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Property profile & analytics
OFF-MARKET
Estimated value
$18,010,000
Office buildings
320 Schermerhorn St Brooklyn, NY 11217-1011
Entity Owned
~
Est. High Equity
Property ID
US63-1887558
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1949
Total area
31,131 SF
Lot
0.27 ac (11,544 SF)
Zoning code
C6-1
APN
00173-0001
UPID
US63-1887558
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
-
Safe Horizon Child Advocacy Daycare Center Foster Care Service
-
NYSCARCC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.01M
Owner & transaction history
45 Nsp Owner LLC
45 Nsp Owner LLC
since 2026
Last sale
$22.0M
3 recorded transactions
Zoning & alternative use
C6-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.8M
+50.7%
Auto repair, garage
$24.7M
+44.3%
Retail stores
$24.0M
+39.9%
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%
$13,805,000
6.5%
$12,745,000
7%
$11,835,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,135,000
Current use
COMMERCIAL (GENERAL)
$25,820,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$24,735,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$23,975,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$17,670,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,440,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$15,600,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$18.01M
Range $16.21M – $19.81M · ±10% · vs last sale $22.00M (Feb 3 2026)
Last sale anchor
$22.00M
Feb 3 2026
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
$579 / 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
$495,496
Tax year 2024
Assessed value
$5,517,000
Assessed 2024
Previous assessed
$4,853,700
+13.7% YoY
Effective rate
8.98%
On assessed value
Assessed land
$481,500
Assessed improvement
$5,035,500
Land market value
$1,070,000
Improvement market value
$11,190,000
Total market value
$12,260,000
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
1949
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
31,131 SF
Lot
0.27 ac (11,544 SF)
Zoning code
C6-1
APN
00173-0001
UPID
US63-1887558
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-1 · Brooklyn, NY
Zoning C6-1 · permitted uses
C6-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$25.8M
AUTO REPAIR, GARAGE
Est. value
$24.7M
RETAIL STORES
Est. value
$24.0M
INDUSTRIAL (GENERAL)
Est. value
$17.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.4M
WAREHOUSE, STORAGE
Est. value
$15.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1949
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
45 Nsp Owner LLC
Entity
Mailing address
39 WENSLEY DR, GREAT NECK, NY 11021-4927
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2026
$22,000,000
45 Nsp Owner LLC
(a/k/a Nevins Associates, LLC)
Deed
$13,200,000 · Bank Hapoalim B.m.
Apr 24, 2024
—
Carart Nevins LLC
Nevins Associates LLC
Deed
—
Jul 21, 2005
—
Nevins Associates LLC
Nevins Associates
Quit Claim Deed
related
—
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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