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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Apartment buildings
1220 Dean St Brooklyn, NY 11216-5403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-4104119
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1905
Total area
3,000 SF
Lot
0.04 ac (1,907 SF)
Zoning code
R6
APN
01213-0019
UPID
US63-4104119
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
-
a1 meadow restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.31M
Owner & transaction history
1220 Dean LLC · 1 yrs held
1220 Dean LLC
since 2024
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+51.4%
Warehouse, storage
$1.5M
+37.9%
Commercial (general)
$1.3M
+22.0%
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
$1,310,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Current use
OFFICE BUILDING
$1,650,000
Change: +51% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,505,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,330,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.31M (Oct 22 2024)
Last sale anchor
$1.31M
Oct 22 2024
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
$437 / 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
$16,478
Tax year 2024
Assessed value
$333,000
Assessed 2024
Previous assessed
$333,000
+0.0% YoY
Effective rate
4.95%
On assessed value
Assessed land
$4,050
Assessed improvement
$328,950
Land market value
$9,000
Improvement market value
$731,000
Total market value
$740,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1905
Heating
NONE
Buildings
1
Stories
3
Units
6
Total area
3,000 SF
Lot
0.04 ac (1,907 SF)
Zoning code
R6
APN
01213-0019
UPID
US63-4104119
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1905
Heating
NONE
Stories
3
Buildings
1
Units
6
Lot
0.04 ac
Current owner
From public records · entity-resolved
1220 Dean LLC
Entity
Mailing address
1036 DARTMOUTH LN, WOODMERE, NY 11598-1012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$1,312,000
1220 Dean LLC
Jenjen Holdings LLC
Deed
$1,180,000 · States Capital LLC
Jun 2, 2022
$765,000
Jenjen Holdings LLC
Sherwin Edwards
Deed
—
May 11, 2005
$567,500
Sherwin Edwards
Sterling State INC
Deed
$552,950 · Cambridge Home Capital LLC
Sep 14, 2004
$279,900
Sterling State INC
Federal National Mortgage Asso
Grant Deed
—
May 5, 2004
—
Federal National Mortgage Assn
Ghunney,albert
Grant Deed
related
—
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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