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Property profile & analytics
OFF-MARKET
Estimated value
$28,880,000
Retail residential properties
280 Meeker Ave, Brooklyn, NY 11211-6090
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2644363
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2023
Total area
74,189 SF
Lot
0.25 ac (10,817 SF)
Zoning code
M12R6
APN
02742-0009
UPID
US63-2644363
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 vertex Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.88M
Owner & transaction history
280 Meeker LLC · 4 yrs held
280 Meeker LLC
since 2022
7 recorded transactions
Zoning & alternative use
M12R6 · 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
INDUSTRIAL (GENERAL)
$42,110,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$40,840,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$28.88M
Range $25.99M – $31.77M · ±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
$389 / 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
$1,025,658
Tax year 2024
Assessed value
$8,203,950
Assessed 2024
Previous assessed
$170,550
+4,710.3% YoY
Effective rate
12.50%
On assessed value
Assessed land
$96,300
Assessed improvement
$8,107,650
Land market value
$214,000
Improvement market value
$18,017,000
Total market value
$18,231,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2023
Heating
NONE
Stories
8
Units
70
Total area
74,189 SF
Lot
0.25 ac (10,817 SF)
Zoning code
M12R6
APN
02742-0009
UPID
US63-2644363
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6 · Brooklyn, NY
Zoning M12R6 · permitted uses
M12R6 · 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
INDUSTRIAL (GENERAL)
Est. value
$42.1M
OFFICE BUILDING
Est. value
$40.8M
INDUSTRIAL (GENERAL)
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
2023
Heating
NONE
Stories
8
Units
70
Lot
0.25 ac
Current owner
From public records · entity-resolved
280 Meeker LLC
Entity
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Withers Tower LLC
—
Deed
related
$8,649,507 · The Bank Of Princeton
Jan 19, 2022
—
280 Meeker LLC
Leigh Wilkinson
Deed
$17,070,145 · The Bank Of Princeton
Apr 6, 2020
—
Withers Tower LLC
—
Deed
related
$3,280,348 · Bank Of Princeton
Apr 6, 2017
—
280 Meeker LLC
—
Loan Modification
related
$1,500,000 · Meeker Lorimer 2 LLC
Nov 25, 2013
$6,200,000
280 Meeker LLC
Ace Hotels Holding LLC
Deed
$3,500,000 · Intervest National Bank
Nov 25, 2013
$1,481,257
Crotona 1967 Corp
Ace Hotels Holding LLC
Grant Deed
related
—
Dec 4, 2007
$3,399,825
Ace Hotels Holding LLC
Ace Hotels Holding LLC
Grant Deed
related
—
Dec 4, 2007
—
Ace Hotels Holding LLC
Crotona 1967 Corp
Grant Deed
related
—
Jul 24, 2006
$1,700,000
Crotona 1967 Corp
Ace Estates Corp
Grant Deed
related
—
—
—
Ace Estates Corp
—
Deed Of Trust
related
$100,000 · 1986 F&s Of New York Ltd
—
—
280 Meeker LLC
—
Deed Of Trust
related
$7,000,000 · Meeker Lorimer 1 LLC
—
—
280 Meeker LLC
—
Deed Of Trust
related
$5,500,000 · Meeker Lorimer 1 LLC
—
—
280 Meeker LLC
—
Deed Of Trust
related
$1,500,000 · Meeker Lorimer 1 LLC
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · 1986 F&s Of New York Ltd
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · F&s Burnside INC
—
—
Withers Tower LLC
—
Deed Of Trust
related
$3,280,348 · Bank Of Princeton
—
—
280 Meeker LLC|646 Lorimer LLC
—
Loan Modification
related
$3,500,000 · Intervest Nat'l Bk
—
—
644 Lorimer LLC
—
Loan Modification, Consolidation And Extension
related
$9,250,000 · G4 18151 LLC
—
—
644 Lorimer LLC
—
Deed Of Trust
related
$5,795,820 · G4 18151 LLC
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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