Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

48 Herkimer Pl Brooklyn, NY 11216

FOR LEASE
Other industrial properties
Property ID
US63-2728787
2,454 SF 0.03 ac lot Built 1910
Last sale Dec 2022 · $1,470,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

48–50 Herkimer Place consists of contiguous buildings configured as office space over two warehouses, combining office and industrial use in a total built-out area of 3,681 square feet. The parcels, located in Brooklyn’s Bedford-Stuyvesant neighborhood between Bedford Avenue and Nostrand Avenue, have a combined footprint of 50 ft by 49 ft across Block 1866, Lots 0019 and 0020, and are M1-1 zoned. The site offers access to the Brooklyn-Queens Expressway and the Atlantic Avenue corridor and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$120k
Assessed land$5k
Assessed improvement$115k
Effective rate9.24%

Value estimate

· Oct 2026
$1.54M
$1.38M – $1.69M
AI approach$1.48M
Submarket $/SF estimate$1.34M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$568/SF
Submarket average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$327 – $821
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-1
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm161.8
Dental Office57.1
Realty agency27.3

Location

48 Herkimer Pl Brooklyn, NY 11216
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
173 Lexington, Brooklyn, NY 11216-1114 $14,212,447 Oct 2024 3,750 SF
50 Herkimer, Brooklyn, NY 11216-2714 $1,470,000 Dec 2022 1,227 SF
59 Herkimer, Brooklyn, NY 11216 $2,600,000 May 2022 6,300 SF
17-19 Herkimer, Brooklyn, NY 11216 $1,130,000 Dec 2019 1,620 SF
27-29 Herkimer, Brooklyn, NY 11216 $1,410,000 Dec 2019 4,275 SF
15 Herkimer, Brooklyn, NY 11216-2713 $300,000 Mar 2019 2,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved