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Property profile & analytics
OFF-MARKET
Estimated value
$6,530,000
Retail residential properties
4317 8th Ave 4323 Brooklyn, NY 11232-2891
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1897348
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1935
Total area
19,104 SF
Lot
0.14 ac (6,017 SF)
Zoning code
R6
APN
00733-0001
UPID
US63-1897348
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
-
咖啡店 Cafe & Coffee Shop
-
Great Taste Dumpling Restaurant
-
WFG Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$6.53M
Owner & transaction history
Zhen Xiang LLC · 5 yrs held
Zhen Xiang LLC
since 2021
Last sale
$6.0M
1 recorded transaction
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.8M
+44.2%
Office building
$10.5M
+39.9%
Warehouse, storage
$9.1M
+21.6%
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
$6,645,000
ML approach
$6,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,520,000
Current use
INDUSTRIAL (GENERAL)
$10,845,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$10,515,000
Change: +40% · Conversion: Easy
WAREHOUSE, STORAGE
$9,145,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$6.53M
Range $5.88M – $7.18M · ±10% · vs last sale $6.00M (Jul 9 2021)
Last sale anchor
$6.00M
Jul 9 2021
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
$342 / 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
$119,798
Tax year 2024
Assessed value
$1,125,000
Assessed 2024
Previous assessed
$1,011,600
+11.2% YoY
Effective rate
10.65%
On assessed value
Assessed land
$135,450
Assessed improvement
$989,550
Land market value
$301,000
Improvement market value
$2,199,000
Total market value
$2,500,000
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
1935
Heating
NONE
Buildings
1
Stories
4
Units
18
Total area
19,104 SF
Lot
0.14 ac (6,017 SF)
Zoning code
R6
APN
00733-0001
UPID
US63-1897348
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$9.1M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1935
Heating
NONE
Stories
4
Buildings
1
Units
18
Lot
0.14 ac
Current owner
From public records · entity-resolved
Zhen Xiang LLC
Entity
Mailing address
4317 8TH AVE, BROOKLYN, NY 11232-2891
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$6,000,000
Zhen Xiang LLC
4205 8th Avenue Corp
Deed
$3,880,000 · Ctbc Bank Corp. (usa)
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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