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Property profile & analytics
OFF-MARKET
Estimated value
$17,295,000
Warehouses
1203 New York Ave Brooklyn, NY 11212-4127
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1208775
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
147,711 SF
Lot
0.98 ac (42,605 SF)
Zoning code
C8-2
APN
01477-0001
UPID
US63-1208775
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
-
Mt Vernon ATM 2005 Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.41M
Blend (final)
Blend
$17.30M
Owner & transaction history
Elmont Q Properties INC · 5 yrs held
Elmont Q Properties INC
since 2020
Last sale
$13.0M
6 recorded transactions
Zoning & alternative use
C8-2 · 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
$17,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.30M
Range $15.57M – $19.02M · ±10% · vs last sale $13.00M (Nov 19 2020)
Last sale anchor
$13.00M
Nov 19 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
$117 / 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
$1,078,798
Tax year 2024
Assessed value
$10,611,900
Assessed 2024
Previous assessed
$9,702,450
+9.4% YoY
Effective rate
10.17%
On assessed value
Assessed land
$1,518,750
Assessed improvement
$9,093,150
Land market value
$3,375,000
Improvement market value
$20,207,000
Total market value
$23,582,000
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
2022
Heating
NONE
Stories
3
Units
1
Total area
147,711 SF
Lot
0.98 ac (42,605 SF)
Zoning code
C8-2
APN
01477-0001
UPID
US63-1208775
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-2 · Brooklyn, NYZoning C8-2 · permitted uses
C8-2 · 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
2022
Heating
NONE
Stories
3
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Elmont Q Properties INC
Entity
Free & Clear · 5 yrs held
Mailing address
299 PARK AVE FL #35, NEW YORK, NY 10171-3807
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
1203 E New York Ave Owner, L.l.c.
—
Deed
related
$45,336,000 · Pgim Real Estate U.s. Debt Fund Seller V
Jun 3, 2025
—
1203 E New York Ave Owner, L.l.c.
—
Deed
related
$10,225,000 · Deutsche Bank Ag, New York Branch
Sep 15, 2021
—
1203 E New York Ave Owner, L.l.c.
—
Deed
related
$4,779,372 · Santander Bank, N.a.
Nov 19, 2020
—
Elmont Q Properties INC
1203 East Ny Owner LLC
Grant Deed
—
Nov 19, 2020
$13,000,000
1203 E New York Ave Owner LLC
Elmont Q Properties INC
Grant Deed
—
Nov 8, 2018
—
1203 East Ny Owner LLC
Elmont Q Properties INC
Grant Deed
—
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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