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Property profile & analytics
OFF-MARKET
Estimated value
$25,435,000
Retail residential properties
341 Eastern Pkwy Brooklyn, NY 11216-4857
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-1361967
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2009
Total area
84,860 SF
Lot
0.32 ac (13,825 SF)
Zoning code
R7A
APN
01259-0001
UPID
US63-1361967
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
-
Starbucks Cafe & Coffee Shop
-
Capital One Bank Bank Loan Service
-
Suboxone Doctors Long Island Medical Clinic
-
Dayakishan Chahal Physician
-
Capital One ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.44M
Owner & transaction history
Pacolet Brooklyn Epw LLC · 9 yrs held
Pacolet Brooklyn Epw LLC
since 2016
7 recorded transactions
Zoning & alternative use
R7A · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$37,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,855,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$25.44M
Range $22.89M – $27.98M · ±10%
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
$300 / 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
$340,840
Tax year 2024
Assessed value
$6,348,600
Assessed 2024
Previous assessed
$7,702,200
-17.6% YoY
Effective rate
5.37%
On assessed value
Assessed land
$342,000
Assessed improvement
$6,006,600
Land market value
$760,000
Improvement market value
$13,348,000
Total market value
$14,108,000
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
2009
Heating
NONE
Buildings
1
Stories
8
Units
66
Total area
84,860 SF
Lot
0.32 ac (13,825 SF)
Zoning code
R7A
APN
01259-0001
UPID
US63-1361967
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
COMMERCIAL (GENERAL) Current
Est. value
$37.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2009
Heating
NONE
Stories
8
Buildings
1
Units
66
Lot
0.32 ac
Current owner
From public records · entity-resolved
Pacolet Brooklyn Epw LLC
Entity
Mailing address
550 S MAIN ST STE #601, GREENVILLE, SC 29601-2540
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2016
$52,000,000
Pacolet Brooklyn Epw LLC
Eastern Parkway Partners LLC
Grant Deed
—
Oct 12, 2016
—
Eastern Parkway Partners LLC
—
Deed
related
$34,500,000 · Acrefi Holdings J-i LLC
Apr 9, 2012
$8,265,000
Eastern Parkway Partners LLC
Ajjmd Realty Corp
Grant Deed
—
—
—
Eastern Parkway Partners LLC
—
Loan Modification, Consolidation And Extension
related
$34,500,000 · Acrefi Holdings J-i LLC
—
—
Eastern Parkway Partners LLC
—
Loan Modification
related
$30,000,000 · Acrefi Holdings J-i LLC
—
—
Eastern Parkway Partners LLC
—
Loan Modification
related
$34,500,000 · Acrefi Holdings J-i LLC
—
—
Pacolet Brooklyn Epw LLC
—
Loan Modification
related
$25,500,000 · Miscellaneous Ins Co
—
—
Ajjmd Realty Corp
—
Deed Of Trust
related
$499,900 · Blue Jay Re Holding 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.
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