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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Investment properties
408 Fulton St 416, Brooklyn, NY 11201-5244
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0775721
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1937
Total area
43,360 SF
Lot
0.25 ac (10,827 SF)
Zoning code
C5-4
APN
00156-0012
UPID
US63-0775721
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
-
Foot Locker (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
MyUnique Clothing Store
-
Five Below (Bike/Boat/Book/etc) Store
-
Sliding Closet Barn Doors Hardware & Home Improvement Production Facility
-
Kazi Express Halal Food Cart Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
408-416 Fulton Street LLC · 12 yrs held
408-416 Fulton Street LLC
since 2013
3 recorded transactions
Zoning & alternative use
C5-4 · 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
$72 / 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
$1,163,573
Tax year 2024
Assessed value
$12,575,250
Assessed 2024
Previous assessed
$11,170,800
+12.6% YoY
Effective rate
9.25%
On assessed value
Assessed land
$2,443,950
Assessed improvement
$10,131,300
Land market value
$5,431,000
Improvement market value
$22,514,000
Total market value
$27,945,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1937
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
43,360 SF
Lot
0.25 ac (10,827 SF)
Zoning code
C5-4
APN
00156-0012
UPID
US63-0775721
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-4 · Brooklyn, NY
Zoning C5-4 · permitted uses
C5-4 · 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
1937
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
408-416 Fulton Street LLC
Entity
Mailing address
500 5TH AVE, NEW YORK, NY 10110-0002
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2013
—
408-416 Fulton Street LLC
408-420 Fulton Street LLC
Deed
$20,796,059 · Jpmorgan Chase Bank, National Assoc
Jun 25, 2008
—
408-420 Fulton Street LLC
Macys Retail Holdings INC
Grant Deed
related
$17,000,000 · Lasalle National Bank
—
—
408-416 Fulton Owner LLC
—
Loan Modification
related
$35,000,000 · J P Morgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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