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Property profile & analytics
OFF-MARKET
Estimated value
$4,740,000
Investment properties
1290 Fulton St Brooklyn, NY 11216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2071215
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1910
Total area
8,037 SF
Lot
0.14 ac (6,037 SF)
Zoning code
C45D
APN
01861-0005
UPID
US63-2071215
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
-
Soul Focus Media Wedding Service Photography Service
-
The smoke box (Bike/Boat/Book/etc) Store
-
30 Minute Hit Gym & Fitness Center
-
The Dermatology Specialists-Bed Stuy Physician Medical Clinic
-
375° Chicken 'n Fries Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$4.74M
Owner & transaction history
1290 Fulton Realty LLC · 4 yrs held
1290 Fulton Realty LLC
since 2022
Last sale
$4.7M
3 recorded transactions
Zoning & alternative use
C45D · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+79.1%
Retail stores
$6.2M
+73.6%
Industrial (general)
$4.6M
+28.0%
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
$4,915,000
ML approach
$4,890,000
CAP Approach
CAP Return
Estimation
6%
$4,860,000
6.5%
$4,490,000
7%
$4,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,565,000
Current use
AUTO REPAIR, GARAGE
$6,385,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$6,190,000
Change: +74% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,560,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$4,425,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$4,030,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$4.74M
Range $4.27M – $5.21M · ±10% · vs last sale $4.70M (Jan 3 2022)
Last sale anchor
$4.70M
Jan 3 2022
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
$590 / 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
$45,271
Tax year 2024
Assessed value
$437,400
Assessed 2024
Previous assessed
$477,900
-8.5% YoY
Effective rate
10.35%
On assessed value
Assessed land
$190,350
Assessed improvement
$247,050
Land market value
$423,000
Improvement market value
$549,000
Total market value
$972,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
4
Stories
2
Units
3
Total area
8,037 SF
Lot
0.14 ac (6,037 SF)
Zoning code
C45D
APN
01861-0005
UPID
US63-2071215
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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1910
Heating
NONE
Stories
2
Buildings
4
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
1290 Fulton Realty LLC
Entity
Mailing address
320 ROEBLING ST #406, BROOKLYN, NY 11211-6651
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
1290 Fulton Realty LLC
—
Deed
related
$2,950,000 · Starwood Mortgage Capital LLC
Jan 3, 2022
$4,700,000
1290 Fulton Realty LLC
Gorhar Realty Corp.
Deed
$3,500,000 · 1290 Fulton Funding L.p.
—
—
Gorhar Realty Corp
—
Deed Of Trust
related
$800,000 · Vnb New York Corp
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.
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