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Financial
Distress signals
Property profile

1612 Neptune Ave Brooklyn, NY 11224

OFF-MARKET
Office buildings
Property ID
US63-2704823
3,405 SF 0.04 ac lot Built 1928
Last sale Jun 2016 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a professional office space configured on the second floor. It has been renovated and includes an interior layout centered on a large open area, along with two bathrooms. The building is located within walking distance of public transportation and provides access to the Belt Parkway. The space is suitable for professional office uses and is configured to accommodate a range of such uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value$207k
Assessed land$39k
Assessed improvement$168k
Effective rate9.32%

Value estimate

· Oct 2026
$410k
$369k – $451k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$550/SF
Submarket average, outlier-cleaned · 228 recorded sales of this use type
Observed band · Q1–Q3$362 – $913
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C8-1
This district is designed to provide for necessary services for a wider area than is served by the Local Commercial Districts and often i...
General categoryCOMMERCIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm70.8
Realty agency68.0
Hair Salon26.2

Location

1612 Neptune Ave Brooklyn, NY 11224-2830
County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2922 Shell, Brooklyn, NY 11224-3611 $835,000 Apr 2025 1,712 SF
2847 8th, Brooklyn, NY 11224-3604 $317,342 Apr 2025 52,302 SF
1906 Mermaid, Brooklyn, NY 11224-2508 $1,530,000 Sep 2024 4,403 SF
1614 Neptune, Brooklyn, NY 11224-2718 $1,025,000 Jan 2021 3,405 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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