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Property profile & analytics
OFF-MARKET
Estimated value
$10,985,000
Warehouses
1490 Mcdonald Ave Brooklyn, NY 11230
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1656892
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1928
Total area
29,550 SF
Lot
0.64 ac (27,911 SF)
Zoning code
C8-2
APN
05495-0601
UPID
US63-1656892
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
$8.72M
CAP Approach
CAP
$9.82M
Comparable Approach
Comparable
$9.05M
Blend (final)
Blend
$10.99M
Owner & transaction history
1490 Mcdonald LLC · 4 yrs held
1490 Mcdonald LLC
since 2022
Last sale
$13.0M
4 recorded transactions
Zoning & alternative use
C8-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$16.8M
+13.3%
Office building
$16.3M
+9.8%
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
$12,315,000
ML approach
$8,715,000
CAP Approach
CAP Return
Estimation
6%
$10,640,000
6.5%
$9,820,000
7%
$9,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,810,000
Current use
INDUSTRIAL (GENERAL)
$16,770,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$16,265,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,830,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$10.99M
Range $9.89M – $12.08M · ±10% · vs last sale $13.00M (Jan 11 2022)
Last sale anchor
$13.00M
Jan 11 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
$372 / 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
$103,831
Tax year 2024
Assessed value
$1,118,700
Assessed 2024
Previous assessed
$1,055,700
+6.0% YoY
Effective rate
9.28%
On assessed value
Assessed land
$376,650
Assessed improvement
$742,050
Land market value
$837,000
Improvement market value
$1,649,000
Total market value
$2,486,000
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
1928
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
29,550 SF
Lot
0.64 ac (27,911 SF)
Zoning code
C8-2
APN
05495-0601
UPID
US63-1656892
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-2 · Brooklyn, NY
Zoning C8-2 · permitted uses
C8-2 · 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
$14.8M
INDUSTRIAL (GENERAL)
Est. value
$16.8M
OFFICE BUILDING
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$12.8M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1928
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
1490 Mcdonald LLC
Entity
Mailing address
266 BROADWAY STE #403, BROOKLYN, NY 11211-6499
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
1490 Mcdonald LLC
—
Deed
related
$9,100,000 · Metropolitan Commercial Bank
Jan 11, 2022
$13,000,000
1490 Mcdonald LLC
Mm Ah2, LLC
Deed
—
Nov 7, 2012
—
Mmah2 LLC
Richard Rosenthal & Jean Rosen
Grant Deed
—
—
—
Richard Rosenthal
—
Deed Of Trust
related
$350,000 · Atlantic Liberty Savings Fa
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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