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Property profile & analytics
OFF-MARKET
Estimated value
$41,150,000
Banks
14 53rd St Brooklyn, NY 11232-2608
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0186658
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1918
Total area
382,080 SF
Lot
2.59 ac (112,646 SF)
Zoning code
M3-1
APN
00803-0192
UPID
US63-0186658
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
-
The Whale Building Corporate Office
-
Brooklyn City F.C. Sports School Sports Field & Court
-
Dr. Johnny M. Jamal, DDS Physician
-
Partial Dentures Brooklyn Dental Office
-
Dr. Beau M. Mathew, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.15M
Owner & transaction history
14 53rd Street LLC · 2 yrs held
14 53rd Street LLC
since 2023
Last sale
$41.2M
7 recorded transactions
Zoning & alternative use
M3-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$68.0M
+1,819.0%
Auto repair, garage
$55.6M
+1,467.2%
Commercial (general)
$36.9M
+941.0%
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
$41,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$68,040,000
Change: +1,819% · Conversion: Difficult
AUTO REPAIR, GARAGE
$55,570,000
Change: +1,467% · Conversion: Difficult
COMMERCIAL (GENERAL)
$36,910,000
Change: +941% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$29,835,000
Change: +741% · Conversion: Difficult
WAREHOUSE, STORAGE
$27,285,000
Change: +670% · Conversion: Difficult
Blend value · Realmo final
$41.15M
Range $37.04M – $45.27M · ±10% · vs last sale $41.18M (Sep 12 2023)
Last sale anchor
$41.18M
Sep 12 2023
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
$108 / 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
$1,600,223
Tax year 2024
Assessed value
$15,107,850
Assessed 2024
Previous assessed
$18,526,950
-18.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,142,100
Assessed improvement
$13,965,750
Land market value
$2,538,000
Improvement market value
$31,035,000
Total market value
$33,573,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1918
Heating
NONE
Buildings
1
Stories
7
Units
4
Total area
382,080 SF
Lot
2.59 ac (112,646 SF)
Zoning code
M3-1
APN
00803-0192
UPID
US63-0186658
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NY
Zoning M3-1 · permitted uses
M3-1 · 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
RETAIL STORES
Est. value
$68.0M
AUTO REPAIR, GARAGE
Est. value
$55.6M
COMMERCIAL (GENERAL)
Est. value
$36.9M
INDUSTRIAL (GENERAL)
Est. value
$29.8M
WAREHOUSE, STORAGE
Est. value
$27.3M
RETAIL STORES
AUTO REPAIR, GARAGE
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
1918
Heating
NONE
Stories
7
Buildings
1
Units
4
Lot
2.59 ac
Current owner
From public records · entity-resolved
14 53rd Street LLC
Entity
Mailing address
545 5TH AVE STE #1209, NEW YORK, NY 10017-3609
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
14 53 Owner LLC
—
Deed
related
$2,490,361 · Areit 2 Wh Ms LLC
Sep 12, 2023
$41,181,000
14 53rd Street LLC
Onh 14 53rd St Mezz LLC
Deed
—
Sep 7, 2023
—
14 53 Owner LLC
Onh 14 53rd St LLC
Deed
$6,700,000 · Argentic Real Estate Investment 2 L
Oct 19, 2020
$84,089,050
Ohn 14 53rd St LLC
14 53rd Street Owner LLC
Deed
$2,251,574 · Tpg Re Finance 2, Ltd
Oct 19, 2020
—
Onh 14 53rd St LLC
—
Deed
related
$21,400,165 · Tpg Re Fin 2 Ltd
Mar 15, 2018
—
14 53rd Street Owner LLC
—
Grant Deed
related
$11,420,715 · Tpg Re Fin 2 Ltd
Aug 26, 2015
$82,500,000
14 53rd Street Owner LLC
Brickell 13 Whale LLC
Deed
$23,760,747 · Deutsche Bank Ag, New York Branch
Sep 26, 2011
$25,378,125
Sl Whale Realty LLC
Whale Realty LLC
Grant Deed
—
Sep 26, 2011
—
Brickell 13 Whale LLC
—
Deed Of Trust
related
$22,000,000 · Doral Money INC
Sep 15, 2009
—
Whale Realty LLC
—
Deed Of Trust
related
$2,000,000 · Doral Money INC
Jul 30, 2008
—
Whale Realty LLC
—
Deed Of Trust
related
$23,000,000 · Doral Money INC
Oct 27, 2006
$28,000,000
Whale Realty LLC
Elul Realty Corp
Grant Deed
related
$14,612,905 · Rcg Longview II LP
Apr 12, 2006
—
Elul Realty Corp
—
Trustees Deed
related
$2,100,000 · Elmar Associates LLC
—
—
591 Park Realty LLC
—
Deed Of Trust
related
$4,000,000 · Doral Money INC
—
—
Nissan Perla
—
Deed Of Trust
related
$22,740,401 · Doral Money INC
—
—
285 Madison Realty LLC
—
Deed Of Trust
related
$400,000 · Doral Bank
—
—
Lw LP Acquisition LLC
—
Deed Of Trust
related
—
—
—
Onh 14 53rd St LLC
—
Loan Modification
related
$21,400,165 · Tpg Re Fin 2 Ltd
—
—
Nissan Perla
—
Deed Of Trust
related
$2,000,000 · Doral Money INC
—
—
Onh 14 53rd St LLC
—
Loan Modification
related
$56,408,228 · Tpg Re Fin 2 Ltd
—
—
Onh 14 53rd St LLC
—
Loan Modification
related
$11,091,605 · Tpg Re Fin 2 Ltd
—
—
14 53rd Street Owner LLC
—
Deed Of Trust
related
$4,439,257 · Tpg Re Fin 2 Ltd
—
—
14 53rd Street Owner LLC
—
Loan Modification, Consolidation And Extension
related
$44,987,000 · Deutsche Bk Ag/ny Branch
—
—
Whale Realty LLC
—
Deed Of Trust
related
$10,000,000 · Abn Amro Bank Nv
—
—
Whale Realty LLC
—
Deed Of Trust
related
$2,000,000 · Doral Money INC
—
—
591 Park Realty LLC
—
Deed Of Trust
related
$1,600,000 · Doral Bank
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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