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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Banks
175 Remsen St Brooklyn, NY 11201-4333
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1203353
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1961
Total area
129,520 SF
Lot
0.24 ac (10,650 SF)
Zoning code
C52A
APN
00250-0007
UPID
US63-1203353
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
-
Puerto Rican Family Institute Crisis Center Medical Clinic
-
Childrens Aid Pins Social Service Agency Charitable Organization
-
Dr. Natan Davoudzadeh Physician Medical Clinic
-
Ivan Colón, MD Physician Medical Clinic
-
Benjamin Okonta Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
175 Remsen Owner Tic 1 LLC · 1 yrs held
175 Remsen Owner Tic 1 LLC
since 2024
6 recorded transactions
Zoning & alternative use
C52A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,200,000
Current use
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$7 / 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
$1,272,302
Tax year 2024
Assessed value
$12,965,850
Assessed 2024
Previous assessed
$12,965,850
+0.0% YoY
Effective rate
9.81%
On assessed value
Assessed land
$954,000
Assessed improvement
$12,011,850
Land market value
$2,120,000
Improvement market value
$26,693,000
Total market value
$28,813,000
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
Off-Market
Year built
1961
Heating
NONE
Buildings
1
Stories
12
Units
24
Total area
129,520 SF
Lot
0.24 ac (10,650 SF)
Zoning code
C52A
APN
00250-0007
UPID
US63-1203353
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52A · Brooklyn, NY
Zoning C52A · permitted uses
C52A · 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
FINANCIAL BUILDING Current
Est. value
$1.2M
FINANCIAL BUILDING Current
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
1961
Heating
NONE
Stories
12
Buildings
1
Units
24
Lot
0.24 ac
Current owner
From public records · entity-resolved
175 Remsen Owner Tic 1 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
200 GDN CITY PLZ STE #325, GARDEN CITY, NY 11530-3338
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
175 Remsen Owner Tic 1 LLC
Treeline 175 Remsen LLC
Deed
—
Dec 3, 2020
—
Treeline 175 Remsen LLC
—
Deed
related
$37,500,000 · Wells Fargo Bank, National Association
Dec 6, 2016
—
Treeline 175 Remsen LLC
—
Deed
related
$32,000,000 · Wells Fargo Bk
Jul 14, 2005
—
Treeline 175 Remsen LLC
Treeline Boro Hall LLC
Quit Claim Deed
related
—
—
—
Treeline 175 Remsen LLC
—
Deed Of Trust
related
$21,100,000 · Wells Fargo Bank
—
—
Treeline 175 Remsen LLC
—
Loan Modification, Consolidation And Extension
related
$32,000,000 · Wells Fargo Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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