Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Super regional malls
1113 New York Ave Brooklyn, NY 11203
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2231294
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Total area
89,200 SF
Lot
0.77 ac (33,472 SF)
Zoning code
C45D
APN
01862-0001
UPID
US63-2231294
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.25M
Owner & transaction history
Rdc Commercial Center INC · 8 yrs held
Rdc Commercial Center INC
since 2017
7 recorded transactions
Zoning & alternative use
C45D · 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
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10%
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
$14 / 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
Assessed value
$6,778,350
Assessed 2024
Previous assessed
$5,912,100
+14.7% YoY
Assessed land
$869,850
Assessed improvement
$5,908,500
Land market value
$1,933,000
Improvement market value
$13,130,000
Total market value
$15,063,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
4
Stories
5
Units
28
Total area
89,200 SF
Lot
0.77 ac (33,472 SF)
Zoning code
C45D
APN
01862-0001
UPID
US63-2231294
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C45D · Brooklyn, NY
Zoning C45D · permitted uses
C45D · 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
1974
Heating
NONE
Stories
5
Buildings
4
Units
28
Lot
0.77 ac
Current owner
From public records · entity-resolved
Rdc Commercial Center INC
Entity
Mailing address
1368 FULTON ST, BROOKLYN, NY 11216-5372
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2017
—
Rdc Commercial Center INC
—
Grant Deed
related
$2,000,000 · Goldman Sachs Social Impact Fu
Jun 2, 2016
—
Rdc Commercial Center INC
—
Trustees Deed
related
$1,017,184 · Carver Fsb
Mar 22, 2013
—
Rdc Commercial Center
—
Trustees Deed
related
$1,000,000 · Carver Fsb
—
—
Carver Cdc Subsidiary Cde 1 Ll
—
Deed Of Trust
related
—
—
—
Bedford-stuyvesant Restoration
—
Deed Of Trust
related
$1,789,197 · Carver Fsb
—
—
Rdc Commercial Center INC
—
Deed Of Trust
related
$982,815 · Carver Fsb
—
—
Rdc Commercial Center INC
—
Deed Of Trust
related
$843,765 · Carver Fsb
—
—
Bedford Stuyvesant Restoration
—
Deed Of Trust
related
$2,575,000 · New York City (ny)
—
—
Cct-1 LLC
—
Deed Of Trust
related
—
—
—
Rdc Commercial Center
—
Deed Of Trust
related
$600,000 · Carver Cdc-subsidiary Cde 1 Ll
—
—
Rdc Coml Center INC
—
Deed Of Trust
related
$1,981,022 · Carver Fsb
—
—
Bedford Stuyvesant Restoration
—
Deed Of Trust
related
$4,000,000 · Carver Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1113 New York Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
