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Property profile & analytics
OFF-MARKET
Estimated value
$27,525,000
Hotels
159 Broadway, Brooklyn, NY 11211-6129
Entity Owned
~
Est. High Equity
Property ID
US63-1032738
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
112,041 SF
Lot
0.21 ac (9,262 SF)
Zoning code
C4-3
APN
02457-0034
UPID
US63-1032738
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
$22.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.53M
Owner & transaction history
Broadway Corner Bedford LLC
Broadway Corner Bedford LLC
since 2026
Last sale
$30.0M
7 recorded transactions
Zoning & alternative use
C4-3 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$25.4M
+429.0%
Restaurant
$20.5M
+325.5%
Retail stores
$19.4M
+303.2%
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
$27,985,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,950,000
6.5%
$22,105,000
7%
$20,530,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$25,425,000
Change: +429% · Conversion: Difficult
RESTAURANT
$20,450,000
Change: +325% · Conversion: Difficult
RETAIL STORES
$19,380,000
Change: +303% · Conversion: Difficult
OFFICE BUILDING
$19,010,000
Change: +295% · Conversion: Difficult
Blend value · Realmo final
$27.53M
Range $24.77M – $30.28M · ±10% · vs last sale $30.00M (Jan 28 2026)
Last sale anchor
$30.00M
Jan 28 2026
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
$246 / 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
$148,902
Tax year 2024
Assessed value
$1,405,800
Assessed 2024
Previous assessed
$1,477,350
-4.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$833,400
Assessed improvement
$572,400
Land market value
$1,852,000
Improvement market value
$1,272,000
Total market value
$3,124,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
1
Stories
26
Units
257
Total area
112,041 SF
Lot
0.21 ac (9,262 SF)
Zoning code
C4-3
APN
02457-0034
UPID
US63-1032738
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Brooklyn, NY
Zoning C4-3 · permitted uses
C4-3 · 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
AUTO REPAIR, GARAGE
Est. value
$25.4M
RESTAURANT
Est. value
$20.5M
RETAIL STORES
Est. value
$19.4M
OFFICE BUILDING
Est. value
$19.0M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2019
Heating
NONE
Stories
26
Buildings
1
Units
257
Lot
0.21 ac
Current owner
From public records · entity-resolved
Broadway Corner Bedford LLC
Entity
Mailing address
520 MADISON AVE RM #3501, NEW YORK, NY 10022-4434
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
$30,000,000
Broadway Corner Bedford LLC
159 Broadway Owner LLC
Deed
$6,000,000 · Levon Ny Cxxvi LLC
Nov 23, 2022
$32,000,000
159 Broadway Owner LLC
Wb Bridge Hotel LLC
Deed
—
Nov 15, 2019
—
Wb Bridge Hotel LLC
—
Grant Deed
related
$2,280,998 · 159 Broadway 1 LLC
Jul 5, 2019
—
Wb Bridge Hotel LLC
—
Loan Modification
related
$21,350,000 · 159 Broadway 1 LLC
Dec 14, 2017
$26,249,000
Wb Bridge Hotel LLC
159 Dev Group LLC
Grant Deed
$5,435,164 · S3 Re 159 Broadway LLC
Dec 14, 2017
—
Wb Bridge Hotel LLC
—
Loan Modification, Consolidation And Extension
related
$17,500,000 · S3 Re 159 Broadway LLC
Apr 21, 2017
—
159 Development Group LLC
—
Deed
related
$3,000,000 · % Potomac Business Services LLC
Jul 23, 2014
—
159 Dev Group LLC
159 Hotel Realty LLC
Quit Claim Deed
related
$11,000,000 · Nasa FCU
May 10, 2013
—
159 Hotel Realty LLC
175 Broadway Hospitality LLC
Grant Deed
$4,000,000 · Jet Power INC
Nov 24, 2010
$4,500,000
175 Broadway Hospitality LLC
Hsbc Bk USA NA
Grant Deed
—
—
—
175 Broadway Hospitality LLC
—
Deed Of Trust
related
$500,000 · Jet Power INC
—
—
175 Broadway Hospitality LLC
—
Deed Of Trust
related
$2,000,000 · Jet Power INC
—
—
Wb Bridge Hotel LLC
—
Deed Of Trust
related
$3,500,000 · 159 Broadway Mezz LLC
—
—
175 Broadway Hospitality LLC
—
Deed Of Trust
related
$500,000 · Jet Power INC
—
—
Wb Bridge Hotel LLC
—
Deed Of Trust
related
$369,001 · 159 Broadway 1 LLC
—
—
175 Broadway Hospitality LLC
—
Deed Of Trust
related
$500,000 · Jet Power INC
—
—
175 Broadway Hospitality LLC
—
Deed Of Trust
related
$500,000 · Jet Power INC
—
—
159 Hotel Realty LLC
—
Loan Modification
related
$4,000,000 · Jet Power INC
—
—
159 Hotel Realty LLC
—
Deed Of Trust
related
$1,500,000 · Jet Power INC
—
—
159 Hotel Realty LLC
—
Loan Modification
related
$3,200,000 · Jet Power INC
—
—
159 Hotel Realty LLC
—
Deed Of Trust
related
$1,700,000 · Jet Power INC
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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