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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Investment properties
254 Bay Rdg Ave, Brooklyn, NY 11220-5805
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-0873648
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
29,225 SF
Lot
0.38 ac (16,730 SF)
Zoning code
R5B
APN
05871-0036
UPID
US63-0873648
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.90M
Owner & transaction history
252 Bayridge Realty LLC · 14 yrs held
252 Bayridge Realty LLC
since 2012
7 recorded transactions
Zoning & alternative use
R5B · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$270 / 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
$193,544
Tax year 2024
Assessed value
$2,059,650
Assessed 2024
Previous assessed
$1,950,750
+5.6% YoY
Effective rate
9.40%
On assessed value
Assessed land
$188,100
Assessed improvement
$1,871,550
Land market value
$418,000
Improvement market value
$4,159,000
Total market value
$4,577,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
29,225 SF
Lot
0.38 ac (16,730 SF)
Zoning code
R5B
APN
05871-0036
UPID
US63-0873648
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Brooklyn, NY
Zoning R5B · permitted uses
R5B · 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
1931
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
252 Bayridge Realty LLC
Entity
Mailing address
242 BAY RDG AVE, BROOKLYN, NY 11220-5805
Ownership since
2012
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
Jun 2, 2025
—
252 Bayridge Realty LLC
—
Deed
related
$916,357 · Bank Of Hope
Mar 26, 2020
—
252 Bayridge Realty LLC
—
Deed
related
$5,000,000 · Bank Of Hope
Apr 30, 2012
$3,300,000
252 Bayridge Realty LLC
254 Bay Ridge LLC
Grant Deed
$3,000,000 · Bbu Bank
Mar 25, 2005
—
254 Bay Ridge LLC
254 Bay Ridge Avenue Corporati
Quit Claim Deed
related
—
—
—
254 Bay Ridge LLC
—
Deed Of Trust
related
$1,255,874 · Citibank NA
—
—
252 Bayridge Realty LLC
—
Deed Of Trust
related
$2,559,006 · Bank Of Hope
—
—
252 Bayridge Realty LLC
—
Loan Modification
related
$5,000,000 · Bank Of Hope
—
—
252 Bayridge Realty LLC
—
Deed Of Trust
related
$475,000 · Bbcn Bk
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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