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Property profile & analytics
FOR LEASE
Banks
175 Pearl St Brooklyn, NY 11201
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1725766
For Lease
1 / 5
Contact for pricing
175 Pearl St, Brooklyn, NY 11201
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1918
Total area
184,965 SF
Lot
0.49 ac (21,218 SF)
Zoning code
M16R10
APN
00087-0005
UPID
US63-1725766
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
-
Cheung Showman Architects Architecture Firm
-
Infonetiq Software & Data Services (Bike/Boat/Book/etc) Store Corporate Office
-
Silverback RJ Enterprises Business Management Consultant
-
Pluxe Real Estate Agency
-
radiating joy mental health services Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$66.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$66.50M
Owner & transaction history
175 Pearl Street LLC · 2 yrs held
175 Pearl Street LLC
since 2024
Last sale
$66.5M
7 recorded transactions
Zoning & alternative use
M16R10 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$41.7M
+2,330.5%
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
$66,500,000
ML approach
$66,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$41,720,000
Change: +2,331% · Conversion: Difficult
Blend value · Realmo final
$66.50M
Range $59.85M – $73.15M · ±10% · vs last sale $66.50M (Jun 4 2024)
Last sale anchor
$66.50M
Jun 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
$360 / 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
$2,004,260
Tax year 2024
Assessed value
$21,141,000
Assessed 2024
Previous assessed
$20,272,500
+4.3% YoY
Effective rate
9.48%
On assessed value
Assessed land
$1,670,850
Assessed improvement
$19,470,150
Land market value
$3,713,000
Improvement market value
$43,267,000
Total market value
$46,980,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1918
Heating
NONE
Buildings
2
Stories
9
Units
8
Total area
184,965 SF
Lot
0.49 ac (21,218 SF)
Zoning code
M16R10
APN
00087-0005
UPID
US63-1725766
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M16R10 · Brooklyn, NY
Zoning M16R10 · permitted uses
M16R10 · 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
RETAIL STORES
Est. value
$41.7M
RETAIL STORES
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
1918
Heating
NONE
Stories
9
Buildings
2
Units
8
Lot
0.49 ac
Current owner
From public records · entity-resolved
175 Pearl Street LLC
Entity
Mailing address
185 MARCY AVE #304, BROOKLYN, NY 11211-6261
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
175 Pearl Street LLC
—
Deed
related
$13,753,490 · Bpt 175p Funding LLC
Jun 4, 2024
$66,500,000
175 Pearl Street LLC
Maple 3p Krl 175 Pearl Owner, LLC
Deed
$8,373,327 · Bcc 175 Pearl LLC
Apr 26, 2017
—
175 Pearl Owner LLC
—
Grant Deed
related
$63,946,651 · Natixis R/e Cap
Apr 13, 2017
—
175 Pearl Owner LLC
—
Grant Deed
related
$174,500,000 · Natixis R/e Cap
Apr 6, 2017
$97,730,062
Maple 3p Krl 175 Pearl Owner L
175 Pearl Owner LLC
Grant Deed
—
Dec 18, 2014
—
117 Adams Owner LLC|77 Sands Owner LLC Etal
—
Loan Modification
related
$53,346,841 · Natixis R/e Cap
Oct 16, 2013
$53,000,000
175 Pearl Owner LLC
Watchtower Bible & Tract Socie
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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