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Property profile & analytics
OFF-MARKET
Estimated value
$16,875,000
Retail space
381 Gtwy Dr, Brooklyn, NY 11239-2805
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0177528
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
38,327 SF
Lot
0.88 ac (38,150 SF)
Zoning code
C4-2
APN
04452-0480
UPID
US63-0177528
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
-
Old Navy Clothing Store Baby Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.88M
Owner & transaction history
Gateway Center Properties I, L.l.c. · 3 yrs held
Gateway Center Properties I, L.l.c.
since 2023
5 recorded transactions
Zoning & alternative use
C4-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$440 / 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
$372,591
Tax year 2024
Assessed value
$6,746,850
Assessed 2024
Previous assessed
$6,084,450
+10.9% YoY
Effective rate
5.52%
On assessed value
Assessed land
$720,900
Assessed improvement
$6,025,950
Land market value
$1,602,000
Improvement market value
$13,391,000
Total market value
$14,993,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
38,327 SF
Lot
0.88 ac (38,150 SF)
Zoning code
C4-2
APN
04452-0480
UPID
US63-0177528
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Brooklyn, NY
Zoning C4-2 · permitted uses
C4-2 · 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.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Gateway Center Properties I, L.l.c.
Entity
Mailing address
30 HUDSON YARDS #2, NEW YORK, NY 10001-2170
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
—
Gateway Center Properties I, L.l.c.
Gateway Center Properties II, L.l.c
Deed
$2,500,000 · Dbr Investments Co. Limited
Mar 10, 2015
—
Gateway Center Props II LLC
Gateway Center Props II LLC
Quit Claim Deed
related
—
Apr 30, 2013
—
Gateway Center Properties II LLC
Smr Gateway II LLC
Deed
$50,000,000 · Ubs Real Estate Securities INC
Mar 23, 2005
—
Blackacre Rbv Gateway LLC
Gateway Center Properties II L
Quit Claim Deed
related
—
Mar 23, 2005
$20,863,084
Smr Gateway II LLC
Blackacre Rbv Gateway LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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