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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Motels
20-22 Sumner Pl, Brooklyn, NY 11206
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2329892
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2009
Total area
24,873 SF
Lot
0.15 ac (6,325 SF)
Zoning code
C4-3
APN
03131-0014
UPID
US63-2329892
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
$3.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
22 Sumner Place LLC · 2 yrs held
22 Sumner Place LLC
since 2023
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
C4-3 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+325.5%
Auto repair, garage
$4.4M
+309.6%
Retail stores
$3.9M
+263.6%
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
$3,020,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,540,000
Change: +325% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,370,000
Change: +310% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: +264% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,210,000
Change: +107% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,175,000
Change: +104% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,110,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $3.00M (Sep 1 2023)
Last sale anchor
$3.00M
Sep 1 2023
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
$121 / 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
$427,575
Tax year 2024
Assessed value
$4,432,050
Assessed 2024
Previous assessed
$4,065,750
+9.0% YoY
Effective rate
9.65%
On assessed value
Assessed land
$261,900
Assessed improvement
$4,170,150
Land market value
$582,000
Improvement market value
$9,267,000
Total market value
$9,849,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
7
Units
1
Total area
24,873 SF
Lot
0.15 ac (6,325 SF)
Zoning code
C4-3
APN
03131-0014
UPID
US63-2329892
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Brooklyn, NY
Zoning C4-3 · permitted uses
C4-3 · 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
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Stories
7
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
22 Sumner Place LLC
Entity
Free & Clear · 2 yrs held
Mailing address
23 HAYLOFT LN, ROSLYN HEIGHTS, NY 11577-2617
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$3,000,000
22 Sumner Place LLC
G-elul Realty Corp
Deed
—
Jun 4, 2018
—
Aryana Realty LLC
—
Loan Modification
related
$8,000,000 · Metropolitan Com'l Bk
—
—
Aryana Realty LLC
—
Deed Of Trust
related
$400,000 · Lg Equities LLC
—
—
Aryana Realty LLC
—
Deed Of Trust
related
$1,000,000 · Lg Equities LLC
—
—
Aryana Realty LLC
—
Deed Of Trust
related
$3,575,000 · Country 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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