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Property profile & analytics
OFF-MARKET
Estimated value
$31,815,000
Retail residential properties
110 1st St Brooklyn, NY 11249-3936
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3606889
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2022
Total area
58,738 SF
Lot
0.26 ac (11,351 SF)
Zoning code
M12R6A
APN
02379-0019
UPID
US63-3606889
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
-
Power Electric NY Electrical Service General Contractor
-
110 North 1st St Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.82M
Owner & transaction history
Gregg Hayim · 2 yrs held
Gregg Hayim
since 2024
Last sale
$40,560
6 recorded transactions
Zoning & alternative use
M12R6A · 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
$542 / 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
$558,224
Tax year 2024
Assessed value
$4,546,800
Assessed 2024
Previous assessed
$408,600
+1,012.8% YoY
Effective rate
12.28%
On assessed value
Assessed land
$510,750
Assessed improvement
$4,036,050
Land market value
$1,135,000
Improvement market value
$8,969,000
Total market value
$10,104,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
1
Stories
7
Units
39
Total area
58,738 SF
Lot
0.26 ac (11,351 SF)
Zoning code
M12R6A
APN
02379-0019
UPID
US63-3606889
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6A · Brooklyn, NYZoning M12R6A · permitted uses
M12R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
7
Buildings
1
Units
39
Lot
0.26 ac
Current owner
From public records · entity-resolved
Gregg Hayim
Individual
Free & Clear · 2 yrs held
Mailing address
2 N 6TH PL, BROOKLYN, NY 11249-3299
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$40,560
Gregg Hayim
110 N1 Owner, LLC
Deed
—
Dec 8, 2021
—
110 N1 Owner, LLC
Rovex LLC
Correction Deed
related
—
Jun 29, 2021
$13,000,000
110 N1 Owner LLC
Rovex LLC
Deed
$8,000,000 · S3 Re Funding III LLC
Jun 6, 2017
—
Rovex LLC
Loeffler Properties LLC
Grant Deed
related
—
Jan 11, 2007
—
Loeffler Properties LLC
Loeffler Ethel Trust
Quit Claim Deed
related
—
Jan 5, 2007
—
Loeffler Ethel Trust
Loeffler,robert G & Samuel
Quit Claim Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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