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Property profile & analytics
OFF-MARKET
Estimated value
$10,570,000
Office buildings
4502 13th Ave 4508 Brooklyn, NY 11219-6625
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2186615
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
27,907 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C4-3
APN
05616-0035
UPID
US63-2186615
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
-
Exclusive Flooring General Contractor
-
Menachem Simon Insurance Insurance Agency
-
Sky Media Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Werki by D Hardware & Home Improvement Kitchen & Bath Showroom
-
Premium Education Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
13th Avenue Retail Holdings 35 · 11 yrs held
13th Avenue Retail Holdings 35
since 2014
6 recorded transactions
Zoning & alternative use
C4-3 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$15.8M
+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%
$13,585,000
6.5%
$12,540,000
7%
$11,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,360,000
Current use
INDUSTRIAL (GENERAL)
$15,840,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,985,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,605,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$10.57M
Range $9.51M – $11.63M · ±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
$379 / 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
$227,805
Tax year 2024
Assessed value
$3,332,700
Assessed 2024
Previous assessed
$1,636,650
+103.6% YoY
Effective rate
6.84%
On assessed value
Assessed land
$189,000
Assessed improvement
$3,143,700
Land market value
$420,000
Improvement market value
$6,986,000
Total market value
$7,406,000
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
1925
Heating
NONE
Buildings
1
Stories
5
Units
3
Total area
27,907 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C4-3
APN
05616-0035
UPID
US63-2186615
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Brooklyn, NY
Zoning C4-3 · permitted uses
C4-3 · 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
$15.4M
INDUSTRIAL (GENERAL)
Est. value
$15.8M
WAREHOUSE, STORAGE
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$13.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1925
Heating
NONE
Stories
5
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
13th Avenue Retail Holdings 35
Entity
Mailing address
1274 49TH ST, BROOKLYN, NY 11219-3011
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
—
13th Ave Retail Hldgs LLC
—
Loan Modification
related
$24,000,000 · Flushing Bk
Nov 14, 2019
—
13th Ave Retail Hldgs 35 LLC
—
Grant Deed
related
$9,891,510 · Flushing Bk
Oct 2, 2014
$5,200,000
13th Avenue Retail Holdings 35
4502-06 13th Avenue LLC
Grant Deed
$14,265,109 · Flushing Bk
Nov 22, 2011
$5,020,749
4502-06 13th Avenue LLC
Britegold Associates
Grant Deed
—
—
—
13th Ave Retail Hldgs 35 LLC
—
Deed Of Trust
related
$5,608,490 · Flushing Bk
—
—
13th Ave Retail Hldgs 35 LLC
—
Loan Modification
related
$15,500,000 · Flushing Bk
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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