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Property profile & analytics
OFF-MARKET
Estimated value
$5,830,000
Retail space
4915 Flatlands Ave Brooklyn, NY 11234-2115
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-4143656
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
12,648 SF
Lot
0.54 ac (23,585 SF)
Zoning code
C8-1
APN
07797-0070
UPID
US63-4143656
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
LibertyX Bitcoin ATM Atm
-
Maria Agojo Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$5.83M
Owner & transaction history
Flatlands Capital LLC · 6 yrs held
Flatlands Capital LLC
since 2019
7 recorded transactions
Zoning & alternative use
C8-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.2M
+2.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,010,000
Current use
INDUSTRIAL (GENERAL)
$7,180,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$6,960,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$6,340,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.25M – $6.41M · ±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
$461 / 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
$332,247
Tax year 2024
Assessed value
$3,257,100
Assessed 2024
Previous assessed
$3,245,850
+0.3% YoY
Effective rate
10.20%
On assessed value
Assessed land
$424,350
Assessed improvement
$2,832,750
Land market value
$943,000
Improvement market value
$6,295,000
Total market value
$7,238,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
12,648 SF
Lot
0.54 ac (23,585 SF)
Zoning code
C8-1
APN
07797-0070
UPID
US63-4143656
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Brooklyn, NY
Zoning C8-1 · permitted uses
C8-1 · 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
RETAIL STORES Current
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
OFFICE BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.3M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2010
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Flatlands Capital LLC
Entity
Mailing address
6 COW LN, KINGS POINT, NY 11024-1517
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2019
—
Yeg Mgt LLC
—
Loan Modification
related
$9,000,000 · C-iii Com'l Mtg
Sep 27, 2019
$12,800,000
Flatlands Capital LLC
Sunco Realty LLC
Deed
$4,234,460 · C-iii Commercial Mortgage LLC
Feb 28, 2011
—
Sunco Realty LLC
—
Deed Of Trust
related
$5,000,000 · Investors Savings Bank Fsb
Nov 24, 2006
$125,760
Sunco Realty LLC
Slater,richard
Grant Deed
—
Dec 14, 2005
—
Sunco Realty LLC
Herscowitz,ellen
Grant Deed
related
—
—
—
Sunco Realty LLC
—
Deed Of Trust
related
$925,027 · Investors Bank & Trust
—
—
Sunco Realty LLC
—
Deed Of Trust
related
$3,500,000 · Investors Savings Bank Fsb
—
—
Sunco Realty LLC
—
Deed Of Trust
related
$2,495,822 · Investors Savings Bank Fsb
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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