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Property profile & analytics
OFF-MARKET
Estimated value
$10,450,000
Office buildings
449 39th St Brooklyn, NY 11232-2909
Entity Owned
1-yr Hold
Property ID
US63-1592414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
15,815 SF
Lot
0.08 ac (3,505 SF)
Zoning code
M1-2
APN
00705-0057
UPID
US63-1592414
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
-
Genesis Detox of Brooklyn Medical Clinic
-
Estate Planning Brooklyn Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.16M
CAP Approach
CAP
$6.48M
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$10.45M
Owner & transaction history
449 39th St. Realty Corp. · 1 yrs held
449 39th St. Realty Corp.
since 2025
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.6M
+44.3%
Retail stores
$12.2M
+39.9%
Industrial (general)
$9.0M
+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
$11,260,000
ML approach
$8,160,000
CAP Approach
CAP Return
Estimation
6%
$7,015,000
6.5%
$6,475,000
7%
$6,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,705,000
Current use
AUTO REPAIR, GARAGE
$12,565,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$12,180,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,975,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,570,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.41M – $11.50M · ±10% · vs last sale $11.50M (Mar 28 2025)
Last sale anchor
$11.50M
Mar 28 2025
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
$661 / 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
$11,058
Tax year 2024
Assessed value
$1,246,500
Assessed 2024
Previous assessed
$1,152,900
+8.1% YoY
Effective rate
0.89%
On assessed value
Assessed land
$104,400
Assessed improvement
$1,142,100
Land market value
$232,000
Improvement market value
$2,538,000
Total market value
$2,770,000
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
1
Stories
6
Units
2
Total area
15,815 SF
Lot
0.08 ac (3,505 SF)
Zoning code
M1-2
APN
00705-0057
UPID
US63-1592414
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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
$8.7M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$12.2M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
WAREHOUSE, STORAGE
Est. value
$7.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2008
Heating
NONE
Stories
6
Buildings
1
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
449 39th St. Realty Corp.
Entity
Mailing address
449 39TH ST, BROOKLYN, NY 11232-2909
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$11,500,000
449 39th St. Realty Corp.
Samuel Benitez
Deed
$3,568,315 · Vnb New York, LLC
Mar 28, 2025
—
Diamond Plate Realty, INC.
—
Deed
related
—
Mar 18, 2019
—
Quarry On 17 LLC
—
Grant Deed
related
$8,940,000 · First Ic Bk
Nov 9, 2018
—
Diamond Plate Realty INC
—
Deed
related
$4,000,000 · Sb One Bk
Aug 21, 2006
—
Diamond Plate Realty INC
Benitez,samuel
Grant Deed
related
—
Jun 15, 2006
—
Diamond Plate Realty INC
Benitez,samuel
Grant Deed
related
—
—
—
Diamond Plate Realty INC
—
Loan Modification, Consolidation And Extension
related
$2,688,000 · Bcb Cmnty Bk
—
—
Diamond Plate Realty INC
—
Deed Of Trust
related
$1,476,570 · Sb One Bk
—
—
Diamond Plate Realty INC
—
Loan Modification
related
$4,000,000 · Sb One Bk
—
—
Diamond Plate Realty INC
—
Deed Of Trust
related
$2,688,000 · Bcb Cmnty Bk
—
—
Samuel Benitez
—
Deed Of Trust
related
$450,000 · Option One Mortgage Corp
—
—
Diamond Plate Realty
—
Deed Of Trust
related
$1,700,000 · Alma Bank
—
—
Diamond Plate Realty INC
—
Deed Of Trust
related
$450,000 · Alma Bank
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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