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Property profile & analytics
OFF-MARKET
Estimated value
$20,000,000
Apartment buildings
450 61st St Brooklyn, NY 11220-4567
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1580192
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1912
Total area
17,200 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R6A
APN
05791-0034
UPID
US63-1580192
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
$20.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.00M
Owner & transaction history
Sunset Park 61 LLC · 1 yrs held
Sunset Park 61 LLC
since 2024
Last sale
$20.0M
3 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.6M
+569.1%
Auto repair, garage
$13.7M
+256.7%
Retail stores
$13.2M
+245.7%
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
$20,000,000
ML approach
$20,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,635,000
Change: +569% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,665,000
Change: +257% · Conversion: Difficult
RETAIL STORES
$13,245,000
Change: +246% · Conversion: Difficult
Blend value · Realmo final
$20.00M
Range $18.00M – $22.00M · ±10% · vs last sale $20.00M (Sep 13 2024)
Last sale anchor
$20.00M
Sep 13 2024
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
$1,163 / 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
$85,998
Tax year 2024
Assessed value
$698,400
Assessed 2024
Previous assessed
$698,400
+0.0% YoY
Effective rate
12.31%
On assessed value
Assessed land
$58,050
Assessed improvement
$640,350
Land market value
$129,000
Improvement market value
$1,423,000
Total market value
$1,552,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1912
Heating
NONE
Buildings
1
Stories
4
Units
20
Total area
17,200 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R6A
APN
05791-0034
UPID
US63-1580192
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NY
Zoning R6A · permitted uses
R6A · 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
Est. value
$25.6M
AUTO REPAIR, GARAGE
Est. value
$13.7M
RETAIL STORES
Est. value
$13.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1912
Heating
NONE
Stories
4
Buildings
1
Units
20
Lot
0.11 ac
Current owner
From public records · entity-resolved
Sunset Park 61 LLC
Entity
Mailing address
6608 18TH AVE STE #2, BROOKLYN, NY 11204-4356
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 13, 2024
$20,000,000
Sunset Park 61 LLC
Eagl-vi LLC
Deed
$16,026,773 · Greystone Servicing Company LLC
Aug 1, 2024
—
Eagl-vi LLC
61 Street Realty Associates
Deed
—
Jul 26, 2024
—
Eagl-vi LLC
61st Street Realty Associates LP
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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