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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Office buildings
33 Bartlett St Brooklyn, NY 11206-5058
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-3533763
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Total area
7,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
02269-0051
UPID
US63-3533763
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
-
Schapira CPA, P.C. Accounting Firm Tax Preparation
-
ASuppliCity (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.26M
Owner & transaction history
33 Bartlett LLC · 5 yrs held
33 Bartlett LLC
since 2021
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+44.3%
Retail stores
$5.8M
+39.9%
Industrial (general)
$4.3M
+3.1%
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
$5,405,000
ML approach
$5,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,130,000
Current use
AUTO REPAIR, GARAGE
$5,960,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$5,775,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,255,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±10% · vs last sale $5.00M (Mar 3 2021)
Last sale anchor
$5.00M
Mar 3 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
$701 / 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
$65,204
Tax year 2024
Assessed value
$809,100
Assessed 2024
Previous assessed
$706,050
+14.6% YoY
Effective rate
8.06%
On assessed value
Assessed land
$112,500
Assessed improvement
$696,600
Land market value
$250,000
Improvement market value
$1,548,000
Total market value
$1,798,000
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
1959
Heating
NONE
Stories
3
Units
2
Total area
7,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
02269-0051
UPID
US63-3533763
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · 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
$4.1M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1959
Heating
NONE
Stories
3
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
33 Bartlett LLC
Entity
Free & Clear · 5 yrs held
Mailing address
670 MYRTLE AVE #447, BROOKLYN, NY 11205-3923
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
—
33 Bartlett LLC
58 Gerry St LLC
Deed
—
Mar 3, 2021
$5,000,000
Bartlett LLC
33 Bartlett LLC
Deed
$3,179,315 · 58 Gerry Street 1 LLC
Aug 27, 2020
—
58 Gerry St LLC
58 Gerry St LLC
Correction 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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