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Property profile & analytics
OFF-MARKET
Estimated value
$7,040,000
Schools
116-126 Rogers Ave Brooklyn, NY 11216
Entity Owned
21-yr Hold
Property ID
US63-0294752
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2022
Total area
138,029 SF
Lot
0.36 ac (15,660 SF)
Zoning code
R6A
APN
01246-0017
UPID
US63-0294752
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
$9.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.93M
Blend (final)
Blend
$7.04M
Owner & transaction history
116-126 Rogers Ave LLC · 21 yrs held
116-126 Rogers Ave LLC
since 2005
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$11.1M
+52.7%
Office building
$8.5M
+17.2%
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
$9,330,000
ML approach
$9,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$7,265,000
Current use
WAREHOUSE, STORAGE
$11,100,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$8,515,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$7.04M
Range $6.34M – $7.74M · ±10% · vs last sale $7.10M (Feb 3 2020)
Last sale anchor
$7.10M
Feb 3 2020
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
$51 / 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
$11,358,900
Assessed 2024
Previous assessed
$11,129,850
+2.1% YoY
Assessed land
$493,200
Assessed improvement
$10,865,700
Land market value
$1,096,000
Improvement market value
$24,146,000
Total market value
$25,242,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
1
Stories
4
Total area
138,029 SF
Lot
0.36 ac (15,660 SF)
Zoning code
R6A
APN
01246-0017
UPID
US63-0294752
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NY
Zoning R6A · permitted uses
R6A · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$11.1M
OFFICE BUILDING
Est. value
$8.5M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2022
Heating
NONE
Stories
4
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
116-126 Rogers Ave LLC
Entity
Mailing address
116 ROGERS AVE, BROOKLYN, NY 11216
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
School Brooklyn German
—
Deed
related
$29,300,000 · Cli Capital
Mar 3, 2020
—
German School Brooklyn
—
Deed Of Trust
related
$12,400,000 · Cli Cap
Feb 3, 2020
—
Brooklyn German S
—
Deed
related
$8,300,000 · Cli Cap
Oct 11, 2019
—
116-126 Rogers Ave LLC
—
Deed
related
$1,000,000 · Rogers Ave Group INC
Apr 22, 2005
$400,000
116-126 Rogers Ave LLC
Mcintosh,brenda
Grant Deed
—
—
—
116-126 Rogers Ave LLC
—
Deed Of Trust
related
$1,000,000 · Rogers Ave Group INC
—
—
German School Brooklyn
—
Deed Of Trust
related
$550,000 · Cli Cap
—
—
German School Brooklyn
—
Deed Of Trust
related
$4,400,000 · Zions Bancorporation NA
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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