New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,875,000
Investment properties
205 Smith St, Brooklyn, NY 11201-7667
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-0804811
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1950
Total area
30,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R6B
APN
00397-0001
UPID
US63-0804811
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
Current use
Occupant on record · Public records
-
Zwanger-Pesiri Radiology Physician Medical Clinic
-
Dumbo Market Pharmacy Specialty Food Shop Supermarket
-
Bank of America Financial Center Financial Advisor
-
Brooklyn Heights Imaging Medical Clinic
-
Dumbo Market Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.88M
Owner & transaction history
Jackson Ex 2 LLC|ca 205 Smith Street LLC · 11 yrs held
Jackson Ex 2 LLC|ca 205 Smith Street LLC
since 2014
5 recorded transactions
Zoning & alternative use
R6B · 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%
$18,150,000
6.5%
$16,755,000
7%
$15,555,000
Blend value · Realmo final
$13.88M
Range $12.49M – $15.26M · ±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
$463 / 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
$359,882
Tax year 2024
Assessed value
$4,712,400
Assessed 2024
Previous assessed
$4,159,350
+13.3% YoY
Effective rate
7.64%
On assessed value
Assessed land
$900,000
Assessed improvement
$3,812,400
Land market value
$2,000,000
Improvement market value
$8,472,000
Total market value
$10,472,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
30,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R6B
APN
00397-0001
UPID
US63-0804811
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NY
Zoning R6B · permitted uses
R6B · 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
1950
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jackson Ex 2 LLC|ca 205 Smith Street LLC
Entity
Mailing address
1412 BROADWAY 3RD FL #3, NEW YORK, NY 10018-3372
Ownership since
2014
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
Jan 6, 2026
—
Ca 205 Smith Street LLC
—
Deed
related
$14,000,000 · Peapack Private Bank & Trust
Dec 15, 2014
$18,500,000
Jackson Ex 2 LLC|ca 205 Smith Street LLC
John Dee Corp
Grant Deed
$3,850,000 · Israel Discount Bk/ny
Dec 15, 2014
—
Jackson Ex 2 LLC|ca 205 Smith Street LLC
—
Loan Modification, Consolidation And Extension
related
$14,150,000 · Israel Discount Bk/ny
—
—
John Dee Corp
—
Deed Of Trust
related
$3,150,000 · Nara Bank
—
—
John Dee Corp
—
Deed Of Trust
related
$2,778,115 · Nara 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 205 Smith St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
