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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Hotels
4923 2nd Ave, Brooklyn, NY 11232-4222
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6105138
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
57,688 SF
Lot
0.23 ac (10,017 SF)
Zoning code
M12D
APN
00781-0001
UPID
US63-6105138
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$810k
Owner & transaction history
4923 Ts LLC · 10 yrs held
4923 Ts LLC
since 2016
7 recorded transactions
Zoning & alternative use
M12D · 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
by Request
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$14 / 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
$84,508
Tax year 2024
Assessed value
$797,850
Assessed 2024
Previous assessed
$797,850
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$450,900
Assessed improvement
$346,950
Land market value
$1,002,000
Improvement market value
$771,000
Total market value
$1,773,000
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
2019
Heating
NONE
Buildings
1
Stories
9
Units
3
Total area
57,688 SF
Lot
0.23 ac (10,017 SF)
Zoning code
M12D
APN
00781-0001
UPID
US63-6105138
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12D · Brooklyn, NY
Zoning M12D · permitted uses
M12D · 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
2019
Heating
NONE
Stories
9
Buildings
1
Units
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
4923 Ts LLC
Entity
Mailing address
7207 13TH AVE, BROOKLYN, NY 11228-2008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
4923 Ts LLC
—
Deed
related
$1,000,000 · Kenden LLC
Mar 5, 2025
—
4923 Ts LLC
—
Deed
related
$100,000 · Kenden LLC
Aug 18, 2022
—
4923 Ts LLC
—
Deed
related
$1,500,000 · Bil-man Asset Management LLC
Jul 30, 2020
—
4923 Ts LLC
—
Deed
related
$2,548,433 · Victor Cheng
Sep 5, 2019
—
4923 Ts LLC
—
Deed
related
$1,500,000 · % Stephen I Feder, Esq , P C
Mar 21, 2019
—
Rong Fa R & E Mgmt INC
—
Loan Modification
related
$3,250,000 · Bil-man Asset Management LLC
Mar 10, 2016
$2,150,000
4923 Ts LLC
Arbia,ralph & Ralph JR
Grant Deed
—
Nov 10, 2005
—
4913 2nd Ave Realty LLC
Cohen,phyllis
Grant Deed
related
—
Oct 24, 2005
—
Frank Frasca
Elbualy,christine
Grant Deed
related
—
Oct 21, 2005
$350,000
Ralph Arbia JR.
4913 2nd Ave Realty LLC
Grant Deed
$350,000 · 4913 2nd Ave Realty LLC
Oct 13, 2004
—
Frank Frasca
Aucamp,stephen J
Grant Deed
related
—
—
—
Rong Fa R & E Mgmt INC
—
Loan Modification
related
$3,250,000 · Bil-man Asset Mgnt LLC
—
—
4923 Ts LLC
—
Loan Modification
related
$2,548,433 · Victor Cheng
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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