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Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Warehouses
113-115 2nd St Brooklyn, NY 11231
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-1381412
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Total area
4,340 SF
Lot
0.05 ac (2,204 SF)
Zoning code
R6B
APN
00457-0039
UPID
US63-1381412
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
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
Jessica Wingate · 19 yrs held
Jessica Wingate
since 2006
7 recorded transactions
Zoning & alternative use
R6B · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,440,000
7%
$1,340,000
Blend value · Realmo final
$370k
Range $333k – $407k · ±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
$85 / 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
$20,210
Tax year 2024
Assessed value
$219,150
Assessed 2024
Previous assessed
$204,300
+7.3% YoY
Effective rate
9.22%
On assessed value
Assessed land
$59,400
Assessed improvement
$159,750
Land market value
$132,000
Improvement market value
$355,000
Total market value
$487,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
4,340 SF
Lot
0.05 ac (2,204 SF)
Zoning code
R6B
APN
00457-0039
UPID
US63-1381412
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NYZoning R6B · permitted uses
R6B · 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
1964
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Jessica Wingate
Individual
Mailing address
113 2ND ST, BROOKLYN, NY 11231-4803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2006
$672,045
Jessica Wingate
South Second Condos LLC
Grant Deed
$500,000 · J P Morgan Chase Bank
Aug 19, 2004
$150,500
Joel Schwartz
Padilla,johnny & Rosa E
Grant Deed
—
Aug 19, 2004
—
South Second Condos LLC
Schwartz,joel
Grant Deed
related
—
Apr 19, 1999
$355,000
Michael Mcginn
Figliolia,angelina
Grant Deed
$540,240 · Bank United Of Texas Fsb
—
—
Michael Mcginn
—
Deed Of Trust
related
$10,000 · Chase Manhattan Bank
—
—
South Second Condos LLC
—
Deed Of Trust
related
$300,000 · Ernest Paskes
—
—
South Second Condos LLC
—
Deed Of Trust
related
$500,000 · David Paskes
—
—
South Second Condos LLC
—
Deed Of Trust
related
$199,999 · David Paskes
—
—
South Second Condos LLC
—
Deed Of Trust
related
$300,000 · David Paskes
—
—
South Second Condos LLC
—
Deed Of Trust
related
$300,000 · David Paskes
—
—
Angelina Figliolia
—
Deed Of Trust
related
$50,000 · Individual
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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