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Property profile & analytics
OFF-MARKET
Estimated value
$9,725,000
Retail residential properties
1177-1181 Bedford Ave Brooklyn, NY 11216
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-5976803
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
38,330 SF
Lot
0.3 ac (12,892 SF)
Zoning code
R6A
APN
01827-0002
UPID
US63-5976803
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
by Request
Comparable Approach
Comparable
$13.60M
Blend (final)
Blend
$9.73M
Owner & transaction history
Bedford Heights Owner LLC · 7 yrs held
Bedford Heights Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
R6A · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,935,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$9.73M
Range $8.75M – $10.70M · ±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
$254 / 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
$212,101
Tax year 2024
Assessed value
$1,950,750
Assessed 2024
Previous assessed
$2,041,650
-4.5% YoY
Effective rate
10.87%
On assessed value
Assessed land
$305,100
Assessed improvement
$1,645,650
Land market value
$678,000
Improvement market value
$3,657,000
Total market value
$4,335,000
Applied tax rate
2.0000
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
1910
Heating
NONE
Buildings
4
Stories
4
Units
48
Total area
38,330 SF
Lot
0.3 ac (12,892 SF)
Zoning code
R6A
APN
01827-0002
UPID
US63-5976803
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS)
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
1910
Heating
NONE
Stories
4
Buildings
4
Units
48
Lot
0.3 ac
Current owner
From public records · entity-resolved
Bedford Heights Owner LLC
Entity
Mailing address
162 MANHATTAN AVE, BROOKLYN, NY 11206-3274
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2018
—
Bedford Heights Owner LLC
New Bedford Heights LLC
Quit Claim Deed
$12,000,000 · Amalgamated Bk
Jul 30, 2010
—
New Bedford Heights LLC
Bedford Heights USA LLC
Deed
$9,200,000 · Investors Savings Bank Fsb
Jun 24, 2008
—
Bedford Heights USA LLC
—
Trustees Deed
related
$4,352,000 · Brooklyn Fsb
Nov 29, 2007
$3,475,000
Bedford Heights USA LLC
Thoroughbred Holdings Corp
Grant Deed
$1,477,397 · Brooklyn Fsb
Jul 18, 2007
—
Thoroughbred Holding Corp
—
Deed Of Trust
related
$2,300,000 · Northern Funding LLC
Jan 23, 2006
—
Thoroughbred Holding Corp
—
Trustees Deed
related
$115,000 · Edward P Wilson
Aug 18, 2005
—
Thoroughbred Holding Corp
—
Trustees Deed
related
$603,500 · Northern Source LLC
Jun 4, 2004
—
Thoroughbred Holding Corp
Frazier,federico
Grant Deed
$275,000 · Northern Source LLC
Apr 7, 2004
$400,000
Federico Frazer
Holder,lillie M
Grant Deed
—
—
—
New Bedford Heights LLC
—
Deed Of Trust
related
$1,273,000 · Investors Savings Bank Fsb
—
—
Bedford Heights USA LLC
—
Deed Of Trust
related
$7,927,000 · Brooklyn Fsb
—
—
Thoroughbred Holding Corp
—
Deed Of Trust
related
$350,000 · Northern Source LLC
—
—
Bedford Heights LLC
—
Deed Of Trust
related
$1,836,069 · Amalgamated Bk
—
—
Ford Realty LLC
—
Loan Modification
related
$4,500,000 · Bankunited Fsb
—
—
New Bedford Heights LLC
—
Loan Modification
related
$11,300,000 · Bank United
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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