Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Banks
23 Brighton 11th St Brooklyn, NY 11235-5308
Entity Owned
5-yr Hold
Property ID
US63-5695748
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2022
Total area
29,716 SF
Lot
0.13 ac (5,445 SF)
Zoning code
R6
APN
08711-0014
UPID
US63-5695748
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
-
Studio21 Salon Hair Salon Nail Salon
-
Dr. Larry Tetsoti, MD Physician Medical Clinic
-
NY Smart Start Tutoring Service
-
Academic Tutoring Tutoring Service
-
Brooklyn School of Excellence High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
23 Brighton 11th Holdings LLC · 5 yrs held
23 Brighton 11th Holdings LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R6 · 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
$1,675,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.28M (Nov 13 2020)
Last sale anchor
$1.28M
Nov 13 2020
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
$44 / 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
$198,664
Tax year 2024
Assessed value
$1,969,200
Assessed 2024
Previous assessed
$196,200
+903.7% YoY
Effective rate
10.09%
On assessed value
Assessed land
$196,200
Assessed improvement
$1,773,000
Land market value
$436,000
Improvement market value
$3,940,000
Total market value
$4,376,000
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
1
Stories
8
Units
5
Total area
29,716 SF
Lot
0.13 ac (5,445 SF)
Zoning code
R6
APN
08711-0014
UPID
US63-5695748
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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.
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
8
Buildings
1
Units
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
23 Brighton 11th Holdings LLC
Entity
Mailing address
93 ROMER RD, STATEN ISLAND, NY 10304-1226
Ownership since
2020
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
Mar 31, 2022
—
23 Brighton 11th Holdings LLC
—
Deed
related
$9,400,000 · Ponce Bank
Nov 13, 2020
$1,275,000
23 Brighton 11th Holdings LLC
Jack Meersand
Deed
$1,020,000 · Cross County Savings Bank
Nov 18, 2019
—
Jack Meersand
Jack Meersand
Quit Claim Deed
related
—
Jun 28, 2016
—
Jack Meersand
—
Deed
related
$139,391 · U S Bank, National Association
—
—
Meersand,jack & Wendy
—
Deed Of Trust
related
$234,400 · Loandepot.com LLC
—
—
Jack Meersand
—
Loan Modification, Consolidation And Extension
related
$351,000 · Us Bk
—
—
Jack Meersand
—
Deed Of Trust
related
$77,672 · Indymac Bank Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 Brighton 11th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
