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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Drive through restaurants
14 Old Fulton St, Brooklyn, NY 11201-1323
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-3316408
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1954
Total area
2,016 SF
Lot
0.11 ac (4,939 SF)
Zoning code
M2-1
APN
00200-0006
UPID
US63-3316408
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 Bar at The Brooklyn Ice Cream Factory Bar & Pub
-
Coffee chef cart ( summer only ) Take-out & Catering Cafe & Coffee Shop
-
Brooklyn Ice Cream Factory Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$515k
Owner & transaction history
14-18 Old Fulton Lcc · 10 yrs held
14-18 Old Fulton Lcc
since 2015
6 recorded transactions
Zoning & alternative use
M2-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$455,000
+23.6%
Auto repair, garage
$370,000
+0.8%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$370,000
Current use
RETAIL STORES
$455,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$370,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$255 / 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
$54,938
Tax year 2024
Assessed value
$725,850
Assessed 2024
Previous assessed
$635,850
+14.2% YoY
Effective rate
7.57%
On assessed value
Assessed land
$151,650
Assessed improvement
$574,200
Land market value
$337,000
Improvement market value
$1,276,000
Total market value
$1,613,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1954
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,016 SF
Lot
0.11 ac (4,939 SF)
Zoning code
M2-1
APN
00200-0006
UPID
US63-3316408
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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
RESTAURANT Current
Est. value
$370,000
RETAIL STORES
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$370,000
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1954
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
14-18 Old Fulton Lcc
Individual
Mailing address
129 BOERUM PL, BROOKLYN, NY 11201-7713
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2015
—
14-18 Old Fulton Lcc
Jss Holding Corp
Grant Deed
—
—
—
Jss Holding Corp
—
Loan Modification
related
$45,000 · Frank Defalco
—
—
Hanson Place Props Corp
—
Deed Of Trust
related
$4,500,000 · Titan Cap Id LLC
—
—
Jss Holding Corp
—
Deed Of Trust
related
$250,000 · Jackal Holding Management LLC
—
—
Jss Holding Corp
—
Deed Of Trust
related
$750,000 · Jackal Holding Management LLC
—
—
Jss Holding Corp
—
Deed Of Trust
related
$200,000 · Royal Commercial 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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