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Property profile & analytics
OFF-MARKET
Estimated value
$41,850,000
Retail residential properties
123 Hope St, Brooklyn, NY 11211-3982
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-1416008
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2017
Total area
101,716 SF
Lot
0.53 ac (23,198 SF)
Zoning code
M12R6A
APN
02374-0001
UPID
US63-1416008
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
-
PointerTech IT (Bike/Boat/Book/etc) Store Corporate Office
-
Amazing Explorers Academy Williamsburg Daycare Center
-
Dan Clunies - Cost Segregation Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$56.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.85M
Owner & transaction history
123 Hope Street LLC · 6 yrs held
123 Hope Street LLC
since 2020
7 recorded transactions
Zoning & alternative use
M12R6A · 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%
$61,540,000
6.5%
$56,805,000
7%
$52,745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$68,440,000
Current use
INDUSTRIAL (GENERAL)
$57,730,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$55,995,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$41.85M
Range $37.67M – $46.04M · ±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
$411 / 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
$70,374
Tax year 2024
Assessed value
$12,259,800
Assessed 2024
Previous assessed
$11,601,900
+5.7% YoY
Effective rate
0.57%
On assessed value
Assessed land
$783,000
Assessed improvement
$11,476,800
Land market value
$1,740,000
Improvement market value
$25,504,000
Total market value
$27,244,000
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
2017
Heating
NONE
Buildings
1
Stories
7
Units
138
Total area
101,716 SF
Lot
0.53 ac (23,198 SF)
Zoning code
M12R6A
APN
02374-0001
UPID
US63-1416008
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6A · Brooklyn, NY
Zoning M12R6A · permitted uses
M12R6A · 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
COMMERCIAL (GENERAL) Current
Est. value
$68.4M
INDUSTRIAL (GENERAL)
Est. value
$57.7M
OFFICE BUILDING
Est. value
$56.0M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2017
Heating
NONE
Stories
7
Buildings
1
Units
138
Lot
0.53 ac
Current owner
From public records · entity-resolved
123 Hope Street LLC
Entity
Mailing address
579 5TH AVE #4, NEW YORK, NY 10017-1917
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$83,764,000
123 Hope Street LLC
Shuster Hope LLC
Grant Deed
—
Feb 22, 2019
—
Shuster Hope LLC
123 Hope Street Owner LLC
Correction Deed
related
—
Dec 28, 2018
—
Shuster Hope LLC
—
Loan Modification
related
$62,000,000 · Bank Leumi USA
Mar 23, 2017
—
Shuster Hope LLC
—
Grant Deed
related
$28,655,284 · Bank Leumi USA
Aug 10, 2016
—
Shuster Hope LLC
123 Hope Street Owner LLC
Quit Claim Deed
related
$15,500,000 · Israel Discount Bk/ny
Oct 28, 2015
$24,822,000
Rodney Street Investors LLC
Diamond Sugar Co INC
Grant Deed
—
Oct 28, 2015
—
123 Hope Street Owner LLC
Rodney Street Investors LLC
Grant Deed
$15,500,000 · Israel Discount Bk/ny
—
—
Shuster Hope LLC
—
Deed Of Trust
related
$9,458,002 · Bank Leumi USA
—
—
Shuster Hope LLC
—
Loan Modification
related
$15,500,000 · Bank Leumi USA
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.
Try Rey
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