Financial
Distress signals
Property profile

228 50th St 240 Brooklyn, NY 11220

OFF-MARKET
Warehouses
Property ID
US63-3567480
11,760 SF 0.28 ac lot Built 1931
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$75k
Tax billed · 2024
Assessed value$848k
Assessed land$162k
Assessed improvement$686k
Effective rate8.88%

Value estimate

· Sep 2026
$550k
$495k – $605k
CAP approach$4.57M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$501/SF
Submarket average, outlier-cleaned · 276 recorded sales of this use type
Observed band · Q1–Q3$306 – $773
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M12D
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.3
Law Firm20.8
Nursing Home13.9

Location

228 50th St, Unit 240 Brooklyn, NY 11220-1711
County assessor Recorded deeds · not on file 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
139 58th, Brooklyn, NY 11220-2515 $5,800,000 Jun 2024 14,698 SF
5410 3rd, Brooklyn, NY 11220-2602 $2,350,000 May 2024 7,160 SF
5504 3rd, Brooklyn, NY 11220-2609 $2,800,000 Jan 2023 6,500 SF
264 49th, Brooklyn, NY 11220-1709 $600,000 Apr 2022 6,000 SF
241 48th, Brooklyn, NY 11220-1011 $4,100,000 Dec 2021 7,712 SF
261 48th, Brooklyn, NY 11220 $2,700,000 Jun 2020 5,092 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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