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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Investment properties
329 Nostrand Ave Brooklyn, NY 11216-4582
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1173895
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
4,212 SF
Lot
0.03 ac (1,463 SF)
Zoning code
R6A
APN
01803-0002
UPID
US63-1173895
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
-
Phillip J. Adams, CPA Accounting Firm Tax Preparation
-
Swivel Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.37M
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$2.27M
Owner & transaction history
329 Nostrand LLC · 4 yrs held
329 Nostrand LLC
since 2021
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+79.1%
Retail stores
$3.2M
+73.6%
Office building
$2.3M
+24.1%
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
$2,380,000
ML approach
$2,365,000
CAP Approach
CAP Return
Estimation
6%
$2,550,000
6.5%
$2,350,000
7%
$2,185,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,870,000
Current use
AUTO REPAIR, GARAGE
$3,345,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$3,245,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$2,320,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$2,110,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.15M (Aug 30 2021)
Last sale anchor
$2.15M
Aug 30 2021
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
$538 / 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
$14,196
Tax year 2024
Assessed value
$316,440
Assessed 2024
Previous assessed
$263,700
+20.0% YoY
Effective rate
4.49%
On assessed value
Assessed land
$15,750
Assessed improvement
$300,690
Land market value
$35,000
Improvement market value
$668,200
Total market value
$703,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
4
Units
4
Total area
4,212 SF
Lot
0.03 ac (1,463 SF)
Zoning code
R6A
APN
01803-0002
UPID
US63-1173895
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NY
Zoning R6A · permitted uses
R6A · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1931
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
329 Nostrand LLC
Entity
Mailing address
421 53RD ST #1, BROOKLYN, NY 11220-2712
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$2,150,000
329 Nostrand LLC
Mbh 329 Nostrand LLC
Deed
—
Jan 25, 2018
—
Mbh 329 Nostrand LLC
—
Loan Modification, Consolidation And Extension
related
$1,500,000 · Signature Bk
Dec 21, 2016
$1,475,000
Mbh 329 Nostrand LLC
Muhammad,abdul K
Grant Deed
$895,953 · S III Cap Source LLC
Dec 21, 2016
—
Mbh 329 Nostrand LLC
—
Deed
related
$1,100,000 · S III Cap Source LLC
—
—
Mbh 329 Nostrand LLC
—
Loan Modification, Consolidation And Extension
related
$1,100,000 · S III Cap Source LLC
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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