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Property profile & analytics
OFF-MARKET
Estimated value
$7,390,000
Office buildings
124 9th St Brooklyn, NY 11215-3171
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2290635
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
173,543 SF
Lot
1.97 ac (85,944 SF)
Zoning code
M2-1
APN
01007-0029
UPID
US63-2290635
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
-
LES Collection Showroom Home Decor Store Department Store
-
Gueridon LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Kworq Marketing & Advertising Advertising Agency
-
We Oriental Rug Cleaning Nyc Carpet Cleaning Service
-
Smooth Endings Ltd. Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.39M
Owner & transaction history
Maserati Realty LLC · 15 yrs held
Maserati Realty LLC
since 2011
4 recorded transactions
Zoning & alternative use
M2-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$43 / 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
$1,296,261
Tax year 2024
Assessed value
$14,467,050
Assessed 2024
Previous assessed
$13,473,900
+7.4% YoY
Effective rate
8.96%
On assessed value
Assessed land
$3,094,650
Assessed improvement
$11,372,400
Land market value
$6,877,000
Improvement market value
$25,272,000
Total market value
$32,149,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
173,543 SF
Lot
1.97 ac (85,944 SF)
Zoning code
M2-1
APN
01007-0029
UPID
US63-2290635
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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
1925
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
1.97 ac
Current owner
From public records · entity-resolved
Maserati Realty LLC
Entity
Mailing address
386 3RD AVE, BROOKLYN, NY 11215-2705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Ch Gowanus 2 LLC
—
Deed
related
$13,550,000 · Signature Bank
Aug 17, 2018
—
Ch Gowanus LLC
—
Grant Deed
related
$19,653,731 · 94 9th Street 1 LLC
Feb 11, 2011
—
Maserati Realty LLC
8112-8124 18th Avenue Realty C
Grant Deed
related
—
May 10, 2006
$1,938,000
Maserati Realty LLC
8112-8124 18th Ave Realty Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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