Entity Owned Property summary
AI-generated overview
This exceptional three-story, 16,982 square foot office condominium unit at 1610 Dekalb Avenue in Brooklyn, New York, presents a compelling investment opportunity. Currently operating as an outpatient medical clinic leased to Wyckoff Heights Medical Center, a prominent 350-bed teaching hospital located nearby, this property offers strong, stable income. The lease, expiring at the end of 2028 with a five-year extension option, includes an 8% annual rent increase scheduled for 2025. All three floors are utilized for medical examination rooms and offices. A significant added value is the inclusion of title to seven rooftop terraces situated above residential units. The asking price is $5,650,000, translating to a desirable $333 per square foot. The property's convenient location, half a block from the Dekalb Street L train station, enhances its appeal. Permitted uses are diverse and include educational, cultural, healthcare, medical, arts, non-profit, daycare, childcare, and religious organizations, offering flexibility for future tenants. This Kings County property (zip code 11237) is situated between Wyckoff Avenue and Irving Avenue, ensuring excellent visibility and accessibility.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
16,407 SF
Zoning code
R6
APN
03248-1001
UPID
US63-3783170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Physician
-
Physician
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.71M
Owner & transaction history
since 2015
5 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 25 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.71M
Value range
$4.23M – $5.18M
±10% around blend
Estimated value / SF
$287 / SF
Confidence
High
25 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
$4.23M
blend $4.71M
$5.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,407 SF
Stories
5
APN
03248-1001
Zoning
R6
Assessed value
$1,421,324
Annual tax
$45,510
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$11.27M
Weighted, 20 comps · high confidence
Evidence
25 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.8 mi away · 19,750 SF
3.3 mi away · 20,899 SF
3.5 mi away · 12,076 SF
3.7 mi away · 12,250 SF
4.2 mi away · 14,982 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 63 sales
$402
-29%
Submarket 3044 sales
$491
-42%
County 3044 sales
$491
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $287/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 25 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.42M
Move the market yield to see immediate price impact.
Value / SF
$87
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$90k
$1.79M
$1.28M
$995k
$99k
$1.99M
$1.42M
$1.11M
$109k
$2.19M
$1.56M
$1.22M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
25 found
High confidence · county-verified
Closest comparable
$6.65M
2.7 mi · Dec 2025 · $410/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,510
Tax year 2024
Assessed value
$1,421,324
Assessed 2024
Previous assessed
$968,174
+46.8% YoY
Effective rate
3.20%
On assessed value
Assessed land
$95,174
Assessed improvement
$1,326,150
Land market value
$211,497
Improvement market value
$2,947,000
Total market value
$3,158,497
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
16,407 SF
Zoning code
R6
APN
03248-1001
UPID
US63-3783170
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
5
Buildings
1
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
Brooklyn, NY
Recorded code
R6
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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