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Property profile & analytics
OFF-MARKET
Estimated value
$10,730,000
Super regional malls
1608 Shr Pkwy 1644, Brooklyn, NY 11214-6404
Entity Owned
~
Est. High Equity
Property ID
US63-3361719
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1957
Total area
301,400 SF
Lot
22.27 ac (969,994 SF)
Zoning code
M3-1
APN
06491-0011
UPID
US63-3361719
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
$9.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.33M
Blend (final)
Blend
$10.73M
Owner & transaction history
Monica Rippa Realty Holdings LLC
Monica Rippa Realty Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
M3-1 · 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
Method
Estimation
Statistic approach
$12,280,000
ML approach
$9,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,400,000
Current use
Blend value · Realmo final
$10.73M
Range $9.66M – $11.80M · ±10%
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
$36 / 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
$2,361,780
Tax year 2024
Assessed value
$40,051,800
Assessed 2024
Previous assessed
$27,214,650
+47.2% YoY
Effective rate
5.90%
On assessed value
Assessed land
$7,857,900
Assessed improvement
$32,193,900
Land market value
$17,462,000
Improvement market value
$71,542,000
Total market value
$89,004,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1957
Heating
NONE
Buildings
8
Stories
2
Units
16
Total area
301,400 SF
Lot
22.27 ac (969,994 SF)
Zoning code
M3-1
APN
06491-0011
UPID
US63-3361719
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NY
Zoning M3-1 · permitted uses
M3-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1957
Heating
NONE
Stories
2
Buildings
8
Units
16
Lot
22.27 ac
Current owner
From public records · entity-resolved
Monica Rippa Realty Holdings LLC
Entity
Mailing address
150 E 58TH ST FL #15, NEW YORK, NY 10155-1500
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 22, 2026
—
Monica Rippa Realty Holdings LLC
Monica A Rippa
Deed
—
Nov 3, 2025
—
Eric J. Wikstrom, Trustee
Joan J Cirillo
Deed
—
Jan 24, 2022
—
Cbb Shore Parkway LLC
—
Deed
related
$19,355,597 · Wilmington Trust, National Association,
Dec 30, 2021
$11,084,675
Je Holdings LLC
Maria D Cirillo
Deed
$68,144,402 · Wilmington Trust, National Associat
Oct 28, 2021
$2,450,000
Cbb Shore Parkway LLC
Joan P. Francisco Cirillo Irrevocab
Deed
—
Jul 23, 2021
$14,000,000
Je Holdings LLC
Diiorio Realty LLC
Deed
—
Oct 15, 2019
—
Cbb Venture LLC
Saltru Associates Jv LLC
Quit Claim Deed
$87,500,000 · Barclays Cap R/e
Apr 3, 2019
—
Maria D Cirillo
Cirillo Patricia N
Quit Claim Deed
—
Feb 5, 2018
$2,100,000
Cbb Shore Parkway LLC
Cirillo,carolou
Grant Deed
—
Feb 23, 2017
—
Saltru Associates Jv
—
Trustees Deed
related
$3,475,000 · Td Bk NA
Jul 23, 2014
—
Saltru Associates Jv
—
Grant Deed
related
$5,950,000 · Td Bk NA
Mar 14, 2011
—
Paul C Cirillo
Cirillo,laura J
Quit Claim Deed
related
—
May 21, 2010
—
Cirillo Family Trust
Cirillo,morna
Quit Claim Deed
—
Apr 5, 2010
—
Cirillo Nicholas W JR Tr
Cirillo,joan P Francisco
Quit Claim Deed
—
Apr 1, 2010
—
Joan P Francisco Cirillo
Cirillo Joan P Francisc
Quit Claim Deed
—
Mar 31, 2010
—
Cirillo Joan P Francisco Tr
Cirillo,joan P Francisco
Quit Claim Deed
—
Nov 13, 2009
—
Morna Cirillo
Cirillo,john
Quit Claim Deed
—
Jan 22, 2009
—
Robert Dilorio
Dilorio,marguerite
Quit Claim Deed
—
Apr 27, 2006
—
Joan J Cirillo
Cirillo,nancy N & Diana C
Quit Claim Deed
related
—
—
—
Saltru Associates Jv
—
Deed Of Trust
related
$4,525,000 · Td Bk NA
—
—
Cbb Venture LLC
—
Loan Modification
related
$87,500,000 · Barclays Cap R/e
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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