Entity Owned Property summary
AI-generated overview
Located in Red Hook, Brooklyn, the property includes approximately 4,522 square feet of office space on the second floor. The office area underwent renovations in 2016 and features HVAC throughout, multiple restrooms, and a private lobby. Dedicated parking is available on-site, totaling approximately 2,200 square feet. The property can also be configured with additional ground-floor warehouse space of approximately 2,300 to 4,000 square feet, accessible via an exterior loading dock, allowing for a combination of office, parking, and potential warehouse use.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Total area
39,740 SF
Lot
0.87 ac (37,820 SF)
Zoning code
M2-1
APN
00502-0001
UPID
US63-1367891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Freight Service Logistics Company
-
Physician Medical Clinic
-
Buses Transportation Service
-
Telecommunications Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.02M
Owner & transaction history
since 2012
1 recorded transaction
Zoning & alternative use
M2-1 · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.02M
Value range
$9.02M – $11.02M
±10% around blend
Estimated value / SF
$252 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$9.02M
blend $10.02M
$11.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
39,740 SF
Lot area
0.87 ac
Year built
1920
Stories
2
APN
00502-0001
Zoning
M2-1
Assessed value
$2,320,650
Annual tax
$193,708
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.88M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.79M
@ 6.5% CAP return
$10.88M
@ 7% CAP return
$10.10M
4
Sales comparison
Partial preview
Sales approach indication
$10.28M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 30,200 SF
10.3 mi away · 30,264 SF
10.4 mi away · 39,788 SF
17.0 mi away · 34,650 SF
17.5 mi away · 28,290 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 170 sales
$568
-56%
County 170 sales
$568
-56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $252/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.32M
Move the market yield to see immediate price impact.
Value / SF
$58
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$146k
$2.92M
$2.09M
$1.62M
$162k
$3.25M
$2.32M
$1.80M
$179k
$3.57M
$2.55M
$1.99M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$9.03M
5.0 mi · Dec 2025 · $296/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$193,708
Tax year 2024
Assessed value
$2,320,650
Assessed 2024
Previous assessed
$1,939,050
+19.7% YoY
Effective rate
8.35%
On assessed value
Assessed land
$382,950
Assessed improvement
$1,937,700
Land market value
$851,000
Improvement market value
$4,306,000
Total market value
$5,157,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
39,740 SF
Lot
0.87 ac (37,820 SF)
Zoning code
M2-1
APN
00502-0001
UPID
US63-1367891
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NYZoning M2-1 · permitted uses
M2-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
0.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2-1
Jurisdiction
Brooklyn, NY
Recorded code
M2-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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