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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office buildings
142 22nd St Brooklyn, NY 11232-1106
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-6266965
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1958
Total area
5,150 SF
Lot
0.06 ac (2,504 SF)
Zoning code
M12D
APN
00645-0019
UPID
US63-6266965
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
-
Signal Restoration Services Construction Company General Contractor
-
Unico Fireproofing Production Facility Security Service
-
Degmor Environmental Services Environmental Consultant
-
First Response Exterminating Hardware & Home Improvement
-
Tradition Choice Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.33M
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$3.26M
Owner & transaction history
Mcr Realty Property LLC · 3 yrs held
Mcr Realty Property LLC
since 2022
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
M12D · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+44.3%
Retail stores
$4.0M
+39.9%
Industrial (general)
$2.9M
+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
$3,310,000
ML approach
$3,325,000
CAP Approach
CAP Return
Estimation
6%
$2,285,000
6.5%
$2,110,000
7%
$1,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,835,000
Current use
AUTO REPAIR, GARAGE
$4,090,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$3,965,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,925,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,465,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $3.20M (Nov 28 2022)
Last sale anchor
$3.20M
Nov 28 2022
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
$633 / 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
$31,811
Tax year 2024
Assessed value
$338,850
Assessed 2024
Previous assessed
$293,400
+15.5% YoY
Effective rate
9.39%
On assessed value
Assessed land
$45,000
Assessed improvement
$293,850
Land market value
$100,000
Improvement market value
$653,000
Total market value
$753,000
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
1958
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
5,150 SF
Lot
0.06 ac (2,504 SF)
Zoning code
M12D
APN
00645-0019
UPID
US63-6266965
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12D · Brooklyn, NY
Zoning M12D · permitted uses
M12D · 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
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1958
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Mcr Realty Property LLC
Entity
Mailing address
212 CARNEGIE CTR STE #202, PRINCETON, NJ 08540-6236
Ownership since
2022
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
Nov 28, 2022
$3,200,000
Mcr Realty Property LLC
142 22nd LLC
Deed
$2,080,000 · New Millennium Bank
Jun 12, 2018
—
142 22nd LLC
—
Deed
related
$2,200,000 · Vnb New York LLC
Nov 30, 2017
$2,725,000
142 22nd LLC
Gateway Builders Realty INC
Grant Deed
—
Apr 5, 2006
—
Gateway Builders Realty INC
—
Trustees Deed
related
$300,000 · 22nd Street Funding Associates
Jan 26, 2006
$525,000
Gateway Builders Realty INC
Frenkel,harry & Sandy
Grant Deed
$400,000 · Titan-lb LLC
—
—
Gateway Builders Rlty INC
—
Deed Of Trust
related
$1,200,000 · Silver Hill Financial LLC
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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