Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Apartment buildings
171 15th St 8 Brooklyn, NY 11215-4851
Individually Owned
5-yr Hold
Free & Clear
Property ID
US63-5221066
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1925
Total area
6,264 SF
Lot
0.05 ac (2,293 SF)
Zoning code
R6B
APN
01041-0065
UPID
US63-5221066
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
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Raj Family Private Foundation · 5 yrs held
Raj Family Private Foundation
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
R6B · 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
$1,335,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.46M (May 4 2021)
Last sale anchor
$1.46M
May 4 2021
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
$213 / 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
$18,168
Tax year 2024
Assessed value
$1,027,800
Assessed 2024
Previous assessed
$954,000
+7.7% YoY
Effective rate
1.77%
On assessed value
Assessed land
$8,550
Assessed improvement
$1,019,250
Land market value
$19,000
Improvement market value
$2,265,000
Total market value
$2,284,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
6,264 SF
Lot
0.05 ac (2,293 SF)
Zoning code
R6B
APN
01041-0065
UPID
US63-5221066
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NYZoning R6B · permitted uses
R6B · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
0.05 ac
Current owner
From public records · entity-resolved
Raj Family Private Foundation
Individual
Free & Clear · 5 yrs held
Mailing address
862 BROADWAY APT #3, NEW YORK, NY 10003-1242
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
1263 Broadway Bk, LLC
—
Deed
related
$8,159,203 · Fs Rialto 2021-fl2 Issuer, Ltd.
Jun 9, 2023
—
1263 Broadway Bk, LLC
—
Deed
related
$7,850,000 · Fs Rialto 2021-fl2 Issuer, Ltd
May 4, 2021
$1,457,029
Raj Family Private Foundation
Deepak Raj
Deed
—
Jan 26, 2021
—
1260 Broadway Bk LLC
—
Deed
related
$25,830,506 · Fs Creit Originator LLC
Jan 15, 2021
$3,852,360
171 15 St LLC
171 15th LLC
Grant Deed
$4,537,503 · Fs Creit Originator LLC
Jun 25, 2012
$1,520,000
171 15th LLC
Polizzi Realty LLC
Grant Deed
—
Oct 3, 2007
$700,000
Polizzi Realty LLC
171 15th Street LLC
Deed
$525,000 · Washington Mutual Bank
—
—
171 15th LLC
—
Loan Modification, Consolidation And Extension
related
$1,575,000 · Investors Bk
—
—
171 15th LLC
—
Deed Of Trust
related
$403,700 · Investors Bank & Trust
—
—
1260 Broadway Bk LLC
—
Loan Modification
related
$25,830,506 · Fs Creit Originator LLC
—
—
171 15th LLC
—
Deed Of Trust
related
$900,000 · Investors Bank & Trust
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?”
You own 171 15th St, Unit 8?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
