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Property profile & analytics
FOR SALE
Manufacturing properties
250 E 88Th St Brooklyn, NY 11236
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0849118
For Sale
$1,115,000
250 E 88Th St, Brooklyn, NY 11236
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Property summary
AI-generated overview
This exceptional 3,150 square foot industrial property, located at 250 E 88th St in Brooklyn, NY 11236, presents a unique owner-user opportunity. The single-story building sits on a 4,000 square foot lot and boasts a generous 15-foot ceiling height, ideal for various distribution, manufacturing, or warehouse operations. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. Its M1-1 zoning ensures flexibility for a range of industrial uses. Situated in Kings County, this location offers convenient access to major transportation arteries, facilitating efficient logistics and distribution. The property's size and features make it an attractive option for businesses seeking a functional and strategically located industrial space. This is a rare chance to acquire a well-positioned industrial asset in a thriving Brooklyn neighborhood. The property is ready for immediate use, offering a blank canvas for your business expansion or relocation. Don't miss this opportunity to secure this prime industrial space.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1931
Total area
3,150 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-1
APN
07912-0056
UPID
US63-0849118
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
-
Forerunner Creations Metal Fabrication Plant Factory
-
Bk Iron Works Corp. Factory Production Facility
-
Ebony & Ivory Plumbing & Heating Corp. Plumbing Service General Contractor
-
Forerunner Engineering Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Bk Iron Works Corp. · 3 yrs held
Bk Iron Works Corp.
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
M1-1 · 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
Method
Estimation
Statistic approach
$1,140,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,790,000
Current use
OFFICE BUILDING
$1,735,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,580,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (Oct 5 2022)
Last sale anchor
$1.10M
Oct 5 2022
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
$354 / 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
$13,270
Tax year 2024
Assessed value
$142,200
Assessed 2024
Previous assessed
$134,100
+6.0% YoY
Effective rate
9.33%
On assessed value
Assessed land
$38,700
Assessed improvement
$103,500
Land market value
$86,000
Improvement market value
$230,000
Total market value
$316,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
3,150 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-1
APN
07912-0056
UPID
US63-0849118
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
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
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Bk Iron Works Corp.
Entity
Mailing address
24920 CANEY RD, JAMAICA, NY 11422-2521
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Bk Iron Works Corp.
—
Deed
related
$18,036 · Td Bank, N.a.
Oct 5, 2022
$1,100,000
Bk Iron Works Corp.
Marie Lodato
Deed
$920,000 · Lendstream Small Business Finance,
Apr 27, 2020
—
Richard Lodato JR
—
Deed
related
$100,000 · Signature Bank
Oct 27, 1997
$125,000
Josephine Vitiello
Eisner,abe & Ann
Grant Deed
—
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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