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Property profile & analytics
OFF-MARKET
Hotels
140 Schermerhorn St HOTEL, Brooklyn, NY 11201-5987
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5333548
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Total area
130,677 SF
Lot
0.63 ac (27,582 SF)
Zoning code
C6-1
APN
00170-1001
UPID
US63-5333548
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
-
BKG Coffee Roasters at Hilton Brooklyn Cafe & Coffee Shop
-
Dr. Janice Jawon Hwang, DDS Dental Office
-
Black Walnut Restaurant
-
Hilton Brooklyn New York Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hb Propco LLC · 2 yrs held
Hb Propco LLC
since 2023
Last sale
$97.5M
4 recorded transactions
Zoning & alternative use
C6-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,488,667
Tax year 2024
Assessed value
$14,318,550
Assessed 2024
Previous assessed
$13,446,077
+6.5% YoY
Effective rate
10.40%
On assessed value
Assessed land
$538,493
Assessed improvement
$13,780,057
Land market value
$1,196,651
Improvement market value
$30,622,349
Total market value
$31,819,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
1
Stories
20
Units
1
Total area
130,677 SF
Lot
0.63 ac (27,582 SF)
Zoning code
C6-1
APN
00170-1001
UPID
US63-5333548
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-1 · Brooklyn, NY
Zoning C6-1 · permitted uses
C6-1 · 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.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
20
Buildings
1
Units
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Hb Propco LLC
Entity
Mailing address
401 CONGRESS AVE #2570, AUSTIN, TX 78701-4071
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Hb Opco LLC
—
Deed
related
$13,179,000 · Deutsche Bank Ag, New York Branch
May 16, 2025
—
Hb Opco LLC
—
Deed
related
$13,179,000 · Deutshe Bank Ag, New York Branch
Dec 5, 2023
$97,500,000
Hb Propco LLC
140 Schermerhorn Street Property Ow
Deed
$6,586,000 · Deutsche Bank Ag, New York Branch
Feb 25, 2022
—
140 Schermerhorn Street Property Ow
—
Deed
related
$2,500,001 · Jpmorgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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