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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Office buildings
369 Park Ave Brooklyn, NY 11205-2635
Entity Owned
17-yr Hold
Free & Clear
Property ID
US63-2009629
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1935
Total area
25,637 SF
Lot
0.1 ac (4,543 SF)
Zoning code
M1-2
APN
01880-0001
UPID
US63-2009629
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
-
Glam Room Studio Hair Salon
-
JoAnna Moore Boudoir Photography Service (Bike/Boat/Book/etc) Store
-
High Quality Cuts Barber Shop
-
Natural Magic Spa Spa & Massage Center
-
Brooklyn Photo Studios (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.50M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$8.47M
Owner & transaction history
369 Park Avenue LLC · 17 yrs held
369 Park Avenue LLC
since 2009
4 recorded transactions
Zoning & alternative use
M1-2 · 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%
$11,370,000
6.5%
$10,495,000
7%
$9,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,115,000
Current use
WAREHOUSE, STORAGE
$12,850,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,070,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±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
$330 / 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
$175,995
Tax year 2024
Assessed value
$2,108,700
Assessed 2024
Previous assessed
$2,039,850
+3.4% YoY
Effective rate
8.35%
On assessed value
Assessed land
$153,450
Assessed improvement
$1,955,250
Land market value
$341,000
Improvement market value
$4,345,000
Total market value
$4,686,000
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
1935
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
25,637 SF
Lot
0.1 ac (4,543 SF)
Zoning code
M1-2
APN
01880-0001
UPID
US63-2009629
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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
$14.1M
WAREHOUSE, STORAGE
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1935
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
369 Park Avenue LLC
Entity
Free & Clear · 17 yrs held
Mailing address
369 PARK AVE, BROOKLYN, NY 11205-2635
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2009
—
369 Park Avenue LLC
Win Hang Realty Corp
Grant Deed
—
—
—
369 Park Avenue LLC
—
Deed Of Trust
related
$1,500,000 · Win Hang Realty Corp
—
—
369 Park Avenue LLC
—
Deed Of Trust
related
$500,000 · Indus American Bank
—
—
369 Park Avenue LLC
—
Deed Of Trust
related
$1,000,000 · Indus American Bank
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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