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Property profile & analytics
OFF-MARKET
Estimated value
$67,260,000
Assisted living facilities
48 Cedar St, Brooklyn, NY 11221-3253
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0849161
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
131,650 SF
Lot
0.71 ac (30,837 SF)
Zoning code
R6
APN
03232-0001
UPID
US63-0849161
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
-
Berger Yitzhak PHD Physician Medical Clinic
-
Buena Vida Rehabilitation and Nursing Center Nursing Home
-
caton park Nursing Home
-
Thiri Myint Nursing Home
-
Boakye-Yiadom Folashade DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$67.26M
Owner & transaction history
Bv Snf Realty LLC · 3 yrs held
Bv Snf Realty LLC
since 2023
Last sale
$70.0M
5 recorded transactions
Zoning & alternative use
R6 · 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
$61,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$67.26M
Range $60.53M – $73.99M · ±10% · vs last sale $70.00M (Jun 16 2023)
Last sale anchor
$70.00M
Jun 16 2023
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
$511 / 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
$1,746,395
Tax year 2024
Assessed value
$17,190,000
Assessed 2024
Previous assessed
$16,843,500
+2.1% YoY
Effective rate
10.16%
On assessed value
Assessed land
$438,300
Assessed improvement
$16,751,700
Land market value
$974,000
Improvement market value
$37,226,000
Total market value
$38,200,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
131,650 SF
Lot
0.71 ac (30,837 SF)
Zoning code
R6
APN
03232-0001
UPID
US63-0849161
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
1998
Heating
NONE
Stories
8
Buildings
1
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Bv Snf Realty LLC
Entity
Mailing address
48 CEDAR ST, BROOKLYN, NY 11221-3253
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
$70,000,000
Bv Snf Realty LLC
48 Cedar Street LLC
Deed
$13,343,192 · Computershare Trust Company, N.a.
Jun 16, 2023
—
48 Cedar Street LLC
48 Cedar Street LLC
Deed
related
$8,800,000 · Capital Funding, LLC
Aug 12, 2022
—
48 Cedar Street LLC
48 Cedar Street II LLC
Deed
—
May 6, 2020
$58,750,000
48 Cedar Street II LLC
Buena Vida Corporation
Deed
$40,000,000 · Peoples United Bank, National Assoc
—
—
Buena Vida Corp
—
Loan Modification
related
$25,785,000 · Dormatory Auth Of The St Of Ny
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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