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Property profile & analytics
OFF-MARKET
Estimated value
$8,220,000
Office buildings
242 Broadway Brooklyn, NY 11211
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-1892780
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1910
Total area
36,254 SF
Lot
0.2 ac (8,875 SF)
Zoning code
C4-3
APN
02140-0013
UPID
US63-1892780
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.22M
Owner & transaction history
240 Broadway Property LLC · 7 yrs held
240 Broadway Property LLC
since 2019
7 recorded transactions
Zoning & alternative use
C4-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$227 / 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
$169,843
Tax year 2024
Assessed value
$1,872,900
Assessed 2024
Previous assessed
$1,332,900
+40.5% YoY
Effective rate
9.07%
On assessed value
Assessed land
$499,050
Assessed improvement
$1,373,850
Land market value
$1,109,000
Improvement market value
$3,053,000
Total market value
$4,162,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
26
Total area
36,254 SF
Lot
0.2 ac (8,875 SF)
Zoning code
C4-3
APN
02140-0013
UPID
US63-1892780
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Brooklyn, NY
Zoning C4-3 · permitted uses
C4-3 · 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
1910
Heating
NONE
Stories
5
Buildings
1
Units
26
Lot
0.2 ac
Current owner
From public records · entity-resolved
240 Broadway Property LLC
Entity
Mailing address
242 BROADWAY, BROOKLYN, NY 11211
Ownership since
2019
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
Jan 12, 2026
—
240 Broadway Property LLC
—
Deed
related
$57,128 · Northfield Bank
Apr 27, 2023
—
240 Broadway Property LLC
—
Deed
related
$3,852,709 · Israel Discount Bank Of New York
Jun 4, 2019
$20,100,000
240 Broadway Property LLC
240 Broadway INC
Trustees Deed
$8,500,000 · Israel Discount Bk/ny
Jun 4, 2019
—
240 Broadway Property LLC
—
Loan Modification
related
$16,500,000 · Israel Discount Bk/ny
Apr 4, 2011
—
240 Broadway INC
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase Bank
—
—
240 Broadway INC
—
Deed Of Trust
related
$176,319 · Independence Community Bank
—
—
240 Broadway INC
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase 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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