Entity Owned Property summary
AI-generated overview
The property is a fully equipped second-generation restaurant space with existing commercial cooking ventilation, including gas service and black iron venting, a 14-foot hood, and walk-in cold storage. It contains 2,400 square feet of interior space featuring exposed brick, polished concrete floors, and a floor-to-ceiling glass storefront. The building infrastructure includes a vented kitchen setup suitable for food service operations, and the storefront provides prominent street-facing visibility along a primary hospitality and nightlife corridor in Bushwick.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
3,150 SF
Lot
0.05 ac (2,383 SF)
Zoning code
M1-1
APN
03189-0004
UPID
US63-0864170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store
-
Restaurant
-
Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Cafe & Coffee Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.58M
Owner & transaction history
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Top alternative use upside
Auto repair, garage
$2.5M
+3.2%
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 17 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.58M
Value range
$2.32M – $2.83M
±10% around blend
Estimated value / SF
$817 / SF
Confidence
High
17 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$2.32M
blend $2.58M
$2.83M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,150 SF
Lot area
0.05 ac
Year built
1931
Stories
1
APN
03189-0004
Zoning
M1-1
Assessed value
$236,250
Annual tax
$22,869
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.33M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.52M
@ 6.5% CAP return
$2.33M
@ 7% CAP return
$2.16M
4
Sales comparison
Partial preview
Sales approach indication
$2.20M
Weighted, 17 comps · high confidence
Evidence
17 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 3,870 SF
3.1 mi away · 2,257 SF
3.9 mi away · 3,797 SF
4.4 mi away · 2,765 SF
4.5 mi away · 3,973 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 291 sales
$770
+6%
County 291 sales
$770
+6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $817/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+3%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 17 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$175k *
Last sale · Jun 2022
$2.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.97M
Move the market yield to see immediate price impact.
Value / SF
$942
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
5.40%5.90%6.40%
$158k
$2.92M
$2.67M
$2.46M
$175k
$3.24M
$2.97M
$2.73M
$193k
$3.56M
$3.26M
$3.01M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
17 found
High confidence · county-verified
Closest comparable
$1.70M
0.9 mi · Nov 2025 · $756/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,869
Tax year 2024
Assessed value
$236,250
Assessed 2024
Previous assessed
$221,400
+6.7% YoY
Effective rate
9.68%
On assessed value
Assessed land
$42,750
Assessed improvement
$193,500
Land market value
$95,000
Improvement market value
$430,000
Total market value
$525,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
3,150 SF
Lot
0.05 ac (2,383 SF)
Zoning code
M1-1
APN
03189-0004
UPID
US63-0864170
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Brooklyn, NY
Recorded code
M1-1
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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