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Property profile & analytics
OFF-MARKET
Estimated value
$20,240,000
Retail residential properties
37 Skillman Ave, Brooklyn, NY 11211-2203
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0800893
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
50,170 SF
Lot
0.27 ac (11,647 SF)
Zoning code
M12R6
APN
02746-0039
UPID
US63-0800893
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.24M
Owner & transaction history
Meeker Ave Properties LLC · 5 yrs held
Meeker Ave Properties LLC
since 2020
6 recorded transactions
Zoning & alternative use
M12R6 · 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%
$30,355,000
6.5%
$28,020,000
7%
$26,015,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$28,475,000
Change: -16% · Conversion: Moderate
OFFICE BUILDING
$27,620,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$20.24M
Range $18.22M – $22.26M · ±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
$403 / 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
$652,936
Tax year 2024
Assessed value
$5,843,700
Assessed 2024
Previous assessed
$5,671,800
+3.0% YoY
Effective rate
11.17%
On assessed value
Assessed land
$209,700
Assessed improvement
$5,634,000
Land market value
$466,000
Improvement market value
$12,520,000
Total market value
$12,986,000
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
1920
Heating
NONE
Buildings
1
Stories
10
Units
49
Total area
50,170 SF
Lot
0.27 ac (11,647 SF)
Zoning code
M12R6
APN
02746-0039
UPID
US63-0800893
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6 · Brooklyn, NY
Zoning M12R6 · permitted uses
M12R6 · 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
INDUSTRIAL (GENERAL)
Est. value
$28.5M
OFFICE BUILDING
Est. value
$27.6M
INDUSTRIAL (GENERAL)
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
1920
Heating
NONE
Stories
10
Buildings
1
Units
49
Lot
0.27 ac
Current owner
From public records · entity-resolved
Meeker Ave Properties LLC
Entity
Mailing address
54 REGENT DR, LIDO BEACH, NY 11561-4923
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
—
Meeker Ave Properties LLC
240 Meeker Avenue Corp
Quit Claim Deed
—
Apr 3, 2012
—
240 Meeker Avenue Corp
240 Meeker Avenue Corp
Deed
related
$4,910,000 · Investors Bank & Trust Co
Jun 4, 2009
—
240 Meeker Avenue Corp
Grossman,paul
Grant Deed
—
—
—
240 Meeker Avenue Corp
—
Loan Modification
related
$19,600,000 · Berkadia Com'l Mtg
—
—
240 Meeker Avenue Corp
—
Deed Of Trust
related
—
—
—
240 Meeker Avenue Corp
—
Deed Of Trust
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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