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2250 59Th St, Brooklyn, NY 11204
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Property summary
AI-generated overview
A modern, fully built-out office space within a newly constructed elevator-served building, configured for use of approximately 600 square feet. The space includes central heating and cooling systems and is set up to accommodate utilities. Parking is available on-site or nearby, and the property is located in close proximity to public transportation, within an area surrounded by major businesses. The space is suitable for a range of allowable uses under applicable zoning and building rules.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1930
Total area
52,446 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C8-2
APN
06548-0027
UPID
US63-3394550
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
-
Law Firm
-
Accounting Firm
-
(Bike/Boat/Book/etc) Store Home Decor Store
-
Loan Service Bank
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.08M
Owner & transaction history
since 2021
Last sale
$30.0M
3 recorded transactions
Zoning & alternative use
C8-2 · 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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$31.08M
Value range
$27.97M – $34.18M
±10% around blend
Estimated value / SF
$593 / SF
Confidence
Low
3 county-verified comps
Property data
100
Comparable evidence
30
$27.97M
blend $31.08M
$34.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
52,446 SF
Lot area
0.23 ac
Year built
1930
Stories
8
APN
06548-0027
Zoning
C8-2
Assessed value
$2,938,050
Annual tax
$311,198
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$22.82M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.3 mi away · 59,191 SF
9.7 mi away · 44,063 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$31.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
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
Professional Plan · 30 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$30.00M
Move the market yield to see immediate price impact.
Value / SF
$572
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%
$1.89M
$37.80M
$27.00M
$21.00M
$2.10M
$42.00M
$30.00M
$23.33M
$2.31M
$46.20M
$33.00M
$25.67M
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
$46.18M
9.2 mi · Jan 2026 · $838/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$311,198
Tax year 2024
Assessed value
$2,938,050
Assessed 2024
Previous assessed
$3,317,400
-11.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$427,500
Assessed improvement
$2,510,550
Land market value
$950,000
Improvement market value
$5,579,000
Total market value
$6,529,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1930
Heating
NONE
Buildings
1
Stories
8
Units
8
Total area
52,446 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C8-2
APN
06548-0027
UPID
US63-3394550
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-2 · Brooklyn, NYZoning C8-2 · permitted uses
C8-2 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
8
Buildings
1
Units
8
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C8-2
Jurisdiction
Brooklyn, NY
Recorded code
C8-2
Ownership Intelligence
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What opens after registration
Ownership report
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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