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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Drive through restaurants
3442 Nostrand Ave, Brooklyn, NY 11229-5107
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-2826310
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2009
Total area
1,779 SF
Lot
0.15 ac (6,421 SF)
Zoning code
R4
APN
07362-0010
UPID
US63-2826310
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$515k
Owner & transaction history
3454 Star Nostrand LLC · 17 yrs held
3454 Star Nostrand LLC
since 2008
7 recorded transactions
Zoning & alternative use
R4 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$405,000
+24.8%
Auto repair, garage
$325,000
+0.8%
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
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$325,000
Current use
RETAIL STORES
$405,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$325,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$315,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$289 / 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
$75,511
Tax year 2024
Assessed value
$819,000
Assessed 2024
Previous assessed
$690,750
+18.6% YoY
Effective rate
9.22%
On assessed value
Assessed land
$144,000
Assessed improvement
$675,000
Land market value
$320,000
Improvement market value
$1,500,000
Total market value
$1,820,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
1,779 SF
Lot
0.15 ac (6,421 SF)
Zoning code
R4
APN
07362-0010
UPID
US63-2826310
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Brooklyn, NY
Zoning R4 · permitted uses
R4 · 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
RESTAURANT Current
Est. value
$325,000
RETAIL STORES
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$325,000
OFFICE BUILDING
Est. value
$315,000
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
3454 Star Nostrand LLC
Entity
Mailing address
3052 BRIGHTON 1ST ST, BROOKLYN, NY 11235-8088
Ownership since
2008
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
Feb 12, 2020
—
Nostrand Equity Group LLC
—
Deed
related
$2,460,000 · Miscellaneous Ins Co
Nov 28, 2014
—
Nostrand Equity Group LLC|3454 Star Nostrand LLC
—
Loan Modification, Consolidation And Extension
related
$2,600,000 · Valley Nat'l Bk
Oct 15, 2009
—
3442 Nostrand Holdings LLC
—
Deed Of Trust
related
$3,810,882 · Herald Nat'l Bk
Jul 30, 2008
—
3454 Star Nostrand LLC
2902 Avenue U & 3442 Nostrand
Grant Deed
related
—
—
—
Nostrand Equity Group LLC
—
Loan Modification
related
$2,460,000 · Miscellaneous Ins Co
—
—
Nostrand Equity Group LLC|3454 Star Nostrand LLC
—
Deed Of Trust
related
$1,267,129 · Valley Nat'l Bk
—
—
3454 Star Nostrand LLC
—
Deed Of Trust
related
$1,690,000 · Herald National Bank
—
—
3454 Star Nostrand LLC
—
Deed Of Trust
related
$1,690,000 · Herald Nat'l Bk
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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