Financial
Distress signals
Property profile

505 Flushing Ave Ste 1b Brooklyn, NY 11205

OFF-MARKET
Retail space
Property ID
US63-4328234
616 SF 0.52 ac lot Built 2010
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$811
Tax billed · 2024
Assessed value$47k
Assessed land$3k
Assessed improvement$44k
Effective rate1.72%

Value estimate

· Sep 2026
$425k
$383k – $468k
AI approach$405k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$770/SF
Submarket average, outlier-cleaned · 291 recorded sales of this use type
Observed band · Q1–Q3$457 – $1,224
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7-1
C1 or C2 mapped in R7-1 3.5 1.0 (b) For buildings containing residential and community facility uses , where such buildings have a ratio ...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm125.8
Realty agency29.1
Assisted Living Facility17.7

Location

505 Flushing Ave Ste 1b Brooklyn, NY 11205-1688
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
527 Myrtle, Brooklyn, NY 11205 $2,788,425 Apr 2024 2,100 SF
113 Spencer, Brooklyn, NY 11205-2805 $7,500,000 Jul 2023 5,000 SF
226-228 Dekalb, Brooklyn, NY 11205 $3,000,000 Sep 2022 1,450 SF
342 Park, Brooklyn, NY 11205-2634 $1,162,500 Jul 2019 1,204 SF
483 Myrtle, Brooklyn, NY 11205-2508 $86,000 Jun 2019 3,360 SF
394-398 Myrtle, Brooklyn, NY 11205 $3,450,000 Dec 2018 4,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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