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Property profile & analytics
OFF-MARKET
Estimated value
$16,760,000
Retail space
1515 Albany Ave, Brooklyn, NY 11210
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1553781
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
38,800 SF
Lot
2.25 ac (98,184 SF)
Zoning code
M1-1
APN
05016-0013
UPID
US63-1553781
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
by Request
Blend (final)
Blend
$16.76M
Owner & transaction history
M & K Real Estate Associates LLC · 15 yrs held
M & K Real Estate Associates LLC
since 2011
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$432 / 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
$405,097
Tax year 2024
Assessed value
$4,023,000
Assessed 2024
Previous assessed
$4,018,050
+0.1% YoY
Effective rate
10.07%
On assessed value
Assessed land
$2,430,450
Assessed improvement
$1,592,550
Land market value
$5,401,000
Improvement market value
$3,539,000
Total market value
$8,940,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
38,800 SF
Lot
2.25 ac (98,184 SF)
Zoning code
M1-1
APN
05016-0013
UPID
US63-1553781
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.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
M & K Real Estate Associates LLC
Entity
Mailing address
444 S FULTON AVE, MOUNT VERNON, NY 10553-1765
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2014
—
A & P Real Property LLC
—
Loan Modification
related
$198,410,000 · Wells Fargo Bk
Apr 13, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$15,200,000 · Jp Morgan Chase Bk
Jan 7, 2011
—
M & K Real Estate Associates LLC
Rosenberg Michael Trust
Grant Deed
related
—
Sep 16, 2009
—
Pathmark Stores INC
—
Deed Of Trust
related
$109,709,748 · Wilmington Trust Co
May 14, 2008
—
Bridge Stuart INC
—
Deed Of Trust
related
$300,000,000 · Bank Of America
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$15,200,000 · Jp Morgan Chase Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$445,000,000 · Us Bk
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$550,000,000 · Us Bk
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$198,410,000 · Jp Morgan Chase Bank NA
—
—
M & K Real Estate Assocs LLC
—
Loan Modification, Consolidation And Extension
related
$1,400,000 · Apple Bk
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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