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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Apartment buildings
132 Herkimer St, Brooklyn, NY 11216-2844
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-6096602
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1905
Total area
20,180 SF
Lot
0.16 ac (6,973 SF)
Zoning code
R6B
APN
01867-0021
UPID
US63-6096602
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
-
Lexux Home Improvement Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.64M
Owner & transaction history
Gmc Iris LLC · 8 yrs held
Gmc Iris LLC
since 2018
7 recorded transactions
Zoning & alternative use
R6B · 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
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±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
$180 / 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
$27,454
Tax year 2024
Assessed value
$219,600
Assessed 2024
Previous assessed
$209,250
+4.9% YoY
Effective rate
12.50%
On assessed value
Assessed land
$78,300
Assessed improvement
$141,300
Land market value
$174,000
Improvement market value
$314,000
Total market value
$488,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1905
Heating
NONE
Buildings
1
Stories
4
Units
16
Total area
20,180 SF
Lot
0.16 ac (6,973 SF)
Zoning code
R6B
APN
01867-0021
UPID
US63-6096602
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NY
Zoning R6B · permitted uses
R6B · 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.
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Stories
4
Buildings
1
Units
16
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gmc Iris LLC
Entity
Free & Clear · 8 yrs held
Mailing address
459 COLUMBUS AVE #700, NEW YORK, NY 10024-5129
Ownership since
2018
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
Feb 9, 2018
—
Gmc Iris LLC
Ny Affordable Hsng Herkimer As
Quit Claim Deed
—
Oct 27, 2015
—
Ny Affordable Hsng Herkimer As
954 Con LLC
Quit Claim Deed
—
Dec 29, 2005
$689,798
954 Con LLC
Ny Affordable Hsng Herkimer
Grant Deed
—
Dec 28, 2005
$3,341,227
West 126th Street Assocs 68
Ny Affordable Hsng Herkimer
Grant Deed
—
Apr 19, 2004
—
Carolyn Cashwell
Phillips,john L
Grant Deed
related
—
Mar 7, 2001
—
John L Phillips
Mason,james L
Grant Deed
related
—
—
—
954 Con LLC
—
Deed Of Trust
related
$747,500 · New York Cmnty Bk
—
—
New York Affordable Hsng Herki
—
Deed Of Trust
related
—
—
—
954 Con LLC
—
Loan Modification
related
$694,783 · Rds Herkimer LLC
—
—
New York Affordable Hsng Herki
—
Deed Of Trust
related
$780,189 · New York City (ny)
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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