Entity Owned Property summary
AI-generated overview
This exceptional commercial condo, located at 269 Bay 8th Street in Brooklyn, New York, presents a unique investment opportunity. The property encompasses 3,243 square feet, spread across the first floor and lower level, currently vacant and ready for immediate occupancy. Priced at $899,000, this translates to a compelling price per square foot of $277.21. The building features central heating and cooling, ensuring year-round comfort for tenants. The property is zoned R4, offering flexibility for a variety of commercial uses. Its convenient location provides easy access to the Belt Parkway, enhancing accessibility and logistical efficiency for businesses. This is a traditional office space ideal for a variety of uses, offering a strong return on investment in a vibrant Brooklyn neighborhood. The address is 269 Bay 8th Street, Brooklyn, NY 11228, Kings County. The property is a vacant commercial condo, ready for immediate renovation and occupancy to suit the buyer's specific needs. This presents a rare opportunity to acquire a well-located, sizable office space in a thriving area of Brooklyn.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
3,243 SF
Zoning code
R4
APN
06459-1003
UPID
US63-6193638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$467k
Blend (final)
Blend
$585k
Owner & transaction history
since 2025
Last sale
$758,000
4 recorded transactions
Zoning & alternative use
R4 · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 20 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$585k
Value range
$527k – $644k
±10% around blend
Estimated value / SF
$180 / SF
Confidence
High
20 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
$527k
blend $585k
$644k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,243 SF
Stories
3
APN
06459-1003
Zoning
R4
Assessed value
$170,707
Annual tax
$14,315
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.86M
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 2,800 SF
0.8 mi away · 2,724 SF
1.0 mi away · 3,088 SF
1.1 mi away · 3,947 SF
1.2 mi away · 3,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$585k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 56 sales
$454
-60%
Submarket 3044 sales
$491
-63%
County 3044 sales
$491
-63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $180/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$758k
Move the market yield to see immediate price impact.
Value / SF
$234
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$48k
$955k
$682k
$531k
$53k
$1.06M
$758k
$590k
$58k
$1.17M
$834k
$649k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$1.48M
0.3 mi · Feb 2026 · $451/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,315
Tax year 2024
Assessed value
$170,707
Assessed 2024
Previous assessed
$150,907
+13.1% YoY
Effective rate
8.39%
On assessed value
Assessed land
$50,107
Assessed improvement
$120,600
Land market value
$111,348
Improvement market value
$268,000
Total market value
$379,348
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
3,243 SF
Zoning code
R4
APN
06459-1003
UPID
US63-6193638
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Brooklyn, NYZoning R4 · permitted uses
R4 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Stories
3
Buildings
1
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4
Jurisdiction
Brooklyn, NY
Recorded code
R4
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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