New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Office buildings
14-16 Powers St Brooklyn, NY 11211
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2724351
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Total area
11,025 SF
Lot
0.12 ac (5,150 SF)
Zoning code
R6B
APN
02779-0006
UPID
US63-2724351
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
$5.01M
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$5.01M
Owner & transaction history
16 Powers Street LLC · 1 yrs held
16 Powers Street LLC
since 2024
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
R6B · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.4M
+22.2%
Industrial (general)
$6.3M
+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
$5,010,000
ML approach
$5,010,000
CAP Approach
CAP Return
Estimation
6%
$4,890,000
6.5%
$4,515,000
7%
$4,190,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,070,000
Current use
COMMERCIAL (GENERAL)
$7,420,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,260,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,525,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±10% · vs last sale $5.01M (Jul 30 2024)
Last sale anchor
$5.01M
Jul 30 2024
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
$454 / 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
$72,659
Tax year 2024
Assessed value
$821,250
Assessed 2024
Previous assessed
$762,300
+7.7% YoY
Effective rate
8.85%
On assessed value
Assessed land
$92,700
Assessed improvement
$728,550
Land market value
$206,000
Improvement market value
$1,619,000
Total market value
$1,825,000
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
1920
Heating
NONE
Buildings
2
Stories
2
Units
5
Total area
11,025 SF
Lot
0.12 ac (5,150 SF)
Zoning code
R6B
APN
02779-0006
UPID
US63-2724351
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1920
Heating
NONE
Stories
2
Buildings
2
Units
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
16 Powers Street LLC
Entity
Mailing address
14 POWERS ST APT 6B, BROOKLYN, NY 11211-3515
Ownership since
2024
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
Jul 30, 2024
$5,010,000
16 Powers Street LLC
Agnes Mullaney
Deed
—
Jul 30, 2024
—
Agnes Mullaney
Agnes Mullaney
Intrafamily Transfer
related
—
Mar 4, 1997
$172,000
Oliver Straus
Todd,robert C
Grant Deed
$147,000 · Seller
—
—
Straus,oliver
—
Loan Modification, Consolidation And Extension
related
$495,000 · Bcb Cmnty Bk
—
—
Straus,oliver
—
Deed Of Trust
related
$251,003 · Bcb Cmnty Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14-16 Powers St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
