Entity Owned Property summary
AI-generated overview
177 Smith Street in Brooklyn, NY, offers exceptional medical office space for lease. This multi-tenant building totals 2,250 square feet, with two available units ranging from 600 to 1,650 contiguous square feet. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple businesses seeking synergistic locations. The property is classified as both retail and office space, catering to a variety of healthcare-related uses, including medical offices, fitness centers, and salons. The building's location in Kings County, at 177 Smith Street, zip code 11201, provides excellent street-level visibility and accessibility. Ceiling heights vary, with some areas boasting 9 feet 1 inch ceilings and others at 7 feet 6 inches. This versatile space is perfect for businesses seeking a prominent location in a thriving Brooklyn neighborhood. The property's flexible layout allows for customization to meet individual tenant needs. Interested parties should inquire about lease terms and availability. The address is easily accessible and benefits from high foot traffic.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
4,079 SF
Lot
0.04 ac (1,875 SF)
Zoning code
R6A
APN
00391-0006
UPID
US63-5768175
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.99M
Owner & transaction history
since 2026
4 recorded transactions
Zoning & alternative use
R6A · 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 8 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.99M
Value range
$2.69M – $3.29M
±10% around blend
Estimated value / SF
$733 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
$2.69M
blend $2.99M
$3.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,079 SF
Lot area
0.04 ac
Year built
1931
Stories
3
APN
00391-0006
Zoning
R6A
Assessed value
$211,680
Annual tax
$11,622
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.28M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.47M
@ 6.5% CAP return
$2.28M
@ 7% CAP return
$2.12M
4
Sales comparison
Partial preview
Sales approach indication
$3.04M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.3 mi away · 3,248 SF
0.4 mi away · 5,000 SF
0.6 mi away · 3,749 SF
0.6 mi away · 3,000 SF
0.8 mi away · 4,075 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 79 sales
$969
-24%
Submarket 3044 sales
$491
+49%
County 3044 sales
$491
+49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $733/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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.90%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$15k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$302k
Move the market yield to see immediate price impact.
Value / SF
$74
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
4.40%4.90%5.40%
$13k
$303k
$272k
$247k
$15k
$337k
$302k
$274k
$16k
$370k
$333k
$302k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.08M
0.3 mi · Feb 2026 · $589/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,622
Tax year 2024
Assessed value
$211,680
Assessed 2024
Previous assessed
$199,080
+6.3% YoY
Effective rate
5.49%
On assessed value
Assessed land
$22,800
Assessed improvement
$188,880
Land market value
$380,000
Improvement market value
$3,148,000
Total market value
$3,528,000
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
4,079 SF
Lot
0.04 ac (1,875 SF)
Zoning code
R6A
APN
00391-0006
UPID
US63-5768175
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NYZoning R6A · permitted uses
R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6A
Jurisdiction
Brooklyn, NY
Recorded code
R6A
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.
They do not confirm beneficial ownership or intent to transact.
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