Realmo Analytics

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Property profile

1275 Broadway Brooklyn, NY 11221

OFF-MARKET
Retail space
Property ID
US63-0849105
10,000 SF 0.26 ac lot Built 1919
Last sale May 2022 · $6,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

1275 Broadway comprises an existing one-story retail building and is delivered with approved plans for redevelopment into a 14-story mixed-use hotel and residential project. The approved program calls for a 35-key hotel on floors one through five and 32 rental apartments on floors six through 14, with lower-level parking for 22 cars and 20 bicycles. The lot provides nearly 40 feet of frontage on Broadway and extends block-through to Goodwin Place for additional frontage of 53+ feet. The property is located in a C4-3 zoning district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$63k
Tax billed · 2024
Assessed value$599k
Assessed land$376k
Assessed improvement$223k
Effective rate10.59%

Value estimate

· Nov 2026
$6.19M
$5.57M – $6.80M
AI approach$6.20M
CAP approach$7.38M
Submarket $/SF estimate$6.31M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$770/SF
Submarket average, outlier-cleaned · 291 recorded sales of this use type
Observed band · Q1–Q3$457 – $1,224
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C4-3
This district comprise the City major and secondary shopping and business centers, which provide for shopping needs and services over a w...
General categoryCOMMERCIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm144.2
Realty agency76.7
Parking Facility43.1

Location

1275 Broadway Brooklyn, NY 11221-2908
County assessor Recorded deeds · 9 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1115 Broadway, Brooklyn, NY 11221-3015 $1,700,000 Nov 2025 No data
512 Throop, Brooklyn, NY 11221-1134 $300,000 May 2023 460 SF
510 Throop, Brooklyn, NY 11221-1134 $300,000 May 2023 460 SF
2 Ralph, Brooklyn, NY 11221-3614 $750,000 Dec 2019 3,000 SF
85 Suydam, Brooklyn, NY 11221-2707 $900,000 Aug 2019 1,607 SF
1189 Gates, Brooklyn, NY 11221-4601 $900,000 Nov 2018 1,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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