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Financial
Distress signals
Property profile

38 Locust St Brooklyn, NY 11206

OFF-MARKET
Warehouses
Property ID
US63-5322668
14,800 SF 0.34 ac lot Built 1931
Last sale Nov 2021 · $5,350,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$75k
Tax billed · 2024
Assessed value$754k
Assessed land$268k
Assessed improvement$486k
Effective rate9.98%

Value estimate

· Oct 2026
$6.02M
$5.41M – $6.62M
AI approach$5.90M
CAP approach$4.92M
Submarket $/SF estimate$4.84M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$371/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$301 – $500
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-1
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm138.6
Realty agency61.2
Parking Facility26.1

Location

38 Locust St Brooklyn, NY 11206-4512
County assessor Recorded deeds · 2 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
132 Bogart, Brooklyn, NY 11206 $3,571,555 Apr 2024 11,137 SF
375 Johnson, Brooklyn, NY 11206-2805 $3,571,555 Apr 2024 10,172 SF
306 Stagg, Brooklyn, NY 11206-1702 $7,100,000 Oct 2023 15,000 SF
292 Stagg, Brooklyn, NY 11206 $7,300,000 May 2023 16,500 SF
225-227 Cook, Brooklyn, NY 11206 $7,000,000 Dec 2022 15,520 SF
324 Maujer, Brooklyn, NY 11206-1712 $4,750,000 Jul 2022 12,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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