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Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
Auto shops
50 2nd St, Brooklyn, NY 11249-5121
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0849113
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Lot
0.11 ac (5,000 SF)
Zoning code
M14R6A
APN
02415-0016
UPID
US63-0849113
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
-
City harvest Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.64M
Owner & transaction history
50 South 2nd Owner, LLC · 3 yrs held
50 South 2nd Owner, LLC
since 2023
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
M14R6A · 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
$7,625,000
ML approach
$7,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±10% · vs last sale $7.64M (Jun 27 2023)
Last sale anchor
$7.64M
Jun 27 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
—
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
$18,484
Tax year 2024
Assessed value
$262,800
Assessed 2024
Previous assessed
$202,050
+30.1% YoY
Effective rate
7.03%
On assessed value
Assessed land
$262,800
Land market value
$584,000
Total market value
$584,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
NONE
Lot
0.11 ac (5,000 SF)
Zoning code
M14R6A
APN
02415-0016
UPID
US63-0849113
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R6A · Brooklyn, NY
Zoning M14R6A · permitted uses
M14R6A · 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
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
50 South 2nd Owner, LLC
Entity
Mailing address
469 7TH AVE APT 1R, BROOKLYN, NY 11215-7673
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
50 South 2nd Owner, LLC
—
Deed
related
$10,000,000 · S3 Re Funding III LLC
Jun 27, 2023
$7,640,000
50 South 2nd Owner, LLC
56 South Second LLC
Deed
$4,000,000 · S3 Re Funding III LLC
Jul 9, 2010
—
291 Kent Properties LLC
291 Kent Properties LLC
Quit Claim Deed
related
—
May 28, 2010
—
291 Kent Properties LLC
—
Deed Of Trust
related
$1,749,348 · Banco Popular NA
Oct 18, 2007
$10,000,000
291 Kent Properties LLC
Southside Realty Holdings LLC
Grant Deed
related
$3,800,000 · Banco Popular NA
Mar 16, 2005
$800,000
56 South Second LLC
Gottlieb,a A
Grant Deed
$1,000,000 · Foo-lu Company
—
—
56 South Second LLC
—
Deed Of Trust
related
$499,990 · Foo-lu Co
—
—
56 South Second LLC
—
Deed Of Trust
related
$1,499,990 · Foo-lu Co
—
—
291 Kent Props LLC
—
Deed Of Trust
related
$600,000 · Banco Popular NA
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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