New search
Property profile & analytics
FOR LEASE
Investment properties
169 Knickerbocker Ave, Brooklyn, NY 11237
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-5515246
For Lease
1 / 2
$65 SF/Yr
169 Knickerbocker Ave, Brooklyn, NY 11237
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
5,675 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6
APN
03166-0008
UPID
US63-5515246
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
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.05M
Owner & transaction history
Knickerbocker Estates LLC · 1 yrs held
Knickerbocker Estates LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.2M
+41.2%
Office building
$3.1M
+36.9%
Warehouse, storage
$2.8M
+24.7%
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
$2,050,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,280,000
Current use
INDUSTRIAL (GENERAL)
$3,220,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$3,125,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$2,845,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.05M (Sep 11 2024)
Last sale anchor
$2.05M
Sep 11 2024
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
$361 / 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
$482,850
Assessed 2024
Previous assessed
$482,850
+0.0% YoY
Assessed land
$107,100
Assessed improvement
$375,750
Land market value
$238,000
Improvement market value
$835,000
Total market value
$1,073,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
4
Total area
5,675 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6
APN
03166-0008
UPID
US63-5515246
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
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
3
Buildings
1
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Knickerbocker Estates LLC
Entity
Mailing address
320 ROEBLING ST #805, BROOKLYN, NY 11211-6651
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$2,050,000
Knickerbocker Estates LLC
1glesia Unida De Avivamiento, INC.
Deed
$1,968,000 · Broadview Capital LLC
Jul 26, 2016
—
Mennonite United Revival Ch In
—
Deed
related
$1,470,000 · Everence Assn INC
Aug 5, 2009
—
Mennonite United Revival Ch In
—
Deed Of Trust
related
$1,070,000 · Private Individual
—
—
Mennonite United Revival Ch In
—
Deed Of Trust
related
$1,070,000 · Mennonite Mutual Aid Assn Elkh
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
$350,000 · New York Mortgage Co LLC
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
$200,000 · Everence Assns INC
—
—
Mennonite United Revival Ch In
—
Loan Modification
related
$1,470,000 · Everence Assn INC
—
—
Mennonite United Revival Ch In
—
Loan Modification
related
$1,470,000 · Private Individual
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
$200,000 · Private Lender
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
$200,000 · Everence Assn INC
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
—
—
—
United Revival Ch In Mennonite
—
Deed Of Trust
related
$200,000 · Private Lender
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
