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Property profile & analytics
OFF-MARKET
Estimated value
$6,535,000
Warehouses
250 Johnson Ave Brooklyn, NY 11206-2801
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1075307
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
15,290 SF
Lot
0.35 ac (15,290 SF)
Zoning code
M1-1
APN
03073-0028
UPID
US63-1075307
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
$7.15M
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$6.54M
Owner & transaction history
Spg 250 Johnson Ave LLC · 5 yrs held
Spg 250 Johnson Ave LLC
since 2021
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.7M
+52.9%
Office building
$8.4M
+48.3%
Commercial (general)
$6.7M
+17.2%
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
$7,255,000
ML approach
$7,145,000
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,675,000
Current use
INDUSTRIAL (GENERAL)
$8,680,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$8,415,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,650,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,670,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.54M
Range $5.88M – $7.19M · ±10% · vs last sale $6.45M (Jul 8 2021)
Last sale anchor
$6.45M
Jul 8 2021
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
$427 / 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
$90,876
Tax year 2024
Assessed value
$1,064,250
Assessed 2024
Previous assessed
$899,550
+18.3% YoY
Effective rate
8.54%
On assessed value
Assessed land
$240,750
Assessed improvement
$823,500
Land market value
$535,000
Improvement market value
$1,830,000
Total market value
$2,365,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
15,290 SF
Lot
0.35 ac (15,290 SF)
Zoning code
M1-1
APN
03073-0028
UPID
US63-1075307
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1960
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Spg 250 Johnson Ave LLC
Entity
Mailing address
100 FRNT ST STE #350, CONSHOHOCKEN, PA 19428-2889
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Spg 250 Johnson Ave LLC
—
Deed
related
$4,000,000 · Jpmorgan Chase Bank, N.a.
Jul 8, 2021
$6,450,000
Spg 250 Johnson Ave LLC
250 Johnson Ave LLC
Deed
—
Jun 14, 2018
—
250 Johnson Ave LLC
—
Deed
related
$965,325 · Vnb New York LLC
Oct 27, 2009
$1,900,000
250 Johnson Ave LLC
Messing Kings Realty LLC
Grant Deed
—
May 25, 2007
—
Messing Kings Realty LLC
Miron Lumber Co INC
Grant Deed
$1,846,948 · Banco Popular NA
—
—
250 Johnson Ave LLC
—
Loan Modification, Consolidation And Extension
related
$1,319,540 · Citibank
—
—
250 Johnson Ave LLC
—
Loan Modification
related
$1,900,000 · Valley Nat'l Bk
—
—
250 Johnson Ave LLC
—
Deed Of Trust
related
$1,425,000 · Citibank NA
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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