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Property profile & analytics
OFF-MARKET
Estimated value
$47,230,000
Office buildings
1300 Flushing Ave 1324, Brooklyn, NY 11237-2303
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-2751928
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
105,289 SF
Lot
0.38 ac (16,745 SF)
Zoning code
M1-1
APN
03169-0017
UPID
US63-2751928
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
$43.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.23M
Owner & transaction history
455 Jefferson Avenue LLC · 6 yrs held
455 Jefferson Avenue LLC
since 2020
Last sale
$44.0M
7 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$59.8M
+3.1%
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
$57,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,700,000
6.5%
$43,105,000
7%
$40,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$57,960,000
Current use
INDUSTRIAL (GENERAL)
$59,760,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$52,770,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$47.23M
Range $42.51M – $51.95M · ±10% · vs last sale $44.00M (Jun 16 2020)
Last sale anchor
$44.00M
Jun 16 2020
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
$449 / 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
$829,325
Tax year 2024
Assessed value
$9,638,100
Assessed 2024
Previous assessed
$8,169,300
+18.0% YoY
Effective rate
8.60%
On assessed value
Assessed land
$339,300
Assessed improvement
$9,298,800
Land market value
$754,000
Improvement market value
$20,664,000
Total market value
$21,418,000
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
1930
Heating
NONE
Buildings
1
Stories
6
Units
36
Total area
105,289 SF
Lot
0.38 ac (16,745 SF)
Zoning code
M1-1
APN
03169-0017
UPID
US63-2751928
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$58.0M
INDUSTRIAL (GENERAL)
Est. value
$59.8M
WAREHOUSE, STORAGE
Est. value
$52.8M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
6
Buildings
1
Units
36
Lot
0.38 ac
Current owner
From public records · entity-resolved
455 Jefferson Avenue LLC
Entity
Mailing address
232 BROADWAY #400, BROOKLYN, NY 11211-6250
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
$44,000,000
455 Jefferson Avenue LLC
1300 Flushing Owner LLC
Grant Deed
$46,800 · Loancore Cap Credit Reit LLC
Jun 16, 2020
—
455 Jefferson Avenue LLC
—
Deed
related
$46,800,000 · Loancore Cap Credit Reit LLC
Mar 6, 2018
—
1300 Flushing Owner LLC
—
Loan Modification, Consolidation And Extension
related
$51,175,000 · Loancore Cap Credit Reit LLC
Oct 1, 2015
$46,040,000
1300 Flushing Owner LLC
Black Street 2010 LLC
Grant Deed
$10,512,437 · Cmtg/cn Lender 1 LLC
Apr 30, 2015
$506,000
Black Street 2010 LLC
Double G LP
Grant Deed
—
Jan 7, 2015
—
Double G 1999 LP
—
Loan Modification, Consolidation And Extension
related
$26,592,000 · Jp Morgan Chase Bk
—
—
G 1999 LP Double
—
Deed Of Trust
related
$18,000,000 · J P Morgan Chase Bank
—
—
455 Jefferson Avenue LLC
—
Loan Modification
related
$46,800,000 · Loancore Cap Credit Reit LLC
—
—
Double G 1999
—
Deed Of Trust
related
$8,475,555 · J P Morgan Chase Bank
—
—
1300 Flushing Owner LLC
—
Deed Of Trust
related
$707,873 · Loancore Cap Credit Reit LLC
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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