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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Office buildings
2493 Ralph Ave Brooklyn, NY 11234
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2385256
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1950
Total area
5,750 SF
Lot
0.3 ac (12,970 SF)
Zoning code
R3-2
APN
08383-0014
UPID
US63-2385256
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
$2.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
4120 Broadway Realty LLC · 8 yrs held
4120 Broadway Realty LLC
since 2018
3 recorded transactions
Zoning & alternative use
R3-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.3M
+3.1%
Retail stores
$3.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,550,000
6.5%
$2,355,000
7%
$2,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,165,000
Current use
INDUSTRIAL (GENERAL)
$3,265,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$3,185,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,880,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$393 / 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
$70,285
Tax year 2024
Assessed value
$738,450
Assessed 2024
Previous assessed
$760,500
-2.9% YoY
Effective rate
9.52%
On assessed value
Assessed land
$166,050
Assessed improvement
$572,400
Land market value
$369,000
Improvement market value
$1,272,000
Total market value
$1,641,000
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
1
Units
1
Total area
5,750 SF
Lot
0.3 ac (12,970 SF)
Zoning code
R3-2
APN
08383-0014
UPID
US63-2385256
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Brooklyn, NY
Zoning R3-2 · permitted uses
R3-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.9M
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
1
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
4120 Broadway Realty LLC
Entity
Mailing address
560 S BROADWAY #207, HICKSVILLE, NY 11801-5013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 13, 2018
—
4120 Broadway Realty LLC
—
Loan Modification
related
$21,000,000 · Bank Of America
Jun 23, 2017
—
Flushing Medical Arts Building
—
Grant Deed
related
$9,000,000 · Citibank
—
—
Mill Basin Medical Arts INC
—
Deed Of Trust
related
$241,055 · Ge Com'l Finance Business Prop
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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