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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Office buildings
1713 8th Ave Brooklyn, NY 11215-6120
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0804813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
12,000 SF
Lot
0.11 ac (5,008 SF)
Zoning code
R5B
APN
00876-0003
UPID
US63-0804813
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
Current use
Occupant on record · Public records
-
Enhanced Solutions Marketing & Advertising
-
Classic Rug Collection Inc Carpet & Flooring Store
-
Robert Silverman Portraits Artist
-
Marshall Curry Productions Llc Film Production Television Studio
-
Downstairs Projects Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$3.82M
Owner & transaction history
1713 Equities LLC · 1 yrs held
1713 Equities LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
R5B · 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
$3,815,000
ML approach
$3,815,000
CAP Approach
CAP Return
Estimation
6%
$5,320,000
6.5%
$4,915,000
7%
$4,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,015,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,475,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±10% · vs last sale $3.82M (Sep 19 2024)
Last sale anchor
$3.82M
Sep 19 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
$318 / 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
$60,702
Tax year 2024
Assessed value
$725,850
Assessed 2024
Previous assessed
$725,850
+0.0% YoY
Effective rate
8.36%
On assessed value
Assessed land
$135,000
Assessed improvement
$590,850
Land market value
$300,000
Improvement market value
$1,313,000
Total market value
$1,613,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
4
Units
3
Total area
12,000 SF
Lot
0.11 ac (5,008 SF)
Zoning code
R5B
APN
00876-0003
UPID
US63-0804813
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Brooklyn, NY
Zoning R5B · permitted uses
R5B · 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
WAREHOUSE, STORAGE
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
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
1930
Heating
NONE
Stories
4
Buildings
1
Units
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
1713 Equities LLC
Entity
Mailing address
1563 49TH ST APT #4, BROOKLYN, NY 11219-3286
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$3,815,000
1713 Equities LLC
1713 8th Avenue Residences, LLC
Deed
$2,900,000 · Ice Lender Holdings, LLC
Jun 27, 2018
—
1713 8th Avenue Residences LLC
—
Deed
related
$3,350,000 · Signature Bk
Aug 26, 2015
$5,350,000
1713 8th Avenue Residences LLC
8th Avenue Re LLC
Deed
$1,475,769 · Customers Bank
Aug 3, 2006
—
8th Avenue Re LLC
Brooklyn Fiscal Mgmt INC
Grant Deed
related
—
—
—
1713 8th Avenue Residences LLC
—
Loan Modification, Consolidation And Extension
related
$3,100,000 · Customers Bk
—
—
8th Avenue Re LLC
—
Deed Of Trust
related
$1,717,607 · Ridgewood Savings Bank
—
—
Brooklyn Fiscal Management INC
—
Deed Of Trust
related
$800,000 · Independence Community Bank
—
—
1713 8th Avenue Residences LLC
—
Loan Modification
related
$3,350,000 · Signature Bk
—
—
8th Avenue Re LLC
—
Deed Of Trust
related
$1,267,171 · Ridgewood Savings Bank
—
—
8th Avenue Re LLC
—
Deed Of Trust
related
$1,800,000 · Ridgewood Savings Bank
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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