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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Motels
235 Meeker Ave, Brooklyn, NY 11211-1244
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-6197266
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2006
Total area
18,426 SF
Lot
0.18 ac (8,025 SF)
Zoning code
M12R6
APN
02741-0017
UPID
US63-6197266
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
-
HIpHoticHelps Inc. Association Or Organization
-
prospect park Park
-
Hotel Le Jolie - A Williamsburg Brooklyn Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Gangeshwar LLC · 20 yrs held
Gangeshwar LLC
since 2005
7 recorded transactions
Zoning & alternative use
M12R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+63.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$790,000
Current use
WAREHOUSE, STORAGE
$1,290,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$45 / 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
$24,690
Tax year 2024
Assessed value
$3,881,250
Assessed 2024
Previous assessed
$3,421,800
+13.4% YoY
Effective rate
0.64%
On assessed value
Assessed land
$233,100
Assessed improvement
$3,648,150
Land market value
$518,000
Improvement market value
$8,107,000
Total market value
$8,625,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
1
Stories
7
Units
1
Total area
18,426 SF
Lot
0.18 ac (8,025 SF)
Zoning code
M12R6
APN
02741-0017
UPID
US63-6197266
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6 · Brooklyn, NY
Zoning M12R6 · permitted uses
M12R6 · 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
HOTEL/MOTEL Current
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$1.3M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
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
2006
Heating
NONE
Stories
7
Buildings
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Gangeshwar LLC
Entity
Mailing address
235 MEEKER AVE, BROOKLYN, NY 11211-1244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2016
—
Gangeshwar LLC
—
Deed
related
$5,400,000 · Hanmi Bk
Nov 13, 2007
—
Gangeshwar LLC
—
Deed Of Trust
related
$5,000,000 · Intervest National Bank
Sep 18, 2006
—
Gangeshwar LLC
—
Trustees Deed
related
$4,300,000 · Hanmi Bank
Nov 15, 2005
$2,910,000
Gangeshwar LLC
40-42 Withers Street LLC
Grant Deed
—
Dec 1, 2004
$1,600,000
40-42 Withers Street LLC
Greene,harold & Harold M
Grant Deed
$825,000 · United Orient Bank
—
—
Gangeshwar LLC
—
Deed Of Trust
related
$382,364 · Hanmi Bank
—
—
Gangeshwar LLC
—
Deed Of Trust
related
$4,750,000 · Hanmi Bank
—
—
Gangeshwar LLC
—
Loan Modification, Consolidation And Extension
related
$5,400,000 · Hanmi Bk
—
—
Gangeshwar LLC
—
Deed Of Trust
related
$700,000 · Intervest National Bank
—
—
Gangeshwar LLC
—
Deed Of Trust
related
$4,750,000 · Hanmi 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.
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