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Property profile & analytics
OFF-MARKET
Hotels
46 Nevins St, Brooklyn, NY 11217-1020
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0184898
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
85,347 SF
Lot
0.17 ac (7,470 SF)
Zoning code
C6-4
APN
00166-0040
UPID
US63-0184898
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
-
Hotel New York Hotel & Motel
-
EVEN Kitchen & Bar Restaurant
-
EVEN Hotel Brooklyn, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T-r 46 Nevins Owner LLC · 4 yrs held
T-r 46 Nevins Owner LLC
since 2021
Last sale
$29.7M
7 recorded transactions
Zoning & alternative use
C6-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,248,417
Tax year 2024
Assessed value
$12,786,750
Assessed 2024
Previous assessed
$11,277,900
+13.4% YoY
Effective rate
9.76%
On assessed value
Assessed land
$1,344,600
Assessed improvement
$11,442,150
Land market value
$2,988,000
Improvement market value
$25,427,000
Total market value
$28,415,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
13
Units
1
Total area
85,347 SF
Lot
0.17 ac (7,470 SF)
Zoning code
C6-4
APN
00166-0040
UPID
US63-0184898
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · Brooklyn, NY
Zoning C6-4 · permitted uses
C6-4 · 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.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
13
Buildings
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
T-r 46 Nevins Owner LLC
Entity
Mailing address
72 WARREN ST STE 6R, NEW YORK, NY 10007-3514
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$29,700,000
T-r 46 Nevins Owner LLC
46 Nevins Street Associates LLC
Deed
$31,600,000 · Midcap Financial Trust
Nov 15, 2021
—
T-r 46 Nevins Owner LLC
46 Nevins Street Associates LLC
Deed
$1,500,000 · Midcap Financial Trust
Dec 12, 2013
$100,000
Cbcs Brooklyn LLC
Altschuller Reuven Trust
Quit Claim Deed
related
—
Dec 12, 2013
$19,000,000
46 Nevins Street Assocs LLC
Cbcs Brooklyn LLC
Grant Deed
—
Dec 12, 2013
—
46 Nevins Street Assocs LLC
Cbcs Brooklyn LLC
Quit Claim Deed
related
—
Jun 4, 2013
$1,138,000
Cbcs Brooklyn LLC
Cbcs Brooklyn LLC
Grant Deed
related
—
Jan 18, 2012
$4,500,000
Cbcs Brooklyn LLC
H Nevins Street Associates LLC
Grant Deed
—
Sep 3, 2009
—
H Nevins Street Associates LLC
—
Deed Of Trust
related
$6,000,000 · New York Community Bank
Oct 27, 2008
—
H Eighth Avenue Assocs LLC
—
Deed Of Trust
related
$13,250,000 · New York Community Bank
Jul 20, 2007
$7,000,000
H Nevins Street Associates LLC
Kaplon-belo Associates
Grant Deed
$6,500,000 · New York Community Bank
—
—
Cbcs Brooklyn LLC
—
Deed Of Trust
related
$3,250,000 · New York Community 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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