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Property profile & analytics
OFF-MARKET
Estimated value
$7,700,000
Retail residential properties
405-421 Fulton St, Brooklyn, NY 11201
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-2595503
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
13,490 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C64.5
APN
00144-0001
UPID
US63-2595503
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
$7.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.70M
Owner & transaction history
Allied Property Group LLC · 18 yrs held
Allied Property Group LLC
since 2007
7 recorded transactions
Zoning & alternative use
C64.5 · 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%
$8,160,000
6.5%
$7,535,000
7%
$6,995,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,720,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.70M
Range $6.93M – $8.47M · ±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
$571 / 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
$343,081
Tax year 2024
Assessed value
$3,330,900
Assessed 2024
Previous assessed
$3,314,700
+0.5% YoY
Effective rate
10.30%
On assessed value
Assessed land
$594,000
Assessed improvement
$2,736,900
Land market value
$1,320,000
Improvement market value
$6,082,000
Total market value
$7,402,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
13,490 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C64.5
APN
00144-0001
UPID
US63-2595503
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64.5 · Brooklyn, NY
Zoning C64.5 · permitted uses
C64.5 · 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
AUTO REPAIR, GARAGE
Est. value
$10.7M
AUTO REPAIR, GARAGE
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
2
Buildings
1
Units
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Allied Property Group LLC
Entity
Mailing address
PO BOX 230177, BROOKLYN, NY 11223-0177
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
—
908 Church LLC
—
Deed
related
$3,967,699 · Webster Bank, National Association
Jul 8, 2022
—
908 Church LLC F/k/a Sterling Group
—
Deed
related
$9,257,200 · Sterling National Bank
Jan 22, 2021
—
Fulton Gateway, LLC
—
Deed
related
$2,000,000 · Sterling National Bank
Jun 23, 2020
—
Fulton Gateway LLC
—
Deed
related
$6,000,000 · Sterling Nat'l Bk
May 11, 2020
—
Fulton Gateway LLC
—
Deed
related
$1,500,000 · Sterling National Bank
Oct 30, 2019
—
Allied Property Group LLC
—
Grant Deed
related
$3,100,000 · Sterling Nat'l Bk
Jul 25, 2019
—
Allied Property Group LLC
—
Grant Deed
related
$2,900,000 · Sterling Nat'l Bk
Jan 8, 2019
—
Allied Property Group LLC
—
Loan Modification
related
$51,000,000 · Sterling Nat'l Bk
Dec 28, 2017
—
Allied Property Group LLC
—
Loan Modification, Consolidation And Extension
related
$6,000,000 · Sterling Nat'l Bk
Oct 15, 2012
—
Allied Property Group LLC
—
Deed Of Trust
related
$5,189,174 · Banco Popular NA
Nov 2, 2007
—
Allied Property Group LLC
Chera Realty & Development
Grant Deed
related
—
—
—
Fulton Gateway LLC
—
Loan Modification
related
$6,000,000 · Sterling Nat'l Bk
—
—
Allied Property Group LLC
—
Deed Of Trust
related
$13,771,109 · Sterling Nat'l Bk
—
—
Allied Property Grp LLC
—
Deed Of Trust
related
$6,375,000 · Banco Popular NA
—
—
Allied Property Group LLC
—
Loan Modification
related
$37,500,000 · Sterling 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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