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Property profile & analytics
OFF-MARKET
Estimated value
$6,140,000
Office buildings
157 13th St 163 Brooklyn, NY 11215-4702
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2007278
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1931
Total area
24,840 SF
Lot
0.21 ac (9,267 SF)
Zoning code
M1-2
APN
01027-0066
UPID
US63-2007278
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
-
Minds On Design Lab (MOD-Lab) Marketing & Advertising (Bike/Boat/Book/etc) Store
-
JetRockets (USA HQ) (Bike/Boat/Book/etc) Store Corporate Office
-
Brooklyn PC Clinic Computer & Electronic Repair
-
TDT Advertising Agency Marketing & Advertising
-
Water Damage Restoration Park Slope Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.14M
Owner & transaction history
Brooklyn Third Avenue LLC · 7 yrs held
Brooklyn Third Avenue LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1-2 · 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
$247 / 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
$190,113
Tax year 2024
Assessed value
$1,833,750
Assessed 2024
Previous assessed
$1,883,700
-2.7% YoY
Effective rate
10.37%
On assessed value
Assessed land
$166,950
Assessed improvement
$1,666,800
Land market value
$371,000
Improvement market value
$3,704,000
Total market value
$4,075,000
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
1931
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
24,840 SF
Lot
0.21 ac (9,267 SF)
Zoning code
M1-2
APN
01027-0066
UPID
US63-2007278
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Brooklyn Third Avenue LLC
Entity
Mailing address
43 E 16TH ST, BROOKLYN, NY 11226-2611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
Brooklyn Third Avenue LLC
304 LLC
Quit Claim Deed
related
$1,316,190 · A10 Cap
Apr 24, 2019
—
304 LLC
—
Deed
related
$500,000 · Fund Invs 72 LLC
Mar 5, 2018
—
304 LLC
—
Grant Deed
related
$5,323,809 · Fund Investment 72 LLC
Aug 31, 2016
—
304 LLC
—
Deed
related
$20,000,000 · Thorofare Asset Based Lndg Fun
Nov 15, 2013
$5,468,750
304 LLC
Terzuoli Joseph D
Grant Deed
$6,000,000 · Hrc Fund V Reit LLC
Apr 30, 2013
—
Dominick C Terzuoli
—
Trustees Deed
related
$200,000 · Joseph Terzuoli
—
—
Dominick C Terzuoli
—
Deed Of Trust
related
$400,000 · Joseph Terzuoli
—
—
304 LLC
—
Deed Of Trust
related
$750,000 · 3rd Avenue Brooklyn 1 LLC
—
—
304 LLC
—
Deed Of Trust
related
$500,000 · Fund Invs 72 LLC
—
—
304 LLC
—
Deed Of Trust
related
$1,000,000 · 3rd Avenue Brooklyn 2 LLC
—
—
304 LLC
—
Loan Modification, Consolidation And Extension
related
$6,750,000 · 3rd Avenue Brooklyn 1 LLC
—
—
304 LLC
—
Loan Modification, Consolidation And Extension
related
$15,300,000 · Thorofare Asset Based Lndg Fun
—
—
304 LLC
—
Deed Of Trust
related
$20,000,000 · Thorofare Asset Based Lndg Fun
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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