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Property profile & analytics
FOR SALE
Warehouses
228 46th St 248 Brooklyn, NY 11220-1008
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-0994082
For Sale
1 / 2
Contact for pricing
228 46th St,Unit 248, Brooklyn, NY 11220-1008
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1914
Total area
27,000 SF
Lot
0.46 ac (20,033 SF)
Zoning code
M12D
APN
00754-0017
UPID
US63-0994082
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
Mak Holdings LLC · 22 yrs held
Mak Holdings LLC
since 2004
7 recorded transactions
Zoning & alternative use
M12D · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$204 / 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
$106,577
Tax year 2024
Assessed value
$1,006,200
Assessed 2024
Previous assessed
$1,244,700
-19.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$180,450
Assessed improvement
$825,750
Land market value
$401,000
Improvement market value
$1,835,000
Total market value
$2,236,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1914
Heating
NONE
Buildings
1
Stories
2
Units
5
Total area
27,000 SF
Lot
0.46 ac (20,033 SF)
Zoning code
M12D
APN
00754-0017
UPID
US63-0994082
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12D · Brooklyn, NYZoning M12D · permitted uses
M12D · 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
1914
Heating
NONE
Stories
2
Buildings
1
Units
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mak Holdings LLC
Entity
Mailing address
1937 E 9TH ST, BROOKLYN, NY 11223-3241
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
M.a.k. Holdings LLC
—
Deed
related
$909,987 · Spencer Savings Bank, Sla
Mar 1, 2019
—
M A K Holdings LLC
—
Deed
related
$2,170,000 · Spencer Savings Bank Sla
Mar 23, 2004
$2,325,000
Mak Holdings LLC
Lomia Realty Corp
Grant Deed
related
$1,700,000 · Atlantic Liberty Savings Fa
—
—
Mak Holdings LLC
—
Loan Modification
related
$1,375,000 · Flushing Bk
—
—
Mak Holdings LLC
—
Loan Modification
related
$2,170,000 · Spencer Svgs Bk
—
—
Mak Holdings LLC
—
Deed Of Trust
related
$93,563 · Flushing Bk
—
—
Lomia Realty Corp
—
Deed Of Trust
related
$530,000 · Pamrapo Savings 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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