New search
Property profile & analytics
OFF-MARKET
Estimated value
$22,640,000
Retail residential properties
262 9th St, Brooklyn, NY 11215-7609
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2105646
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Total area
66,555 SF
Lot
0.19 ac (8,260 SF)
Zoning code
C44D
APN
01010-0010
UPID
US63-2105646
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
-
The Deermar Residences Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.64M
Owner & transaction history
The Deermar LLC · 4 yrs held
The Deermar LLC
since 2022
7 recorded transactions
Zoning & alternative use
C44D · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$36,635,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$22.64M
Range $20.38M – $24.90M · ±10%
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
$340 / 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
$69,547
Tax year 2024
Assessed value
$8,419,950
Assessed 2024
Previous assessed
$7,231,050
+16.4% YoY
Effective rate
0.83%
On assessed value
Assessed land
$223,200
Assessed improvement
$8,196,750
Land market value
$496,000
Improvement market value
$18,215,000
Total market value
$18,711,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
11
Units
74
Total area
66,555 SF
Lot
0.19 ac (8,260 SF)
Zoning code
C44D
APN
01010-0010
UPID
US63-2105646
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44D · Brooklyn, NY
Zoning C44D · permitted uses
C44D · 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
OFFICE BUILDING
Est. value
$36.6M
OFFICE BUILDING
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
2019
Heating
NONE
Stories
11
Buildings
2
Units
74
Lot
0.19 ac
Current owner
From public records · entity-resolved
The Deermar LLC
Entity
Mailing address
1274 49TH ST #443, BROOKLYN, NY 11219-3011
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
The Deermar LLC
—
Deed
related
$14,200,000 · Lincoln Benefit Life Company
May 3, 2022
—
The Deermar Residences LLC
—
Deed
related
$45,400,000 · Bcc Funding II LLC
Feb 7, 2022
—
The Deermar LLC
Vibes Of One LLC
Deed
$15,900,000 · Bcc Funding II LLC
Oct 14, 2021
—
Vibes Of One LLC
—
Deed
related
$2,000,000 · Bank Leumi USA
Jan 16, 2020
—
Vibes Of One LLC
—
Deed
related
$10,320,000 · Bank Leumi USA
Jul 18, 2018
$15,500,000
Vibes Of One LLC
Good Shepherd Services INC
Grant Deed
$10,320,000 · Bank Leumi USA
May 7, 2009
—
N 9th LLC
—
Deed Of Trust
related
$4,580,000 · United Commercial Bank
—
—
Vibes Of One LLC
—
Deed Of Trust
related
$21,546,874 · Bank Leumi USA
—
—
Vibes Of One LLC
—
Loan Modification
related
$10,320,000 · Bank Leumi USA
—
—
Vibes Of One LLC
—
Deed Of Trust
related
$5,233,126 · Bank Leumi USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 262 9th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
