OFF-MARKET
Office Spaces
Individually Owned
7-yr Hold
Free & Clear
Individually Owned Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1930
Total area
53,538 SF
Lot
2.64 ac (114,998 SF)
Zoning code
R3-1
APN
08470-1701
UPID
US63-3534092
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.77M
Owner & transaction history
since 2019
2 recorded transactions
Zoning & alternative use
R3-1 · Brooklyn, NY
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.
All 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$16.77M
Value range
$15.09M – $18.44M
±10% around blend
Estimated value / SF
$313 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$15.09M
blend $16.77M
$18.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,538 SF
Lot area
2.64 ac
Year built
1930
Stories
3
APN
08470-1701
Assessed value
$5,250,793
Annual tax
$488,826
3
Income approach: direct capitalization
Partial preview
Income approach indication
$21.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$23.75M
@ 6.5% CAP return
$21.92M
@ 7% CAP return
$20.36M
4
Sales comparison
Partial preview
Sales approach indication
$10.34M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.8 mi away · 49,815 SF
16.8 mi away · 44,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$16.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 228 sales
$550
-43%
County 228 sales
$550
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $313/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.25M
Move the market yield to see immediate price impact.
Value / SF
$98
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
5.00%7.00%9.00%
$331k
$6.62M
$4.73M
$3.68M
$368k
$7.35M
$5.25M
$4.08M
$404k
$8.09M
$5.78M
$4.49M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$9.15M
9.3 mi · Jan 2026 · $200/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$488,826
Tax year 2024
Assessed value
$5,250,793
Assessed 2024
Previous assessed
$4,974,781
+5.5% YoY
Effective rate
9.31%
On assessed value
Assessed land
$1,509,100
Assessed improvement
$3,741,693
Land market value
$3,353,555
Improvement market value
$8,314,873
Total market value
$11,668,428
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
53,538 SF
Lot
2.64 ac (114,998 SF)
Zoning code
R3-1
APN
08470-1701
UPID
US63-3534092
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-1 · Brooklyn, NYZoning R3-1 · permitted uses
R3-1 · 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
1930
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
2.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3-1
Jurisdiction
Brooklyn, NY
Recorded code
R3-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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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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