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Property profile & analytics
OFF-MARKET
Estimated value
$7,695,000
Office buildings
16-18 Sumner Pl Brooklyn, NY 11206
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-0069314
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1931
Total area
33,370 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C4-3
APN
03131-0012
UPID
US63-0069314
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
$7.70M
Owner & transaction history
Sumner Place LLC · 19 yrs held
Sumner Place LLC
since 2006
5 recorded transactions
Zoning & alternative use
C4-3 · 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
$231 / 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
$85,748
Tax year 2024
Assessed value
$2,123,550
Assessed 2024
Previous assessed
$2,524,500
-15.9% YoY
Effective rate
4.04%
On assessed value
Assessed land
$146,250
Assessed improvement
$1,977,300
Land market value
$325,000
Improvement market value
$4,394,000
Total market value
$4,719,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
33,370 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C4-3
APN
03131-0012
UPID
US63-0069314
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.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Sumner Place LLC
Entity
Mailing address
2555 NOSTRAND AVE, BROOKLYN, NY 11210-4730
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Lebgutt Realty, LLC
—
Deed
related
$15,955,415 · Dime Community Bank
Sep 11, 2018
—
Lebgutt Realty LLC
—
Grant Deed
related
$2,494,775 · Dime Cmnty Bk
Sep 1, 2006
$1,900,000
Sumner Place LLC
Kurtz Bros Realty Co INC
Grant Deed
$1,400,000 · Kurtz Bros Realty Co INC
—
—
Sumner Place LLC
—
Deed Of Trust
related
$1,500,000 · Commerce Bank NA
—
—
Lebgutt Realty LLC|sumner Place LLC
—
Loan Modification, Consolidation And Extension
related
$5,500,000 · Sterling Nat'l 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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