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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Retail residential properties
161 Havemeyer St, Brooklyn, NY 11211-5534
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0804814
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
7,701 SF
Lot
0.06 ac (2,625 SF)
Zoning code
R6
APN
02421-0003
UPID
US63-0804814
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
-
Havemeyer Oral and Maxillofacial Surgery Dental Office
-
OTCREALTY LLC Real Estate Agency
-
Biz 1 Business Management Consultant
-
Dr. Avichai Stern Dental Office
-
GULZANA - Custom Tailoring Williamsburg Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
161 Havemeyer Holdings LLC · 10 yrs held
161 Havemeyer Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
R6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,660,000
6.5%
$4,300,000
7%
$3,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,180,000
Current use
INDUSTRIAL (GENERAL)
$4,370,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$4,240,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±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
$429 / 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
$21,312
Tax year 2024
Assessed value
$1,408,950
Assessed 2024
Previous assessed
$1,308,150
+7.7% YoY
Effective rate
1.51%
On assessed value
Assessed land
$141,750
Assessed improvement
$1,267,200
Land market value
$315,000
Improvement market value
$2,816,000
Total market value
$3,131,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Units
9
Total area
7,701 SF
Lot
0.06 ac (2,625 SF)
Zoning code
R6
APN
02421-0003
UPID
US63-0804814
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1920
Heating
NONE
Stories
3
Buildings
1
Units
9
Lot
0.06 ac
Current owner
From public records · entity-resolved
161 Havemeyer Holdings LLC
Entity
Mailing address
4309 13TH AVE, BROOKLYN, NY 11219-1337
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
161 Havemeyer Holdings, LLC
—
Deed
related
$200,820 · New York Community Bank
Dec 27, 2018
—
161 Havemeyer Holdings LLC
—
Deed
related
$4,000,000 · Oritani Fin
Mar 2, 2016
—
161 Havemeyer Holdings LLC
Havemeyer Equities LLC
Quit Claim Deed
$4,000,000 · Oritani Fin
Jan 3, 2015
—
Havemeyer Equities LLC
J & E Havemeyer Co LLC
Quit Claim Deed
—
Jan 27, 2011
—
J & E Havemeyer Co LLC
Moskowitz,jacob
Grant Deed
—
—
—
161 Havemeyer Holdings LLC
—
Deed Of Trust
related
$240,502 · Oritani Fin
—
—
161 Havemeyer Holdings LLC
—
Loan Modification
related
$4,000,000 · Oritani Fin
—
—
J & E Havemeyer Co LLC
—
Deed Of Trust
related
$100,000 · Seminole Capital Group LLC
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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