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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Warehouses
316 Douglass St Brooklyn, NY 11217-3114
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-5519496
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
8,280 SF
Lot
0.19 ac (8,280 SF)
Zoning code
M1-4
APN
00420-0023
UPID
US63-5519496
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
by Request
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
316-324 Douglass Street LLC · 21 yrs held
316-324 Douglass Street LLC
since 2004
7 recorded transactions
Zoning & alternative use
M1-4 · 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%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,150,000
Current use
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±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
$315 / 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
$115,719
Tax year 2024
Assessed value
$1,274,400
Assessed 2024
Previous assessed
$1,172,250
+8.7% YoY
Effective rate
9.08%
On assessed value
Assessed land
$49,050
Assessed improvement
$1,225,350
Land market value
$109,000
Improvement market value
$2,723,000
Total market value
$2,832,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
8,280 SF
Lot
0.19 ac (8,280 SF)
Zoning code
M1-4
APN
00420-0023
UPID
US63-5519496
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-4 · Brooklyn, NYZoning M1-4 · permitted uses
M1-4 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
WAREHOUSE, STORAGE Current
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
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
316-324 Douglass Street LLC
Entity
Mailing address
945 79TH ST, BROOKLYN, NY 11228-2644
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
316-324 Douglass Street LLC
—
Deed
related
$1,441,000 · Berkshire Bank
Dec 22, 2022
—
316-324 Douglass Street LLC
—
Deed
related
$298,575 · Investors Bank
Sep 27, 2022
—
316-324 Douglass Street LLC
—
Deed
related
$600,000 · S.k.g. Funding LLC
Feb 26, 2020
—
316-324 Douglass Street LLC
—
Deed
related
$800,000 · S K G Funding LLC
May 20, 2019
—
Maspeth Fedl S & L Assn
—
Deed
related
$2,000,000 · 316-324 Douglass Street LLC
Aug 1, 2017
—
316-324 Douglass Street LLC
—
Deed
related
$810,000 · Bay Ridge Federal Credit Union
Aug 13, 2014
—
316-324 Douglass Street LLC
—
Loan Modification, Consolidation And Extension
related
$1,200,000 · 316 Douglass Street Funding Ll
Aug 25, 2004
$800,000
316-324 Douglass Street LLC
Fort Hamilton Realty Associate
Grant Deed
—
—
—
316-324 Douglass Street LLC
—
Deed Of Trust
related
$1,091,810 · Maspeth Fed'l S&l
—
—
Maspeth Fedl S & L Assn
—
Loan Modification
related
$2,000,000 · 316-324 Douglass Street LLC
—
—
316-324 Douglass Street LLC
—
Deed Of Trust
related
$900,000 · First Ctrl Svgs Bk
—
—
316-324 Douglass Street LLC
—
Loan Modification, Consolidation And Extension
related
$1,200,000 · 316 Douglass Street Fndg LLC
—
—
316-324 Douglas Street LLC
—
Deed Of Trust
related
$305,666 · 316 Douglass Street Funding Ll
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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