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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Investment properties
1501-1503 Broadway Brooklyn, NY 11221
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-5704977
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Total area
8,500 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R6
APN
03380-0003
UPID
US63-5704977
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.13M
Owner & transaction history
Sag Cornelia LLC · 7 yrs held
Sag Cornelia LLC
since 2018
7 recorded transactions
Zoning & alternative use
R6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,060,000
Current use
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10%
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
$251 / 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
$24,941
Tax year 2024
Assessed value
$418,050
Assessed 2024
Previous assessed
$387,900
+7.8% YoY
Effective rate
5.97%
On assessed value
Assessed land
$216,900
Assessed improvement
$201,150
Land market value
$482,000
Improvement market value
$447,000
Total market value
$929,000
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
4
Units
5
Total area
8,500 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R6
APN
03380-0003
UPID
US63-5704977
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
COMMERCIAL (GENERAL) 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
1915
Heating
NONE
Stories
4
Buildings
1
Units
5
Lot
0.05 ac
Current owner
From public records · entity-resolved
Sag Cornelia LLC
Entity
Mailing address
6131 156TH ST, FLUSHING, NY 11367-1238
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
Sag Cornelia, LLC
—
Deed
related
$96,801 · Ridgewood Savings Bank
Oct 17, 2018
$2,200,000
Sag Cornelia LLC
1501 Broadway Management LLC
Deed
$315,695 · Td Bank, N.a.
Oct 17, 2018
—
Sag Cornelia LLC
—
Deed
related
$1,250,000 · Td Bk NA
Aug 3, 2012
—
1501 Broadway Owners LLC
Cosgriff,william
Grant Deed
$120,380 · Everbank
Feb 28, 2007
$900,000
William Cosgriff
Class,hector SR
Grant Deed
$675,000 · Flushing Savings Bank
Apr 19, 2005
—
Hector L Class SR.
Class,sr Hector L
Quit Claim Deed
related
—
Apr 6, 2000
$115,000
1501 Broadway Realty Co LLC
Ordonez,rosa
Grant Deed
$35,000 · Seller
—
—
1501 Broadway Owners LLC
—
Deed Of Trust
related
$773,735 · Spencer Svgs Bk
—
—
1501 Broadway Owners LLC
—
Loan Modification, Consolidation And Extension
related
$1,000,000 · Spencer Svgs Bk
—
—
1501 Broadway Mgmt LLC
—
Deed Of Trust
related
$1,650,000 · Everbank
—
—
Sag Cornelia LLC
—
Loan Modification
related
$1,250,000 · Td Bk NA
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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