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Property profile & analytics
OFF-MARKET
Estimated value
$7,365,000
Warehouses
1637 62nd St Brooklyn, NY 11204-2712
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5986600
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
16,300 SF
Lot
0.31 ac (13,600 SF)
Zoning code
M1-1
APN
05524-0061
UPID
US63-5986600
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
$7.36M
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$7.37M
Owner & transaction history
Yeshiva Tiferes Shmiel LLC · 4 yrs held
Yeshiva Tiferes Shmiel LLC
since 2022
Last sale
$7.5M
6 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.3M
+13.3%
Office building
$9.0M
+9.8%
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
$7,105,000
ML approach
$7,360,000
CAP Approach
CAP Return
Estimation
6%
$5,870,000
6.5%
$5,415,000
7%
$5,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,170,000
Current use
INDUSTRIAL (GENERAL)
$9,250,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$8,975,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,160,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.37M
Range $6.63M – $8.10M · ±10% · vs last sale $7.50M (Jan 18 2022)
Last sale anchor
$7.50M
Jan 18 2022
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
$452 / 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
Assessed value
$556,650
Assessed 2024
Previous assessed
$525,150
+6.0% YoY
Assessed land
$153,000
Assessed improvement
$403,650
Land market value
$340,000
Improvement market value
$897,000
Total market value
$1,237,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
16,300 SF
Lot
0.31 ac (13,600 SF)
Zoning code
M1-1
APN
05524-0061
UPID
US63-5986600
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Yeshiva Tiferes Shmiel LLC
Entity
Mailing address
1446 51ST ST, BROOKLYN, NY 11219-3778
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
—
Yeshiva Tiferes Shmiel LLC
—
Deed
related
$1,500,000 · Israel Discount Bank Of New York
Jan 26, 2022
—
Yeshiva Tiferes Shmiel LLC
—
Deed
related
$2,500,000 · Israel Discount Bank Of New York
Jan 18, 2022
$7,500,000
Yeshiva Tiferes Shmiel LLC
Qff Realty, LLC
Deed
$5,000,000 · Israel Discount Bank Of New York
Oct 18, 2019
—
Qff Realty LLC
—
Deed
related
$1,000,000 · Investors Bank & Trust Co
Apr 8, 2004
$2,550,000
Qff Realty LLC
Lenzini,paul
Grant Deed
—
—
—
Paul Lenzini
—
Deed Of Trust
related
$270,000 · Staten Island Savings Bank
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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