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Property profile & analytics
OFF-MARKET
Estimated value
$10,600,000
Retail residential properties
321 Wythe Ave Brooklyn, NY 11249-5178
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1704253
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2017
Total area
169,319 SF
Lot
0.64 ac (28,063 SF)
Zoning code
R6
APN
02416-0001
UPID
US63-1704253
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
-
Pps 5 Square Management Parking garage Parking Lot & Garage
-
Wordpress Personalization Plug In for Word Press - If So Marketing & Advertising
-
Project Party NYC Event Planning Wedding Service
-
NYCJewelstore (Bike/Boat/Book/etc) Store
-
The Art of Small Steps with Katya Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
Signature Bank · 4 yrs held
Signature Bank
since 2022
7 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
$63 / 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
$38,708
Tax year 2024
Assessed value
$21,889,800
Assessed 2024
Previous assessed
$20,524,950
+6.6% YoY
Effective rate
0.18%
On assessed value
Assessed land
$1,515,600
Assessed improvement
$20,374,200
Land market value
$3,368,000
Improvement market value
$45,276,000
Total market value
$48,644,000
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
2017
Heating
NONE
Buildings
1
Stories
19
Units
132
Total area
169,319 SF
Lot
0.64 ac (28,063 SF)
Zoning code
R6
APN
02416-0001
UPID
US63-1704253
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
19
Buildings
1
Units
132
Lot
0.64 ac
Current owner
From public records · entity-resolved
Signature Bank
Entity
Mailing address
71 S 3RD ST, BROOKLYN, NY 11249-5275
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Signature Bank
—
Deed
related
$47,000,000 · Signature Bank
Mar 8, 2021
—
Three Two One LLC
—
Deed
related
$1,500,000 · Signature Bank
Aug 19, 2020
—
Three Two One LLC
—
Deed
related
$42,000,000 · Signature Bank
Jan 29, 2019
—
Three Two One LLC
—
Deed
related
$41,000,000 · Signature Bk
Aug 15, 2017
—
Three Two One LLC
—
Trustees Deed
related
$26,604,810 · Bank Leumi USA
Mar 23, 2017
—
Three Two One LLC
—
Deed
related
$5,000,000 · Signature Bank
—
—
Three Two One LLC
—
Loan Modification
related
$41,000,000 · Signature Bk
—
—
Three Two One LLC
—
Loan Modification
related
$5,000,000 · Bank Leumi USA
—
—
Three Two One LLC
—
Deed Of Trust
related
$3,895,190 · Bank Leumi USA
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
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