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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Office buildings
1414 Utica Ave Brooklyn, NY 11203-6616
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-5871554
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1931
Total area
9,685 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-1
APN
04784-0035
UPID
US63-5871554
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
-
Tri-Borough Home Care Home Health Care Service
-
Family Care Certified Services, Division of Triborough Certified Health Services of New York, LLC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.10M
Owner & transaction history
1177 Utica Corp. · 4 yrs held
1177 Utica Corp.
since 2021
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
M1-1 · 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
Method
Estimation
Statistic approach
$2,270,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.05M (Sep 8 2021)
Last sale anchor
$2.05M
Sep 8 2021
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
$217 / 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
$79,004
Tax year 2024
Assessed value
$923,850
Assessed 2024
Previous assessed
$790,650
+16.8% YoY
Effective rate
8.55%
On assessed value
Assessed land
$90,000
Assessed improvement
$833,850
Land market value
$200,000
Improvement market value
$1,853,000
Total market value
$2,053,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
9,685 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-1
APN
04784-0035
UPID
US63-5871554
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1931
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
1177 Utica Corp.
Entity
Free & Clear · 4 yrs held
Mailing address
12 LAWRENCE AVE, BROOKLYN, NY 11230-1002
Ownership since
2021
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
Sep 8, 2021
$2,050,000
1177 Utica Corp.
1414 Utica Avenue Lender LLC, As Pl
Deed
—
Jan 13, 2010
$2,350,000
Cort & Medas Associates LLC
Yr Real Estate Holdings LLC
Deed
$1,132,000 · Empire State Certified Development
Jul 9, 2008
$2,100,000
Yr Real Estate Holdings LLC
Fae Holdings 35671or LLC
Grant Deed
—
Apr 11, 2005
$795,000
Fae Holdings 356710r LLC
Enfel Associates INC
Grant Deed
—
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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