Property profile

249 Varet St 255 Brooklyn, NY 11206

OFF-MARKET
Motels
Property ID
US63-5881256
26,400 SF 0.21 ac lot Built 1931
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1931
Total area 26,400 SF
Lot 0.21 ac (9,000 SF)
Zoning code M1-2
APN 03110-0028
UPID US63-5881256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Bed & Breakfast
  • Bar & Pub
  • Hostel

Location

249 Varet St, Unit 255 Brooklyn, NY 11206-3823
Brooklyn metro Census 48500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$856k
Blend (final) Blend
$770k

Owner & transaction history

since 2016
7 recorded transactions
2021
Price N/A
2016
$21.0M
2016
Price N/A
2006
$2.5M
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1-2 · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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