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Property profile & analytics
OFF-MARKET
Estimated value
$9,145,000
Office buildings
1401 Sheepshead Bay Rd 1411 Brooklyn, NY 11235-3813
Entity Owned
22-yr Hold
Free & Clear
Property ID
US63-1069791
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Total area
39,026 SF
Lot
0.15 ac (6,749 SF)
Zoning code
C4-2
APN
07459-0001
UPID
US63-1069791
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
-
Epeventsdecor Event Planning Wedding Service
-
Best Exotic Jewelry SWAROVSKI-PANDORA (Bike/Boat/Book/etc) Store
-
SWAROVSKI-PANDORA (Bike/Boat/Book/etc) Store
-
Pandora Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.15M
Owner & transaction history
1401 Bay LLC · 22 yrs held
1401 Bay LLC
since 2004
7 recorded transactions
Zoning & alternative use
C4-2 · 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
$234 / 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
$100,223
Tax year 2024
Assessed value
$2,585,250
Assessed 2024
Previous assessed
$2,641,050
-2.1% YoY
Effective rate
3.88%
On assessed value
Assessed land
$151,650
Assessed improvement
$2,433,600
Land market value
$337,000
Improvement market value
$5,408,000
Total market value
$5,745,000
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
2004
Heating
NONE
Buildings
1
Stories
5
Units
38
Total area
39,026 SF
Lot
0.15 ac (6,749 SF)
Zoning code
C4-2
APN
07459-0001
UPID
US63-1069791
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Brooklyn, NY
Zoning C4-2 · permitted uses
C4-2 · 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
2004
Heating
NONE
Stories
5
Buildings
1
Units
38
Lot
0.15 ac
Current owner
From public records · entity-resolved
1401 Bay LLC
Entity
Free & Clear · 22 yrs held
Mailing address
2063 HOMECREST AVE, BROOKLYN, NY 11229-2711
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
1401 Bay, LLC
—
Deed
related
$241,205 · Bank Of America, N.a
Mar 10, 2017
—
1401 Bay LLC
—
Loan Modification, Consolidation And Extension
related
$9,650,000 · Td Bk NA
Feb 13, 2012
—
1401 Bay LLC
—
Grant Deed
related
$9,000,000 · Peoples United Bank
Sep 28, 2011
—
1401 Bay LLC
—
Trustees Deed
related
$3,030,000 · Santorini Equities INC
Feb 14, 2005
—
1401 Bay LLC
—
Trustees Deed
related
$4,680,000 · Marathon National Bank
Mar 15, 2004
—
1401 Bay LLC
Krasanakis,babis & Josephine M
Grant Deed
related
—
—
—
1401 Bay LLC
—
Deed Of Trust
related
$3,639,532 · Marathon National Bank
—
—
1401 Bay LLC
—
Deed Of Trust
related
$1,184,722 · Peoples United 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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