New search
Property profile & analytics
OFF-MARKET
Estimated value
$17,290,000
Office buildings
500 Dekalb Ave Brooklyn, NY 11205-5243
Entity Owned
~
Est. High Equity
Property ID
US63-1678609
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Total area
56,112 SF
Lot
0.28 ac (12,240 SF)
Zoning code
R7A
APN
01941-0020
UPID
US63-1678609
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
-
Supreme Medical Managemnt Medical Billing Service
-
SimkowitzCo Insurance Agency
-
Tax Services 123 Tax Preparation
-
500 Dekalb Real Estate Agency
-
Changgyu Park Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.97M
Comparable Approach
Comparable
$11.35M
Blend (final)
Blend
$17.29M
Owner & transaction history
Bsd Suites LLC
Bsd Suites LLC
since 2025
4 recorded transactions
Zoning & alternative use
R7A · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$24,885,000
6.5%
$22,970,000
7%
$21,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$28,120,000
Change: -9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,420,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$17.29M
Range $15.56M – $19.02M · ±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
$308 / 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
$343,591
Tax year 2024
Assessed value
$4,200,750
Assessed 2024
Previous assessed
$3,249,900
+29.3% YoY
Effective rate
8.18%
On assessed value
Assessed land
$330,300
Assessed improvement
$3,870,450
Land market value
$734,000
Improvement market value
$8,601,000
Total market value
$9,335,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1969
Heating
NONE
Buildings
2
Stories
6
Units
8
Total area
56,112 SF
Lot
0.28 ac (12,240 SF)
Zoning code
R7A
APN
01941-0020
UPID
US63-1678609
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · 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
WAREHOUSE, STORAGE
Est. value
$28.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.4M
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1969
Heating
NONE
Stories
6
Buildings
2
Units
8
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bsd Suites LLC
Entity
Mailing address
199 LEE AVE #201, BROOKLYN, NY 11211-8919
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Bsd Suites LLC
Dekalb Center LLC
Deed
$24,650,000 · Sig Cre 2023 Venture LLC
Apr 20, 2021
—
Dekalb Center LLC
—
Deed
related
$10,537,000 · Signature Bank
Dec 24, 2018
$23,250,000
Dekalb Center LLC
Arbern Brooklyn Coml Prop LLC
Grant Deed
$2,463,000 · A10 Cap
Aug 5, 2005
—
Brooklyn Commercial Pro Arbern
Arbern Realty Company
Quit Claim Deed
related
—
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.
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?”
You own 500 Dekalb Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
