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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Warehouses
1462 Schenectady Ave 1468 Brooklyn, NY 11203-6534
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2915151
Property summary
AI-generated overview
This exceptional industrial property, located at 1462 Schenectady Avenue in Brooklyn, New York, offers two warehouse spaces ideal for immediate occupancy. Each unit boasts a generous 2,920 square feet of space, totaling 5,840 square feet across the entire building. The single-story building features a desirable 14-foot ceiling height, providing ample vertical storage capacity. Convenient access is ensured with two drive-in doors, streamlining loading and unloading operations. The property is zoned M1-1, offering flexibility for a variety of industrial uses. The property's address is 1462 Schenectady Avenue, Brooklyn, NY 11203, situated in Kings County. The property's APN is 5023-11. Currently, the entire 5,840 square feet is vacant and ready for immediate use. This presents a unique opportunity for businesses seeking efficient and well-located warehouse space in a thriving Brooklyn neighborhood. The property is currently configured as two separate suites, each offering 2,920 square feet, providing flexibility for single or multiple tenants. This is a rare opportunity to secure prime warehouse space in a highly sought-after location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
5,840 SF
Lot
0.13 ac (5,840 SF)
Zoning code
M1-1
APN
05023-0011
UPID
US63-2915151
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
-
Schenectady Storage Facility Storage Facility
-
Rosen Plastering Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$1.77M
Owner & transaction history
Markland Schenectady LLC · 2 yrs held
Markland Schenectady LLC
since 2024
Last sale
$1.8M
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
$1,770,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,925,000
Current use
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.77M (Apr 16 2024)
Last sale anchor
$1.77M
Apr 16 2024
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
$303 / 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
$23,870
Tax year 2024
Assessed value
$233,550
Assessed 2024
Previous assessed
$230,850
+1.2% YoY
Effective rate
10.22%
On assessed value
Assessed land
$105,300
Assessed improvement
$128,250
Land market value
$234,000
Improvement market value
$285,000
Total market value
$519,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
5,840 SF
Lot
0.13 ac (5,840 SF)
Zoning code
M1-1
APN
05023-0011
UPID
US63-2915151
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
WAREHOUSE, STORAGE Current
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
1960
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Markland Schenectady LLC
Entity
Mailing address
12 LAWRENCE AVE, BROOKLYN, NY 11230-1002
Ownership since
2024
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
Apr 16, 2024
$1,770,000
Markland Schenectady LLC
1462 Schenectady LLC
Deed
$900,000 · Flushing Bank
Apr 23, 2010
—
1462 Schenectady LLC
Rosen,jerome
Grant Deed
—
Mar 18, 2009
—
Jerome Rosen
Sharpe,pamela
Trustees Deed
—
Dec 28, 2004
—
Irwin Rosen
Rosen Properties
Quit Claim Deed
related
—
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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