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Property profile & analytics
OFF-MARKET
Estimated value
$4,840,000
Retail residential properties
412 Evergreen Ave, Brooklyn, NY 11221-6606
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2596600
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2018
Total area
24,101 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R6
APN
03304-0014
UPID
US63-2596600
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
-
Cuir Strategies Consultant
-
Kitchen and Bathroom Remodeling & Renovation Renovation Specialist General Contractor
-
ZipCare Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$4.84M
Owner & transaction history
Kre Bklyner 412 Evergreen LLC · 5 yrs held
Kre Bklyner 412 Evergreen LLC
since 2020
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
R6 · 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
$5,915,000
ML approach
$6,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.84M
Range $4.36M – $5.32M · ±10% · vs last sale $4.50M (Oct 26 2020)
Last sale anchor
$4.50M
Oct 26 2020
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
$201 / 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
$19,440
Tax year 2024
Assessed value
$2,474,550
Assessed 2024
Previous assessed
$2,160,450
+14.5% YoY
Effective rate
0.79%
On assessed value
Assessed land
$334,350
Assessed improvement
$2,140,200
Land market value
$743,000
Improvement market value
$4,756,000
Total market value
$5,499,000
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
2018
Heating
NONE
Buildings
1
Stories
4
Units
22
Total area
24,101 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R6
APN
03304-0014
UPID
US63-2596600
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
2018
Heating
NONE
Stories
4
Buildings
1
Units
22
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kre Bklyner 412 Evergreen LLC
Entity
Mailing address
9 W 57TH ST, NEW YORK, NY 10019-2701
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2020
$15,700,000
Kre Bklyner 412 Evergreen LLC
Evergreen Street Realty LLC
Grant Deed
—
Oct 26, 2020
—
Kre Bklyner 412 Evergreen LLC
—
Deed
related
$8,635,000 · Newmark Knight Frank
Aug 19, 2019
—
Evergreen Street Realty LLC
—
Deed
related
$10,500,000 · Popular Bk
Jul 20, 2017
—
Linden Street Holdings LLC
—
Grant Deed
related
$2,700,000 · Levon Eml LLC
Feb 2, 2016
$4,500,000
Evergreen Street Realty LLC
Chances For Children Intl INC
Grant Deed
—
Sep 9, 2009
—
California Baptist Foun
—
Loan Modification, Consolidation And Extension
related
$2,291,777 · Chances For Children Int'l
Oct 29, 2008
—
Chances For Children Intl INC
—
Trustees Deed
related
$2,291,777 · California Baptist Foundation
—
—
Evergreen Street Realty LLC
—
Loan Modification
related
$10,500,000 · Popular Bk
—
—
Kre Bklyner 412 Evergreen LLC
—
Loan Modification
related
$8,635,000 · Newmark Knight Frank
—
—
California Baptist Foun
—
Deed Of Trust
related
$2,291,777 · Chances For Children Int'l
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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