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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Commercial real estate
16th St, Brooklyn, NY 11235
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4711052
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.02 ac (693 SF)
Zoning code
C8-1
APN
07418-0050
UPID
US63-4711052
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
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
2460 Hunter LLC · 3 yrs held
2460 Hunter LLC
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C8-1 · 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
$2,925,000
ML approach
$2,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10% · vs last sale $2.38M (Jun 20 2023)
Last sale anchor
$2.38M
Jun 20 2023
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
—
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
$1,382
Tax year 2024
Assessed value
$14,850
Assessed 2024
Previous assessed
$12,600
+17.9% YoY
Effective rate
9.31%
On assessed value
Assessed land
$14,850
Land market value
$33,000
Total market value
$33,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.02 ac (693 SF)
Zoning code
C8-1
APN
07418-0050
UPID
US63-4711052
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Brooklyn, NY
Zoning C8-1 · permitted uses
C8-1 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
2460 Hunter LLC
Entity
Mailing address
289 WHITMAN DR, BROOKLYN, NY 11234-6935
Ownership since
2023
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
Jan 14, 2025
—
2460 Hunter, LLC
—
Deed
related
$68,000 · Ukrainian National Federal Credit Union
Jun 20, 2023
$2,375,000
2460 Hunter LLC
Slope-spaces INC.
Deed
$1,782,000 · Moshka LLC
Feb 14, 2011
—
Slope Spaces INC
Lemac Realty INC
Grant Deed
related
—
Jul 3, 2008
$222,000
Slope-spaces INC
Stashower,helaine
Grant Deed
$850,000 · Capital One
Jan 31, 2006
$1,200,000
Slope-spaces INC
Moshen,lynn
Grant Deed
$200,000 · Margo Stashower
Jan 31, 2006
—
Lynn Moshen
Moshen,lynn
Quit Claim Deed
related
—
—
—
Slope-spaces INC
—
Deed Of Trust
related
$269,468 · Capital One NA
—
—
Slope-spaces INC
—
Loan Modification, Consolidation And Extension
related
$1,000,000 · Capital One NA
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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