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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Office buildings
2460 Flatbush Ave Brooklyn, NY 11234-5013
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2616693
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1950
Total area
8,000 SF
Lot
0.09 ac (4,000 SF)
Zoning code
C8-1
APN
08542-0065
UPID
US63-2616693
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
-
Brooklyn Eye Institute Ophthalmologist
-
Saponieri Cesare MD Physician
-
Marks Optical Boutique Ophthalmologist (Bike/Boat/Book/etc) Store
-
Dr. Sarwat Salim, MD Physician
-
New York Medical Center - Flatbush No Fault Doctor - Workers Compensation Doctor Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.29M
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Flatbush Realty Holdings Acquisitio · 3 yrs held
Flatbush Realty Holdings Acquisitio
since 2023
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
C8-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.5M
+3.1%
Retail stores
$4.4M
+0.7%
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
$3,295,000
ML approach
$3,285,000
CAP Approach
CAP Return
Estimation
6%
$3,550,000
6.5%
$3,275,000
7%
$3,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,405,000
Current use
INDUSTRIAL (GENERAL)
$4,540,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$4,430,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,010,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10% · vs last sale $3.30M (Apr 3 2023)
Last sale anchor
$3.30M
Apr 3 2023
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
$412 / 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
$84,032
Tax year 2024
Assessed value
$793,350
Assessed 2024
Previous assessed
$947,700
-16.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$115,200
Assessed improvement
$678,150
Land market value
$256,000
Improvement market value
$1,507,000
Total market value
$1,763,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Units
6
Total area
8,000 SF
Lot
0.09 ac (4,000 SF)
Zoning code
C8-1
APN
08542-0065
UPID
US63-2616693
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Brooklyn, NY
Zoning C8-1 · permitted uses
C8-1 · 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
OFFICE BUILDING Current
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1950
Heating
NONE
Stories
2
Buildings
1
Units
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
Flatbush Realty Holdings Acquisitio
Entity
Mailing address
2460 FLATBUSH AVE, BROOKLYN, NY 11234-5013
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$3,300,000
Flatbush Realty Holdings Acquisitio
Flatbush Realty Holdings LLC
Deed
$2,600,000 · Flatbush Realty Holdings LLC
Mar 21, 2014
$2,400,000
Flatbush Realty Holdings LLC
Budget Wines & Liquors INC
Deed
—
—
—
Flatbush Realty Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$1,680,000 · Investors Bank & Trust
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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