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Property profile & analytics
OFF-MARKET
Estimated value
$18,020,000
Office buildings
447-449 Atlantic Ave Brooklyn, NY 11217
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-6258592
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Total area
47,266 SF
Lot
0.22 ac (9,687 SF)
Zoning code
R7A
APN
00178-0046
UPID
US63-6258592
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
$19.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.02M
Owner & transaction history
Brookmed Partners Fee LLC · 8 yrs held
Brookmed Partners Fee LLC
since 2018
3 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$26.8M
+3.1%
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%
$20,965,000
6.5%
$19,350,000
7%
$17,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,020,000
Current use
INDUSTRIAL (GENERAL)
$26,825,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$24,960,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$23,690,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$18.02M
Range $16.22M – $19.82M · ±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
$381 / 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
$73,641
Tax year 2024
Assessed value
$11,807,550
Assessed 2024
Previous assessed
$11,806,650
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$540,450
Assessed improvement
$11,267,100
Land market value
$1,201,000
Improvement market value
$25,038,000
Total market value
$26,239,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
47,266 SF
Lot
0.22 ac (9,687 SF)
Zoning code
R7A
APN
00178-0046
UPID
US63-6258592
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$26.0M
INDUSTRIAL (GENERAL)
Est. value
$26.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.0M
WAREHOUSE, STORAGE
Est. value
$23.7M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Brookmed Partners Fee LLC
Entity
Mailing address
1114 AVE OF THE AMERICAS, NEW YORK, NY 10036-7703
Ownership since
2018
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
Feb 14, 2018
—
Brookmed Partners Fee LLC
Brookmed Partners LLC
Deed
$7,346,419 · Deutsche Bank Ag, New York Branch
Feb 20, 2007
—
Brookmed Partners LLC
—
Deed Of Trust
related
$21,000,000 · Prudential Insurance Co
Nov 24, 2006
$3,875,000
Brookmed Partners LLC
Nevins Realty Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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