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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Sports & entertainment properties
2214 69th St, Brooklyn, NY 11234-6522
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1074699
Property summary
AI-generated overview
This exceptional 33,000 square foot lot presents a unique investment opportunity in the thriving Brooklyn market. Located at 2214 East 69th Street, Brooklyn, New York, 11234, this property boasts an M1-1 zoning designation, opening doors to a wide range of commercial and industrial uses. The expansive lot size provides ample space for development, making it ideal for businesses seeking a strategic location in a dynamic area. Its Kings County address offers convenient access to major transportation arteries, ensuring seamless connectivity for both employees and clients. The precise coordinates are 40.616828 latitude and -73.9069213 longitude. This property is ready for immediate development, presenting a rare chance to capitalize on Brooklyn's robust economic growth. The M1-1 zoning allows for a variety of commercial and industrial projects, providing flexibility for diverse development plans. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel. Don't miss this chance to secure a prime piece of Brooklyn real estate. The address is easily accessible and well-situated within the vibrant Brooklyn community. This is a truly remarkable opportunity for investors and developers alike.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1959
Total area
2,200 SF
Lot
0.69 ac (30,000 SF)
Zoning code
M1-1
APN
08437-0039
UPID
US63-1074699
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$456k
Blend (final)
Blend
$545k
Owner & transaction history
1300 Holdings LLC · 8 yrs held
1300 Holdings LLC
since 2017
7 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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$395,000
Current use
RETAIL STORES
$380,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$360,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$330,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$248 / 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
$27,254
Tax year 2024
Assessed value
$259,650
Assessed 2024
Previous assessed
$252,000
+3.0% YoY
Effective rate
10.50%
On assessed value
Assessed land
$197,550
Assessed improvement
$62,100
Land market value
$439,000
Improvement market value
$138,000
Total market value
$577,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1959
Heating
NONE
Buildings
2
Stories
1
Total area
2,200 SF
Lot
0.69 ac (30,000 SF)
Zoning code
M1-1
APN
08437-0039
UPID
US63-1074699
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning 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
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$395,000
RETAIL STORES
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$360,000
COMMERCIAL (GENERAL)
Est. value
$330,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
1300 Holdings LLC
Entity
Mailing address
2433 KNAPP ST, BROOKLYN, NY 11235-1005
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
1300 Holdings LLC
—
Deed
related
$1,700,000 · Walden Savings Bank
Jan 13, 2025
—
1300 Holdings LLC
—
Deed
related
$1,500,000 · Robert Martino, As Nominee
Jun 28, 2022
—
1300 Holdings LLC
—
Deed
related
$700,000 · Robert Martino, As Nominee
Feb 16, 2021
—
1300 Holdings LLC
—
Deed
related
$600,000 · Martino, As Nominee, Robert
Oct 11, 2019
—
1300 Holdings LLC
—
Grant Deed
related
$1,900,000 · Ehs Capital Group LLC
Jul 11, 2019
—
1300 Holdings LLC
—
Deed
related
$900,000 · Popcorn 143 LLC
Jun 26, 2019
—
1300 Holdings LLC
—
Deed
related
$300,000 · Popcorn 143 LLC
Jan 4, 2019
—
1300 Holdings LLC
—
Deed
related
$600,000 · Popcorn 143 LLC
Aug 17, 2017
—
1300 Holdings LLC
4800 Holdings LLC
Quit Claim Deed
—
Sep 9, 2016
—
4800 Holdings LLC
—
Deed
related
$700,000 · Kathleen Muller
Jul 7, 2015
$2,500,000
4800 Holdings LLC
Muller Boat Works INC
Grant Deed
$1,600,000 · Muller Boat Works INC
—
—
1300 Holdings LLC
—
Deed Of Trust
related
$600,000 · Popcorn 143 LLC
—
—
1300 Holdings LLC
—
Deed Of Trust
related
$300,000 · Popcorn 143 LLC
—
—
1300 Holdings LLC
—
Loan Modification
related
$900,000 · Popcorn 143 LLC
—
—
1300 Holdings LLC
—
Loan Modification
related
$29,166 · Ehs Capital Group LLC
—
—
4800 Holdings LLC
—
Deed Of Trust
related
$700,000 · Kathleen Muller
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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