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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Warehouses
4501 Ave N Ave Brooklyn, NY 11234-3612
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1679013
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1938
Total area
11,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R3-2
APN
07870-0007
UPID
US63-1679013
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
$3.09M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
4501 Avenue N LLC · 5 yrs held
4501 Avenue N LLC
since 2020
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
R3-2 · 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
$3,240,000
ML approach
$3,090,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $2.47M (Dec 7 2020)
Last sale anchor
$2.47M
Dec 7 2020
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
$271 / 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
$60,724
Tax year 2024
Assessed value
$715,950
Assessed 2024
Previous assessed
$610,200
+17.3% YoY
Effective rate
8.48%
On assessed value
Assessed land
$144,000
Assessed improvement
$571,950
Land market value
$320,000
Improvement market value
$1,271,000
Total market value
$1,591,000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1938
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
11,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R3-2
APN
07870-0007
UPID
US63-1679013
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Brooklyn, NYZoning R3-2 · permitted uses
R3-2 · 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
1938
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
4501 Avenue N LLC
Entity
Mailing address
4501 AVE AVE N, BROOKLYN, NY 11234-3612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
4501 Avenue N LLC
—
Deed
related
$1,500,000 · Truist Bank
Dec 7, 2020
$2,465,000
4501 Avenue N LLC
Windmiller Realty LLC
Grant Deed
$1,250,000 · Windmiller Realty LLC
May 11, 2010
—
Wimdmiller Realty LLC
Windmiller Hadassah
Grant Deed
—
Jan 23, 2006
—
Windmiller Hadassah Tr
Windmiller Hadassah
Quit Claim Deed
related
—
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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