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Property profile & analytics
OFF-MARKET
Estimated value
$22,285,000
Retail residential properties
5002 13th Ave 5020 Brooklyn, NY 11219-3518
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0964599
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1985
Total area
40,802 SF
Lot
0.42 ac (18,232 SF)
Zoning code
C4-3
APN
05648-0038
UPID
US63-0964599
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
-
Brooklyn Oriental Area Rug Cleaning Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.67M
Comparable Approach
Comparable
$28.28M
Blend (final)
Blend
$22.29M
Owner & transaction history
Garfam 13 LLC · 5 yrs held
Garfam 13 LLC
since 2020
Last sale
$24.3M
7 recorded transactions
Zoning & alternative use
C4-3 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$32.4M
+63.0%
Retail stores
$31.4M
+57.9%
Industrial (general)
$23.2M
+16.4%
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%
$15,885,000
6.5%
$14,665,000
7%
$13,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,895,000
Current use
AUTO REPAIR, GARAGE
$32,420,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$31,420,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$23,160,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$22,460,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$20,450,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$22.29M
Range $20.06M – $24.51M · ±10% · vs last sale $24.33M (Sep 14 2020)
Last sale anchor
$24.33M
Sep 14 2020
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
$546 / 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
$392,370
Tax year 2024
Assessed value
$3,704,400
Assessed 2024
Previous assessed
$4,390,650
-15.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$471,600
Assessed improvement
$3,232,800
Land market value
$1,048,000
Improvement market value
$7,184,000
Total market value
$8,232,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
1
Stories
2
Units
15
Total area
40,802 SF
Lot
0.42 ac (18,232 SF)
Zoning code
C4-3
APN
05648-0038
UPID
US63-0964599
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Brooklyn, NY
Zoning C4-3 · permitted uses
C4-3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$19.9M
AUTO REPAIR, GARAGE
Est. value
$32.4M
RETAIL STORES
Est. value
$31.4M
INDUSTRIAL (GENERAL)
Est. value
$23.2M
OFFICE BUILDING
Est. value
$22.5M
WAREHOUSE, STORAGE
Est. value
$20.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Heating
NONE
Stories
2
Buildings
1
Units
15
Lot
0.42 ac
Current owner
From public records · entity-resolved
Garfam 13 LLC
Entity
Mailing address
199 LEE AVE #162, BROOKLYN, NY 11211-8919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
Garfam 13 LLC
—
Deed
related
$12,500,000 · New York Community Bank
Sep 14, 2020
$24,330,000
Garfam 13 LLC
Bpbp LP
Grant Deed
—
Jul 12, 2017
—
Bpbp LP
—
Loan Modification, Consolidation And Extension
related
$16,500,000 · New York Cmnty Bk
Apr 30, 2015
$25,000,000
Bpbp LP
Gan Ents INC
Trustees Deed
$9,130,755 · Rcg Lv Debt V Reit LP
Sep 9, 2011
—
Blima Homes INC
—
Deed Of Trust
related
$6,650,000 · Berkshire Bank
Dec 31, 2009
—
Blima Homes INC
Gan Ents LLC
Grant Deed
—
Jan 26, 2009
—
Gan Ents LLC
Gan Ents
Quit Claim Deed
$1,923,584 · Berkshire Bank
—
—
Bpbp LP
—
Loan Modification, Consolidation And Extension
$15,000,000 · Rcg Lv Debt V Reit LP
—
—
Gan Ents LLC
—
Deed Of Trust
related
$3,000,000 · Berkshire Bank
—
—
Gan Ents LLC
—
Deed Of Trust
related
$4,334,492 · Berkshire Bank
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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