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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Office buildings
149 Pioneer St Brooklyn, NY 11231-1263
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3966267
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1866
Total area
29,587 SF
Lot
0.3 ac (13,045 SF)
Zoning code
M2-1
APN
00545-0010
UPID
US63-3966267
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$4.01M
Owner & transaction history
Pioneer & King I LLC · 5 yrs held
Pioneer & King I LLC
since 2020
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
M2-1 · 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
$4,860,000
ML approach
$5,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $3.70M (Sep 10 2020)
Last sale anchor
$3.70M
Sep 10 2020
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
$136 / 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
$184,562
Tax year 2024
Assessed value
$2,195,550
Assessed 2024
Previous assessed
$1,189,350
+84.6% YoY
Effective rate
8.41%
On assessed value
Assessed land
$105,750
Assessed improvement
$2,089,800
Land market value
$235,000
Improvement market value
$4,644,000
Total market value
$4,879,000
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
1866
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
29,587 SF
Lot
0.3 ac (13,045 SF)
Zoning code
M2-1
APN
00545-0010
UPID
US63-3966267
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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
1866
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Pioneer & King I LLC
Entity
Mailing address
159 PIONEER ST, BROOKLYN, NY 11231-1263
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
New York Business Development Corpo
—
Deed
related
—
Jun 1, 2023
—
Pioneer & King I LLC
—
Deed
related
$4,689,000 · Nonprofit Finanace Fund
Nov 16, 2020
—
Pioneer & King I LLC
—
Deed
related
$4,000,000 · Pursuit Bdc
Sep 10, 2020
—
Pioneer & King I LLC
Pioneer Works Art Foundation
Quit Claim Deed
$4,000,000 · Pioneer & King LLC
Sep 10, 2020
$10,000,000
Pioneer Works Art Foundation
Pioneer & King LLC
Grant Deed
$1,621,539 · Pioneer & King LLC
Mar 28, 2017
—
Pioneer & King LLC
—
Loan Modification
related
$2,583,000 · City Nat'l Bk
Jun 20, 2011
$3,700,000
Pioneer & King LLC
158 King Street Associates LLC
Grant Deed
$2,700,000 · Private Bk/ca
May 25, 2010
—
158 King Street Associates LLC
158 King Street Associates
Quit Claim Deed
related
—
—
—
Pioneer & King I LLC
—
Loan Modification
related
$4,000,000 · Pursuit Bdc
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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