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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
124 Putnam Ave Greenwich, CT 06830-5317
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0820744
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
STEEL FRAME
Total area
31,188 SF
Lot
0.46 ac (20,038 SF)
Zoning code
GBO
APN
GREE M:01 B:2003/S
UPID
US15-0820744
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
-
New Media Distribution Co LLC (Bike/Boat/Book/etc) Store
-
H H Brown Shoe Co Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
New Media Internet LLC Newspaper & Magazine Television Studio
-
Lucenti Italian Interiors, Inc. Kitchen & Bath Showroom Furniture & Home Goods
-
Darby Trading Inc Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.07M
Owner & transaction history
Bernic Ent INC · 14 yrs held
Bernic Ent INC
since 2012
1 recorded transaction
Zoning & alternative use
GBO · Greenwich, CT
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 Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwich 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
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$34 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$81,564
Tax year 2023
Assessed value
$7,009,660
Assessed 2023
Previous assessed
$7,009,660
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,182,790
Assessed improvement
$5,826,870
Applied tax rate
124.0000
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
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Rooms
13
Total area
31,188 SF
Lot
0.46 ac (20,038 SF)
Zoning code
GBO
APN
GREE M:01 B:2003/S
UPID
US15-0820744
Jurisdiction
GREENWICH
Zoning & alternative use
GBO · Greenwich, CT
Zoning GBO · permitted uses
GBO · Greenwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenwich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Rooms
13
Lot
0.46 ac
Current owner
From public records · entity-resolved
Bernic Ent INC
Entity
Mailing address
36 MAPLE PL #2, MANHASSET, NY 11030-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2012
—
Bernic Ent INC
—
Deed Of Trust
related
$6,000,000 · The Bank Of New Cannon
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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