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Property profile & analytics
OFF-MARKET
Estimated value
$18,635,000
Warehouses
425 Greenpoint Ave Brooklyn, NY 11222-1929
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-3011184
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1931
Total area
116,000 SF
Lot
1.36 ac (59,242 SF)
Zoning code
M3-1
APN
02517-0002
UPID
US63-3011184
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
-
Greenpoint Storage Plus Storage Facility
-
M Headshots Photography Service (Bike/Boat/Book/etc) Store
-
LuggageHero - Luggage storage Greenpoint Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.64M
Owner & transaction history
Greenpoint Storage Realty LLC · 12 yrs held
Greenpoint Storage Realty LLC
since 2013
5 recorded transactions
Zoning & alternative use
M3-1 · 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%
$23,140,000
6.5%
$21,360,000
7%
$19,835,000
Blend value · Realmo final
$18.64M
Range $16.77M – $20.50M · ±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
$161 / 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
$456,888
Tax year 2024
Assessed value
$4,654,800
Assessed 2024
Previous assessed
$4,496,400
+3.5% YoY
Effective rate
9.82%
On assessed value
Assessed land
$480,150
Assessed improvement
$4,174,650
Land market value
$1,067,000
Improvement market value
$9,277,000
Total market value
$10,344,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
5
Stories
5
Units
3
Total area
116,000 SF
Lot
1.36 ac (59,242 SF)
Zoning code
M3-1
APN
02517-0002
UPID
US63-3011184
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NYZoning M3-1 · permitted uses
M3-1 · 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
1931
Heating
NONE
Stories
5
Buildings
5
Units
3
Lot
1.36 ac
Current owner
From public records · entity-resolved
Greenpoint Storage Realty LLC
Entity
Mailing address
425 GREENPOINT AVE, BROOKLYN, NY 11222-1929
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2016
—
Greenpoint Storage Realty LLC
—
Deed
related
$13,000,000 · Manufacturers & Traders Tr
Dec 18, 2013
$10,500,000
Greenpoint Storage Realty LLC
St Nicholas Garage Corp
Deed
$1,000,000 · Manufacturers & Traders Trust Co
—
—
Grenpoint Storage Realty LLC
—
Loan Modification, Consolidation And Extension
related
$1,750,000 · Manufacturers & Traders Tr
—
—
Greenpoint Storage Realty LLC
—
Loan Modification, Consolidation And Extension
related
$13,000,000 · Manufacturers & Traders Tr
—
—
St Nicholas Garage Corp
—
Deed Of Trust
related
$900,000 · City & Suburban Fsb
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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