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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Warehouses
1200 Mcdonald Ave Brooklyn, NY 11230-3321
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1690424
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
65,195 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M1-2
APN
05464-0036
UPID
US63-1690424
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
-
Life Storage - Brooklyn Storage Facility
-
Extra Space Storage Storage Facility
-
Computer Rents Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$5.44M
Owner & transaction history
Life Storage LP · 4 yrs held
Life Storage LP
since 2022
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
M1-2 · 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
$5,520,000
ML approach
$5,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±10% · vs last sale $5.34M (May 18 2022)
Last sale anchor
$5.34M
May 18 2022
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
$83 / 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
$373,857
Tax year 2024
Assessed value
$3,821,400
Assessed 2024
Previous assessed
$3,691,350
+3.5% YoY
Effective rate
9.78%
On assessed value
Assessed land
$267,750
Assessed improvement
$3,553,650
Land market value
$595,000
Improvement market value
$7,897,000
Total market value
$8,492,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
65,195 SF
Lot
0.39 ac (17,000 SF)
Zoning code
M1-2
APN
05464-0036
UPID
US63-1690424
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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
2017
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Mailing address
3333 NEW HYDE PARK RD STE #200, NEW HYDE PARK, NY 11042-1205
Ownership since
2022
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
May 18, 2022
$5,336,500
Life Storage LP
Snl Development Group LLC
Deed
—
Feb 9, 2022
$29,516,000
Life Storage LP
Eri/snl 2015 Holdings LLC
Deed
—
Oct 21, 2021
$4,144,800
Snl Development Group LLC
Snl/orix 1200 Mcdonald Ave., LLC
Deed
—
Jul 18, 2016
—
Snl Of Orix 1200 Mcdonald Ave LLC
—
Grant Deed
related
$10,632,256 · Td Bk NA
May 2, 2016
$8,000,000
Snl Of Orix 1200 Mcdonald Ave LLC
Millennium Star Realty Co LLC
Grant Deed
—
Mar 22, 2016
—
Millennium Star Realty Co LLC
—
Trustees Deed
related
$220,000 · Columbia Cap
—
—
Millennium Star Realty Co
—
Deed Of Trust
related
$800,000 · Israel Discount Bank New York
—
—
Millennium Star Realty Co
—
Deed Of Trust
related
$634,999 · Israel Discount Bank New York
—
—
Millennium Star Realty Co LLC
—
Deed Of Trust
related
$250,000 · Israel Discount Bk/ny
—
—
Millennium Star Realty Co LLC
—
Deed Of Trust
related
$900,000 · Israel Discount Bk/ny
—
—
Millennium Star Realty Co LLC
—
Deed Of Trust
related
$1,200,000 · Israel Discount Bank New York
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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