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Property profile

16 Palmetto St Brooklyn, NY 11221

OFF-MARKET
Residential income homes
Property ID
US63-5554345
View Sample
2,000 SF 0.05 ac lot Built 1931
Entity Owned 10-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1931
Total area 2,000 SF
Lot 0.05 ac (2,000 SF)
Zoning code R6
APN 03348-0015
UPID US63-5554345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2015
2 recorded transactions
2015
$18.4M
1969
Price N/A

Zoning & alternative use

R6 · Brooklyn, NY
Top alternative use upside
Commercial (general) $720,000 +38.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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