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Property profile & analytics
OFF-MARKET
Estimated value
$21,035,000
Manufacturing properties
201 42nd St 233 Brooklyn, NY 11232-2813
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-6075998
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1910
Total area
104,182 SF
Lot
0.84 ac (36,460 SF)
Zoning code
M1-2
APN
00717-0001
UPID
US63-6075998
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
by Request
CAP Approach
CAP
$28.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.04M
Owner & transaction history
Sunset Commercial Property LLC · 18 yrs held
Sunset Commercial Property LLC
since 2007
6 recorded transactions
Zoning & alternative use
M1-2 · 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%
$30,890,000
6.5%
$28,515,000
7%
$26,475,000
Blend value · Realmo final
$21.04M
Range $18.93M – $23.14M · ±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
$202 / 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
$302,080
Tax year 2024
Assessed value
$4,063,500
Assessed 2024
Previous assessed
$3,566,700
+13.9% YoY
Effective rate
7.43%
On assessed value
Assessed land
$738,450
Assessed improvement
$3,325,050
Land market value
$1,641,000
Improvement market value
$7,389,000
Total market value
$9,030,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
3
Units
16
Total area
104,182 SF
Lot
0.84 ac (36,460 SF)
Zoning code
M1-2
APN
00717-0001
UPID
US63-6075998
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
3
Buildings
1
Units
16
Lot
0.84 ac
Current owner
From public records · entity-resolved
Sunset Commercial Property LLC
Entity
Mailing address
251 53RD ST, BROOKLYN, NY 11220-1716
Ownership since
2007
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
May 6, 2026
—
Sunset Commercial Property LLC
—
Deed
related
$2,153,237 · Ocean First Bk NA
Aug 3, 2016
—
Sunset Commercial Property LLC
—
Deed
related
$1,713,077 · Signature Bank
Aug 31, 2011
—
Sunset Coml Property LLC
—
Deed Of Trust
related
$7,650,000 · Sovereign Bank
Sep 7, 2007
$8,763,000
Sunset Commercial Property LLC
Sunset Realty Ny LLC
Grant Deed
$6,171,198 · Cibc INC
—
—
Sunset Commercial Property LLC
—
Loan Modification, Consolidation And Extension
related
$8,500,000 · Signature Bk
—
—
Sunset Coml Property LLC
—
Deed Of Trust
related
$7,920,000 · Cibc INC
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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