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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
293 Ave S Ave, Brooklyn, NY 11223-2728
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-2680473
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
1,920 SF
Lot
0.02 ac (740 SF)
Zoning code
R4-1
APN
06678-0030
UPID
US63-2680473
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
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Boardwalk Holdings LLC · 7 yrs held
Boardwalk Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
R4-1 · 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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$289 / 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
$13,727
Tax year 2024
Assessed value
$129,600
Assessed 2024
Previous assessed
$137,250
-5.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$27,450
Assessed improvement
$102,150
Land market value
$61,000
Improvement market value
$227,000
Total market value
$288,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
1,920 SF
Lot
0.02 ac (740 SF)
Zoning code
R4-1
APN
06678-0030
UPID
US63-2680473
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Brooklyn, NY
Zoning R4-1 · permitted uses
R4-1 · 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
1930
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.02 ac
Current owner
From public records · entity-resolved
Boardwalk Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
517 BRIGHTON BCH AVE, BROOKLYN, NY 11235-6589
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Boardwalk Holdings, LLC
—
Deed
related
$39,018 · Td Bank, N.a.
Dec 4, 2019
—
Boardwalk Holdings LLC
—
Deed
related
$450,000 · Popular Bank
Nov 21, 2018
$385,000
Boardwalk Holdings LLC
Lipkin,alex
Grant Deed
—
Nov 3, 2017
—
Alex Lipkin
293 Avenue S LLC
Quit Claim Deed
—
Nov 3, 2005
—
293 Avenue S LLC
Dubin,marina
Grant Deed
related
—
Oct 27, 2005
$550,000
Marina Dubin
Dmitry Verkhovsky
Deed
$412,500 · Jpmorgan Chase Bank NA
Nov 22, 2004
$525,000
Dmitry Verkhovsky
Correnti,salvatore A & John
Grant Deed
$400,000 · Alliance Mortgage Banking Corp
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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