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Property profile & analytics
OFF-MARKET
Estimated value
$9,745,000
Retail residential properties
1247-1249 Atlantic Ave Brooklyn, NY 11216
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-1117675
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2016
Total area
33,599 SF
Lot
0.15 ac (6,642 SF)
Zoning code
C45D
APN
01867-0088
UPID
US63-1117675
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.75M
Owner & transaction history
1247 M & F Management LLC · 9 yrs held
1247 M & F Management LLC
since 2016
5 recorded transactions
Zoning & alternative use
C45D · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,905,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,215,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$9.75M
Range $8.77M – $10.72M · ±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
$290 / 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
$20,358
Tax year 2024
Assessed value
$2,330,100
Assessed 2024
Previous assessed
$2,560,050
-9.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$358,650
Assessed improvement
$1,971,450
Land market value
$797,000
Improvement market value
$4,381,000
Total market value
$5,178,000
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
2016
Heating
NONE
Buildings
1
Stories
10
Units
44
Total area
33,599 SF
Lot
0.15 ac (6,642 SF)
Zoning code
C45D
APN
01867-0088
UPID
US63-1117675
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C45D · Brooklyn, NY
Zoning C45D · permitted uses
C45D · 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
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2016
Heating
NONE
Stories
10
Buildings
1
Units
44
Lot
0.15 ac
Current owner
From public records · entity-resolved
1247 M & F Management LLC
Entity
Mailing address
199 LEE AVE #1578, BROOKLYN, NY 11211-8919
Ownership since
2016
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
Aug 9, 2016
$9,000,000
1247 M & F Management LLC
1247-1253 Investors LLC
Grant Deed
$1,557,637 · Banco Popular
Jan 13, 2015
$3,550,000
1247-1253 Investors LLC
Graham,vilma
Grant Deed
$2,442,362 · Vilma Graham
Aug 26, 2009
—
Vilma Graham
Graham,noel G
Quit Claim Deed
related
—
—
—
1247 M & F Management LLC
—
Loan Modification
related
$6,400,000 · Popular Bk
—
—
1247 M & F Management LLC
—
Loan Modification, Consolidation And Extension
related
$4,000,000 · Banco Popular
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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