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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Industrial properties
220 Conover St Brooklyn, NY 11231-1119
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1083401
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1925
Total area
4,875 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M1-1
APN
00585-0036
UPID
US63-1083401
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
-
Cacao Bio Technologies Llc Pharmacy
-
Botanica at Widow Jane Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$770k
Owner & transaction history
220 Conover Street LLC · 8 yrs held
220 Conover Street LLC
since 2018
6 recorded transactions
Zoning & alternative use
M1-1 · 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$158 / 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
$30,438
Tax year 2024
Assessed value
$326,250
Assessed 2024
Previous assessed
$307,800
+6.0% YoY
Effective rate
9.33%
On assessed value
Assessed land
$31,500
Assessed improvement
$294,750
Land market value
$70,000
Improvement market value
$655,000
Total market value
$725,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
4,875 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M1-1
APN
00585-0036
UPID
US63-1083401
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
220 Conover Street LLC
Entity
Mailing address
220 CONOVER ST, BROOKLYN, NY 11231-1119
Ownership since
2018
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 1, 2018
$4,150,000
220 Conover Street LLC
Lnlj 220 LLC
Grant Deed
—
Mar 25, 2016
$4,000,000
Lnlj 220 LLC
Bk 220 LLC
Grant Deed
—
Mar 15, 2010
—
Bk 220 LLC
Preston,daniel & Jo-anne
Grant Deed
—
Oct 27, 2005
—
Daniel Preston
Joanne Preston
Intrafamily Transfer
related
$570,000 · Flushing Savings Bank
Oct 15, 1998
$175,000
Jo-anne Preston
Ackerman,leon C
Grant Deed
—
—
—
Bk 220 LLC
—
Deed Of Trust
related
$2,500,000 · Christophe Watel-dehaynin
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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