Entity Owned 
For Sale
1 / 8
$18,800,000
201 46Th St, Brooklyn, NY 11220
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Property summary
AI-generated overview
The property is an industrial building located in a qualified opportunity zone, situated on a 65 ft by 200 ft lot and encompassing approximately 65,000 square feet. It has 12 ft ceiling heights on floors 1 through 4 and 10 ft ceiling height in the basement. The structure is positioned to receive light and air on all sides and the basement is accessed through two separate entrances. An older freight elevator remains on-site with a maximum rated capacity of 4,000 lbs. The property is configured on a development-suitable lot size for potential future development.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
52,000 SF
Lot
0.6 ac (26,033 SF)
Zoning code
M12D
APN
00745-0001
UPID
US63-2706478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Supply Industrial Manufacturer
-
Theater & Performing Art Venue
-
Property Management Company
-
Construction Company General Contractor
-
Art Studio
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.20M
Comparable Approach
Comparable
$29.41M
Blend (final)
Blend
$23.02M
Owner & transaction history
since 2021
Last sale
$23.0M
7 recorded transactions
Zoning & alternative use
M12D · Brooklyn, NY
Top alternative use upside
Industrial (general)
$29.5M
+13.3%
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.
Full NOI build-up · 6 steps
All 3 comparables with addresses
3 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
$23.02M
Value range
$20.71M – $25.32M
±10% around blend
Estimated value / SF
$443 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$20.71M
blend $23.02M
$25.32M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
52,000 SF
Lot area
0.6 ac
Year built
1900
Stories
5
APN
00745-0001
Zoning
M12D
Assessed value
$3,135,600
Annual tax
$281,790
3
Income approach: direct capitalization
Partial preview
Income approach indication
$20.20M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$21.88M
@ 6.5% CAP return
$20.20M
@ 7% CAP return
$18.76M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$281,790
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$29.65M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.9 mi away · 38,738 SF
13.2 mi away · 65,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 276 sales
$501
-12%
County 276 sales
$501
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $443/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+13%
vs current-use indication
Warehouse, Storage · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Market benchmark
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
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.10%
Selected cap rate for this other warehouses
Derived from the Brooklyn market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$1.31M *
Last sale · Nov 2021
$23.00M
* 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$25.74M
Move the market yield to see immediate price impact.
Value / SF
$495
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
4.60%5.10%5.60%
$1.18M
$25.69M
$23.17M
$21.10M
$1.31M
$28.54M
$25.74M
$23.44M
$1.44M
$31.39M
$28.32M
$25.79M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$40.25M
1.9 mi · Jan 2026 · $631/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$281,790
Tax year 2024
Assessed value
$3,135,600
Assessed 2024
Previous assessed
$2,866,950
+9.4% YoY
Effective rate
8.99%
On assessed value
Assessed land
$234,450
Assessed improvement
$2,901,150
Land market value
$521,000
Improvement market value
$6,447,000
Total market value
$6,968,000
Applied tax rate
4.0000
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
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
4
Total area
52,000 SF
Lot
0.6 ac (26,033 SF)
Zoning code
M12D
APN
00745-0001
UPID
US63-2706478
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12D · Brooklyn, NYZoning M12D · permitted uses
M12D · 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
1900
Heating
NONE
Stories
5
Buildings
1
Units
4
Lot
0.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M12D
Jurisdiction
Brooklyn, NY
Recorded code
M12D
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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