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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Investment properties
177 Smith St, Brooklyn, NY 11201-6408
Entity Owned
Free & Clear
Property ID
US63-5768175
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.64M
Owner & transaction history
I & H Real Holdings LLC
I & H Real Holdings LLC
since 2026
4 recorded transactions
Zoning & alternative use
R6A · 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
$2,990,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
$2,470,000
6.5%
$2,280,000
7%
$2,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,950,000
Current use
AUTO REPAIR, GARAGE
$3,240,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±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
$646 / 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
$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
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
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, NY
Zoning R6A · permitted uses
R6A · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1931
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
I & H Real Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
177 SMITH ST, BROOKLYN, NY 11201-6408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
I & H Real Holdings LLC
Ak Real Holding Corp.
Deed
—
Aug 10, 2021
$2,700,000
Ak Real Holding Corp
Merlyn Comas
Deed
$2,190,000 · 1st Constitution Bank
May 22, 2013
—
William Comas
Martinez,luis A
Grant Deed
related
—
Sep 23, 2004
—
Merlyn Comas
Comas,merlyn
Quit Claim Deed
related
—
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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