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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
423 99th St Brooklyn, NY 11236
Individually Owned
Absentee Owner
Free & Clear
Property ID
US63-3828499
Property summary
AI-generated overview
This exceptional 5,000-square-foot lot presents a remarkable development opportunity in the highly desirable Bay Ridge neighborhood of Brooklyn, New York. Located at 423 99th Street, this 50x100 lot is zoned to allow for the construction of two brand new two-family homes, providing significant potential for substantial returns. Alternatively, the existing fully detached home on the property could be restored and rebuilt. The property boasts a significant advantage with its own extra-wide private driveway and a three-car garage, offering eight private parking spaces. Its prime location offers unparalleled convenience, situated steps away from various transportation options, shopping centers, and an array of essential amenities. This prized piece of real estate in a sought-after Brooklyn neighborhood is priced competitively for the current market, making it an exceptional investment opportunity for builders, developers, investors, or end-users seeking to capitalize on its immense potential. The property is located in Kings County (Brooklyn), NY, zip code 11209, and is listed at $1,495,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
23,585 SF
Lot
1.48 ac (64,338 SF)
Zoning code
M1-1
APN
08132-0030
UPID
US63-3828499
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
$7.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
NEW YORK BEVERAGE ACQ
NEW YORK BEVERAGE ACQ
Zoning & alternative use
M1-1 · 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%
$8,490,000
6.5%
$7,840,000
7%
$7,280,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$39 / 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
$160,046
Tax year 2024
Assessed value
$1,644,750
Assessed 2024
Previous assessed
$1,734,300
-5.2% YoY
Effective rate
9.73%
On assessed value
Assessed land
$599,400
Assessed improvement
$1,045,350
Land market value
$1,332,000
Improvement market value
$2,323,000
Total market value
$3,655,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
23,585 SF
Lot
1.48 ac (64,338 SF)
Zoning code
M1-1
APN
08132-0030
UPID
US63-3828499
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
NEW YORK BEVERAGE ACQ
Individual
Free & Clear · 0 yrs held
Mailing address
11402 15TH AVE STE #5, COLLEGE POINT, NY 11356-1402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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