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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail properties & Spaces
2359 Bedford Ave, Brooklyn, NY 11226-5403
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3107407
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Year built
1932
Total area
175,875 SF
Lot
1.24 ac (53,884 SF)
Zoning code
C4-2
APN
05133-0014
UPID
US63-3107407
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
-
Sears Heating and Air Conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Bedford Beverly 2360 LLC · 2 yrs held
Bedford Beverly 2360 LLC
since 2023
7 recorded transactions
Zoning & alternative use
C4-2 · 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
by Request
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$6 / 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
$580,173
Tax year 2024
Assessed value
$6,648,300
Assessed 2024
Previous assessed
$8,219,250
-19.1% YoY
Effective rate
8.73%
On assessed value
Assessed land
$712,800
Assessed improvement
$5,935,500
Land market value
$1,584,000
Improvement market value
$13,190,000
Total market value
$14,774,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Status
Off-Market
Year built
1932
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
175,875 SF
Lot
1.24 ac (53,884 SF)
Zoning code
C4-2
APN
05133-0014
UPID
US63-3107407
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Brooklyn, NY
Zoning C4-2 · permitted uses
C4-2 · 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
1932
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Bedford Beverly 2360 LLC
Entity
Mailing address
4611 12TH AVE STE 1L, BROOKLYN, NY 11219-2514
Ownership since
2023
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
Dec 5, 2023
—
Bedford Beverly 2360 LLC
Bedford Beverly Acquisitions LLC
Deed
$19,000,000 · Cross River Bank
Nov 6, 2023
—
Bedford Beverly Acquisitons LLC
Bedford Beverly Acquisitons LLC
Deed
related
—
May 16, 2022
$40,277,250
Bedford Beverly Acquisitions LLC
Transform Operating Stores LLC
Deed
—
May 16, 2022
$50,604,750
Bedford Beverly Acquisitions LLC
Interprop Bedford L.l.c.
Deed
$67,500,000 · Valley National Bank
Nov 1, 2019
—
Transform Operating Stores LLC
—
Loan Modification
related
$19,700,000 · Cantor Fitzgerald Securities
Sep 4, 2019
$3,800,000
Transform Operating Stores LLC
Sears Roebuck & Co
Quit Claim Deed
$19,700,000 · Cantor Fitzgerald Securities
May 22, 2018
—
Sears Roebuck & Co
—
Loan Modification
related
$34,400,000 · Jpp LLC
May 1, 2018
—
Sears Roebuck & Co
—
Loan Modification
related
$34,400,000 · Jpp II LLC
Jan 16, 2018
—
Sears Roebuck
—
Grant Deed
related
$33,800,000 · Jpp LLC
—
—
Transform Operating Stores LLC
—
Deed Of Trust
related
$10,000,000 · Jpp LLC
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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