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Property profile & analytics
OFF-MARKET
Estimated value
$13,850,000
Warehouses
252 Newport St 262 Brooklyn, NY 11212
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3307796
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1930
Total area
69,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
M1-1
APN
03617-0018
UPID
US63-3307796
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
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.87M
CAP Approach
CAP
$12.71M
Comparable Approach
Comparable
$8.80M
Blend (final)
Blend
$13.85M
Owner & transaction history
Sh 7201 LLC · 5 yrs held
Sh 7201 LLC
since 2021
Last sale
$16.6M
7 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
$18,430,000
ML approach
$9,870,000
CAP Approach
CAP Return
Estimation
6%
$13,765,000
6.5%
$12,705,000
7%
$11,800,000
Blend value · Realmo final
$13.85M
Range $12.47M – $15.24M · ±10% · vs last sale $16.64M (Jul 8 2021)
Last sale anchor
$16.64M
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
$201 / 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
$383,733
Tax year 2024
Assessed value
$3,989,700
Assessed 2024
Previous assessed
$3,854,250
+3.5% YoY
Effective rate
9.62%
On assessed value
Assessed land
$168,750
Assessed improvement
$3,820,950
Land market value
$375,000
Improvement market value
$8,491,000
Total market value
$8,866,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
69,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
M1-1
APN
03617-0018
UPID
US63-3307796
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
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sh 7201 LLC
Entity
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
$16,638,750
Sh 7201 LLC
Wicnn Brooklyn, LLC
Deed
$3,482,880 · Northwestern Mutual Life Insurance
Oct 23, 2019
$20,750,000
Wicnn Brooklyn LLC
Div Hdv Brooklyn LLC
Deed
$1,584,116 · Pnc Bank NA
Oct 23, 2019
—
Wicnn Brooklyn LLC
—
Loan Modification
related
$10,893,750 · Pnc Bk
May 15, 2017
—
Div Hdv Brooklyn LLC
—
Trustees Deed
related
$4,650,626 · Santander Bk NA
May 25, 2016
—
Div Hdv Brooklyn LLC
—
Deed
related
$3,927,000 · Santander Bank, N A
Nov 20, 2015
$7,800,000
Div Hdv Brooklyn LLC
Tuck-it-away Newport 1 LLC
Grant Deed
—
Sep 4, 2012
$3,150,000
Tuck-it-away Newport 1 LLC
Imperial Paper Box Corp
Grant Deed
—
Jul 22, 2010
—
Imperial Paper Box Corp
—
Deed Of Trust
related
$1,000,000 · Irr Assets INC
Jul 13, 2009
—
Louis Sukoff
Ls Osborn Strealty Co INC
Grant Deed
related
$750,000 · Summa Cap Corp
—
—
Murray Cohen
—
Deed Of Trust
related
$500,000 · Ira Assets INC
—
—
Div Hdv Brooklyn LLC
—
Loan Modification
related
$3,927,000 · Santander Bk 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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