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Property profile & analytics
OFF-MARKET
Estimated value
$123,400,000
Banks
339 Brg St Brooklyn, NY 11201
Individually Owned
3-yr Hold
Free & Clear
Property ID
US63-3218940
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Total area
457,966 SF
Lot
1.13 ac (49,136 SF)
Zoning code
C61A
APN
02058-0017
UPID
US63-3218940
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
-
Porcelain And Ceramic Tile Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$123.40M
Owner & transaction history
York University New · 3 yrs held
York University New
since 2022
Last sale
$122.0M
2 recorded transactions
Zoning & alternative use
C61A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$103.3M
+2,330.5%
Auto repair, garage
$84.3M
+1,883.0%
Restaurant
$83.6M
+1,866.8%
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
$126,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$103,295,000
Change: +2,331% · Conversion: Difficult
AUTO REPAIR, GARAGE
$84,275,000
Change: +1,883% · Conversion: Difficult
RESTAURANT
$83,590,000
Change: +1,867% · Conversion: Difficult
Blend value · Realmo final
$123.40M
Range $111.06M – $135.74M · ±10% · vs last sale $122.00M (Sep 14 2022)
Last sale anchor
$122.00M
Sep 14 2022
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
$269 / 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
$4,104,547
Tax year 2024
Assessed value
$41,242,500
Assessed 2024
Previous assessed
$41,296,950
-0.1% YoY
Effective rate
9.95%
On assessed value
Assessed land
$4,315,500
Assessed improvement
$36,927,000
Land market value
$9,590,000
Improvement market value
$82,060,000
Total market value
$91,650,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
1
Stories
10
Units
4
Total area
457,966 SF
Lot
1.13 ac (49,136 SF)
Zoning code
C61A
APN
02058-0017
UPID
US63-3218940
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C61A · Brooklyn, NY
Zoning C61A · permitted uses
C61A · 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
RETAIL STORES
Est. value
$103.3M
AUTO REPAIR, GARAGE
Est. value
$84.3M
RESTAURANT
Est. value
$83.6M
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1990
Heating
NONE
Stories
10
Buildings
1
Units
4
Lot
1.13 ac
Current owner
From public records · entity-resolved
York University New
Individual
Free & Clear · 3 yrs held
Mailing address
70 WASHINGTON SQ S, NEW YORK, NY 10012-1019
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$122,000,000
York University New
Jpmorgan Chase Bank, National Assoc
Deed
—
Mar 21, 2017
—
Jp Morgan Chase Bk NA
New York City Indl Dev Agcy
Grant Deed
—
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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