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Property profile & analytics
OFF-MARKET
Estimated value
$44,565,000
Office buildings
109 5th St Brooklyn, NY 11249-5501
Entity Owned
~
Est. High Equity
Property ID
US63-1229747
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1903
Total area
63,033 SF
Lot
0.24 ac (10,450 SF)
Zoning code
M12R6
APN
02443-0034
UPID
US63-1229747
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
-
Keyes Estates Incorporated Property Management Company
-
Visual Magnetics Building Supply Factory
-
STATIONHEAD Radio Station Telecommunications Service
-
Red Rise Digital Advertising Agency Marketing & Advertising
-
Melissa Moy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$57.52M
Blend (final)
Blend
$44.57M
Owner & transaction history
109 5th Avenue Ny LLC
109 5th Avenue Ny LLC
since 2026
Last sale
$46.0M
7 recorded transactions
Zoning & alternative use
M12R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$50.1M
+44.3%
Retail stores
$48.5M
+39.9%
Industrial (general)
$35.8M
+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
$47,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$34,700,000
Current use
AUTO REPAIR, GARAGE
$50,080,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$48,540,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$35,775,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$31,590,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$44.57M
Range $40.11M – $49.02M · ±10% · vs last sale $45.97M (Jul 1 2022)
Last sale anchor
$45.97M
Jul 1 2022
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
$707 / 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
$1,011,811
Tax year 2024
Assessed value
$9,552,600
Assessed 2024
Previous assessed
$15,677,550
-39.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$705,600
Assessed improvement
$8,847,000
Land market value
$1,568,000
Improvement market value
$19,660,000
Total market value
$21,228,000
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
1903
Heating
NONE
Buildings
1
Stories
6
Units
41
Total area
63,033 SF
Lot
0.24 ac (10,450 SF)
Zoning code
M12R6
APN
02443-0034
UPID
US63-1229747
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6 · Brooklyn, NY
Zoning M12R6 · permitted uses
M12R6 · 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
OFFICE BUILDING Current
Est. value
$34.7M
AUTO REPAIR, GARAGE
Est. value
$50.1M
RETAIL STORES
Est. value
$48.5M
INDUSTRIAL (GENERAL)
Est. value
$35.8M
WAREHOUSE, STORAGE
Est. value
$31.6M
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
1903
Heating
NONE
Stories
6
Buildings
1
Units
41
Lot
0.24 ac
Current owner
From public records · entity-resolved
109 5th Avenue Ny LLC
Entity
Mailing address
110 N WACKER DR STE #4000, CHICAGO, IL 60606-1569
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$2,665,000
109 5th Avenue Ny LLC
Cabbad Family LLC
Deed
—
Jul 1, 2022
$45,970,878
Heitman Credit Acquisition Xxii, Ll
109 South 5 Property LLC
Deed
—
Nov 13, 2017
—
109 South 5 Property LLC
—
Loan Modification, Consolidation And Extension
related
$40,800,000 · Heitman Credit Acquisition I L
May 17, 2017
—
109 North 5th Street LLC
—
Deed
related
$1,125,000 · New York Cmnty Bk
May 15, 2017
—
109 North 5th Street LLC
—
Deed
related
$451,540 · New York Community Bank
Sep 30, 2015
$42,000,000
109 South 5 Property LLC
Stier 109 LLC
Trustees Deed
related
$25,111,073 · Private Individual
Jun 4, 2010
—
Stier 109 LLC
Stier,kenneth
Quit Claim Deed
related
—
Feb 1, 2008
—
Stier 109 LLC
Stier,kenneth
Quit Claim Deed
related
—
—
—
109 South 5 Property LLC
—
Loan Modification, Consolidation And Extension
$27,200,000 · Private Individual
—
—
Stier 109 LLC
—
Loan Modification, Consolidation And Extension
related
$2,145,879 · Hudson Vly Bk
—
—
109 South 5 Property LLC
—
Deed Of Trust
related
$6,714,492 · Private Individual
—
—
109 South 5 Property LLC
—
Deed Of Trust
related
$6,885,508 · Heitman Credit Acquisition I L
—
—
Stier 109 LLC
—
Deed Of Trust
related
$1,500,000 · Hudson Valley 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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