.35 ac (15,330 SF)
Zoning code
C44A
APN
05152-0012
UPID
US63-2964600
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44A · Brooklyn, NYZoning C44A · permitted uses
C44A · 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 Current
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$11.8M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$7.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Horizon At Flatbush LLC
Entity
Mailing address
53 BROADWAY, BROOKLYN, NY 11249-6103
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
$7,400,000
Horizon At Flatbush LLC
Freda Realty Company, LLC
Deed
$5,500,000 · Alma Bank
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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