Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$23,405,000
Retail residential properties
2940 Ocean Pkwy Brooklyn, NY 11235-8200
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-5981574
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1964
Total area
470,000 SF
Lot
3.3 ac (143,792 SF)
Zoning code
R6
APN
07274-0020
UPID
US63-5981574
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
-
Center For Preventible Dentist Dental Office
-
Shorecrest Towers Apartments Apartment Complex
-
Urologic Surgical Associates Physician
-
Interphase Medical Care Physician Medical Clinic
-
NYC Legal Server Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.41M
Owner & transaction history
Village Apartments One O Trump · 15 yrs held
Village Apartments One O Trump
since 2011
4 recorded transactions
Zoning & alternative use
R6 · 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
$50 / 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
$2,489,236
Tax year 2024
Assessed value
$20,794,950
Assessed 2024
Previous assessed
$21,699,450
-4.2% YoY
Effective rate
11.97%
On assessed value
Assessed land
$1,916,550
Assessed improvement
$18,878,400
Land market value
$4,259,000
Improvement market value
$41,952,000
Total market value
$46,211,000
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
1964
Heating
NONE
Buildings
1
Stories
23
Units
444
Total area
470,000 SF
Lot
3.3 ac (143,792 SF)
Zoning code
R6
APN
07274-0020
UPID
US63-5981574
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
1964
Heating
NONE
Stories
23
Buildings
1
Units
444
Lot
3.3 ac
Current owner
From public records · entity-resolved
Village Apartments One O Trump
Individual
Mailing address
2940 OCEAN PKWY, BROOKLYN, NY 11235-8200
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2019
—
Trump Vlg Apts One Owner LLC
—
Loan Modification
related
$66,324,000 · Capital One Nat'l Assn
Jan 20, 2011
—
Village Apartments One O Trump
Trump Village Apartments One L
Quit Claim Deed
$37,547,000 · Beech Street Capital LLC
Jun 18, 2004
$40,302,500
Village Apartments One Trump
Trump Village Const Corp
Grant Deed
related
$23,860,578 · New York Community Bank
—
—
Trump Village Apartments One O
—
Deed Of Trust
related
$14,500,000 · Capital One Multifamily Fin
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 2940 Ocean Pkwy?
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.
