Entity Owned Property summary
AI-generated overview
This exceptional retail opportunity encompasses 3,350 square feet of prime commercial space located at 460 Driggs Avenue in the vibrant Williamsburg neighborhood of Brooklyn, New York. The property is situated between North 10th Street and North 11th Street, offering excellent visibility and accessibility. Its strategic location provides convenient access to the L train at the Bedford Avenue station, ensuring high foot traffic and easy commutes for both employees and customers. Multiple bus lines (B62, B48, B32, & B43) also serve the area, further enhancing accessibility. The property is a multi-tenant building, offering flexibility for various retail concepts. This thriving commercial corridor boasts a diverse range of established businesses, creating a synergistic environment. Nearby businesses include, but are not limited to, MyMoon, Republic Latin Fusion, Better Body Bootcamp, Nami Nori, Fushimi, NYC Pet, Buffalo Exchange, Chalk Gyms, Fedoroff's Roast Pork, Allswell, Leon's Bagels, and Lilia. This presents a unique chance to establish a presence in a bustling and highly sought-after area of Brooklyn, benefiting from the existing strong commercial activity and high density of residents. The property's size and location make it ideal for a variety of retail uses. The address is 460 Driggs Avenue, Brooklyn, NY 11211, in Kings County.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1950
Total area
19,755 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M12R6A
APN
02298-0017
UPID
US63-1921841
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.28M
Owner & transaction history
since 2022
3 recorded transactions
Zoning & alternative use
M12R6A · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.28M
Value range
$7.45M – $9.11M
±10% around blend
Estimated value / SF
$419 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
$7.45M
blend $8.28M
$9.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,755 SF
Lot area
0.23 ac
Year built
1950
Stories
2
APN
02298-0017
Zoning
M12R6A
Assessed value
$2,408,850
Annual tax
$221,599
3
Income approach: direct capitalization
Partial preview
Income approach indication
$11.03M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.95M
@ 6.5% CAP return
$11.03M
@ 7% CAP return
$10.25M
4
Sales comparison
Partial preview
Sales approach indication
$11.82M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 16,236 SF
1.0 mi away · 19,750 SF
2.2 mi away · 14,982 SF
2.6 mi away · 14,875 SF
2.7 mi away · 16,536 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.28M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 157 sales
$673
-38%
Submarket 3044 sales
$491
-15%
County 3044 sales
$491
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $419/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.41M
Move the market yield to see immediate price impact.
Value / SF
$122
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$152k
$3.04M
$2.17M
$1.69M
$169k
$3.37M
$2.41M
$1.87M
$185k
$3.71M
$2.65M
$2.06M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$17.00M
0.8 mi · Feb 2026 · $781/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$221,599
Tax year 2024
Assessed value
$2,408,850
Assessed 2024
Previous assessed
$2,140,200
+12.6% YoY
Effective rate
9.20%
On assessed value
Assessed land
$181,800
Assessed improvement
$2,227,050
Land market value
$404,000
Improvement market value
$4,949,000
Total market value
$5,353,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Units
13
Total area
19,755 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M12R6A
APN
02298-0017
UPID
US63-1921841
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6A · Brooklyn, NYZoning M12R6A · permitted uses
M12R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Buildings
1
Units
13
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M12R6A
Jurisdiction
Brooklyn, NY
Recorded code
M12R6A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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