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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Investment properties
241 Rogers Ave, Brooklyn, NY 11225-2137
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6204911
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
8,337 SF
Lot
0.06 ac (2,779 SF)
Zoning code
R6
APN
01282-0012
UPID
US63-6204911
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
-
ETVERNAL (Bike/Boat/Book/etc) Store Florist
-
Barb's Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$4.40M
Owner & transaction history
1130-6 President St, LLC · 4 yrs held
1130-6 President St, LLC
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+88.5%
Retail stores
$6.4M
+82.7%
Industrial (general)
$4.7M
+34.7%
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
$4,430,000
ML approach
$4,530,000
CAP Approach
CAP Return
Estimation
6%
$5,045,000
6.5%
$4,655,000
7%
$4,325,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,515,000
Current use
AUTO REPAIR, GARAGE
$6,625,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$6,420,000
Change: +83% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,730,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$4,590,000
Change: +31% · Conversion: Easy
WAREHOUSE, STORAGE
$4,180,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.00M (Aug 19 2021)
Last sale anchor
$4.00M
Aug 19 2021
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
$528 / 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
$11,764
Tax year 2024
Assessed value
$730,800
Assessed 2024
Previous assessed
$678,600
+7.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$114,300
Assessed improvement
$616,500
Land market value
$254,000
Improvement market value
$1,370,000
Total market value
$1,624,000
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Units
10
Total area
8,337 SF
Lot
0.06 ac (2,779 SF)
Zoning code
R6
APN
01282-0012
UPID
US63-6204911
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1920
Heating
NONE
Stories
3
Buildings
1
Units
10
Lot
0.06 ac
Current owner
From public records · entity-resolved
1130-6 President St, LLC
Entity
Mailing address
862 BROADWAY APT #3, NEW YORK, NY 10003-1242
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
$4,000,000
1130-6 President St, LLC
President Street Apts. LLC
Deed
$2,400,000 · Signature Bank
Aug 31, 2018
—
President Street Apts LLC
—
Deed
related
$2,100,000 · Jp Morgan Chase Bk
Jan 9, 2013
$1,400,000
President Street Apts LLC
Purple Sky Dev LLC
Grant Deed
—
Oct 12, 2007
$975,000
Purple Sky Development LLC
Mendelson,robert
Grant Deed
—
Apr 27, 2004
$750,000
Robert Mendelson
Kassim,nabig
Grant Deed
$520,000 · Flushing Savings Bank
Mar 1, 2001
$450,000
Nagib Kassim
Sosa,andres
Grant Deed
$270,000 · Interbay Funding LLC
Nov 30, 1998
$195,000
Andres D Sosa
Sosa,andres
Grant Deed
related
$195,000 · Greenpoint Bank
—
—
President Street Apts LLC
—
Loan Modification
related
$2,100,000 · Jp Morgan Chase Bk
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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