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Property profile & analytics
FOR LEASE
Office buildings
141 Willoughby St Brooklyn, NY 11201
Entity Owned
~
Est. High Equity
Property ID
US63-5717768
For Lease
1 / 2
Contact for pricing
141 Willoughby St, Brooklyn, NY 11201
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2020
Total area
343,701 SF
Lot
0.41 ac (18,026 SF)
Zoning code
C6-6
APN
02060-0001
UPID
US63-5717768
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
-
Arch Meetings & Events- 141 Willoughby Street Hotel & Motel Resort
-
Holt Rehabilitation Information Crisis Center Medical Clinic
-
Institute of Design & Construction College Non-Profit Organization
-
141 Willoughby Offices Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$136.70M
Owner & transaction history
141 Willoughby Fee Owner LLC
141 Willoughby Fee Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
C6-6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$222.5M
+17.6%
Industrial (general)
$195.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$189,200,000
Current use
APARTMENT HOUSE (5+ UNITS)
$222,470,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$195,080,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$172,255,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$136.70M
Range $123.03M – $150.37M · ±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
$398 / 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
$4,285,194
Tax year 2024
Assessed value
$47,382,750
Assessed 2024
Previous assessed
$29,871,450
+58.6% YoY
Effective rate
9.04%
On assessed value
Assessed land
$2,149,650
Assessed improvement
$45,233,100
Land market value
$4,777,000
Improvement market value
$100,518,000
Total market value
$105,295,000
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
For Lease
Year built
2020
Heating
NONE
Buildings
1
Stories
24
Units
2
Total area
343,701 SF
Lot
0.41 ac (18,026 SF)
Zoning code
C6-6
APN
02060-0001
UPID
US63-5717768
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · Brooklyn, NY
Zoning C6-6 · permitted uses
C6-6 · 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
$189.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$222.5M
INDUSTRIAL (GENERAL)
Est. value
$195.1M
WAREHOUSE, STORAGE
Est. value
$172.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
2020
Heating
NONE
Stories
24
Buildings
1
Units
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
141 Willoughby Fee Owner LLC
Entity
Mailing address
430 PARK AVE FL #12, NEW YORK, NY 10022-3505
Ownership since
2025
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
Aug 19, 2025
—
141 Willoughby Fee Owner LLC
141 Willoughby Property Investors L
Deed
$70,000,000 · Corebridge Institutional Investment
Aug 6, 2025
$86,021,134
Cb 141 Willoughby Owner LLC
141 Willoughby Mezz Sub, LLC
Deed
—
May 25, 2021
—
141 Willoughby Property Investors,
—
Deed
related
$96,377,665 · Pcred Lending Vii LLC
Jul 2, 2019
$100,000,000
141 Willoughby Prop Invtrs LLC
385 Gold Prop Invtrs Iia LLC
Grant Deed
—
Feb 15, 2019
—
385 Gold Prop Invtrs Iia LLC
—
Loan Modification
related
$34,000,000 · Axos Bk
Jan 26, 2018
—
385 Gold Prop Invtrs Iia LLC
—
Loan Modification, Consolidation And Extension
related
$33,000,000 · Bofi Fed'l Bk
Jan 20, 2017
—
385 Gold Prop Invtrs Iia LLC
—
Loan Modification
related
$29,670,000 · Pembrook Willoughby Street Cap
Jan 29, 2014
$28,000,000
385 Gold Prop Invtrs Iia LLC
Institute Of Design & Const INC
Trustees Deed
$21,835,000 · Pembrook Willoughby Street Cap
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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