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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Medical Office Space
2516 Neptune Ave 2528, Brooklyn, NY 11224-2317
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1595627
Property summary
AI-generated overview
This exceptional 4,600 square foot industrial space, located in Kings County on a 12,000 square foot lot, presents a unique opportunity for a variety of businesses. Situated on the corner of W 27th St, this single-story building boasts a 13-foot ceiling height, providing ample vertical space. The property underwent a complete renovation in 2024, ensuring modern and efficient functionality. The space is currently vacant and ready for immediate occupancy. Features include heating and air conditioning, men's and women's restrooms, and windows in most offices. Ample parking is available with 50 secured spaces in the on-site lot. The property's versatile design makes it ideal for a wide range of uses, including medical centers, banks, retail establishments, rehabilitation centers, care facilities, gyms, schools, or general office space. The APN is 07013-0001. This prime Coney Island location offers excellent visibility and accessibility. Don't miss this chance to secure this exceptional industrial property.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1936
Total area
4,200 SF
Lot
0.28 ac (12,000 SF)
Zoning code
R5
APN
07013-0001
UPID
US63-1595627
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
-
Hoyt Transportation Corporation Travel Agency Tour Operator
-
A Song of Ascents Adult Day Care Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Neptune Equities Group Ny LLC · 2 yrs held
Neptune Equities Group Ny LLC
since 2023
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
R5 · 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
$2,660,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $2.67M (Sep 7 2023)
Last sale anchor
$2.67M
Sep 7 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
$638 / 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
$38,541
Tax year 2024
Assessed value
$380,250
Assessed 2024
Previous assessed
$372,600
+2.1% YoY
Effective rate
10.14%
On assessed value
Assessed land
$121,950
Assessed improvement
$258,300
Land market value
$271,000
Improvement market value
$574,000
Total market value
$845,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
4,200 SF
Lot
0.28 ac (12,000 SF)
Zoning code
R5
APN
07013-0001
UPID
US63-1595627
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Brooklyn, NY
Zoning R5 · permitted uses
R5 · 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.
Building & site characteristics
From public records
Year built
1936
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Neptune Equities Group Ny LLC
Entity
Mailing address
2741 W 23RD ST, BROOKLYN, NY 11224-2338
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
Sep 7, 2023
$2,667,500
Neptune Equities Group Ny LLC
2516 Neptune LLC
Deed
—
Dec 26, 2017
—
2516 Neptune LLC
—
Deed
related
$800,000 · Investors Bank & Trust Co
Apr 29, 2015
$1,100,000
2516 Neptune LLC
Termini Joseph & Phyllis
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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