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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Manufacturing properties
170 2nd Ave Brooklyn, NY 11215-4619
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2705100
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1908
Total area
13,968 SF
Lot
0.11 ac (5,000 SF)
Zoning code
M2-1
APN
01025-0049
UPID
US63-2705100
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
$5.76M
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.76M
Owner & transaction history
170 Second Ave Factory LLC · 1 yrs held
170 Second Ave Factory LLC
since 2024
Last sale
$5.8M
1 recorded transaction
Zoning & alternative use
M2-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.6M
+20.8%
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
$5,760,000
ML approach
$5,760,000
CAP Approach
CAP Return
Estimation
6%
$4,140,000
6.5%
$3,825,000
7%
$3,550,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,930,000
Current use
COMMERCIAL (GENERAL)
$9,575,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$7,690,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,000,000
Change: -12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,375,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.76M (Oct 4 2024)
Last sale anchor
$5.76M
Oct 4 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
$412 / 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
Tax billed
$45,719
Tax year 2024
Assessed value
$491,400
Assessed 2024
Previous assessed
$491,400
+0.0% YoY
Effective rate
9.30%
On assessed value
Assessed land
$50,850
Assessed improvement
$440,550
Land market value
$113,000
Improvement market value
$979,000
Total market value
$1,092,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1908
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
13,968 SF
Lot
0.11 ac (5,000 SF)
Zoning code
M2-1
APN
01025-0049
UPID
US63-2705100
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$9.6M
OFFICE BUILDING
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1908
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
170 Second Ave Factory LLC
Entity
Free & Clear · 1 yrs held
Mailing address
375 9TH AVE, NEW YORK, NY 10001-1696
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$5,760,000
170 Second Ave Factory LLC
Neo-bauhaus Design Factory INC.
Deed
—
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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