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Property profile & analytics
FOR LEASE
Investment properties
5109 5Th Ave, Brooklyn, NY 11220
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3607627
For Lease
1 / 2
$9,385,000
5109 5Th Ave, Brooklyn, NY 11220
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
21,600 SF
Lot
0.18 ac (7,728 SF)
Zoning code
C43A
APN
00800-0005
UPID
US63-3607627
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
-
Om Milan Wooden Furniture Furniture & Home Goods Home Decor Store
-
DIi Discount Store Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.14M
CAP Approach
CAP
$9.17M
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$9.39M
Owner & transaction history
Sunset Nyc Holdings LLC · 2 yrs held
Sunset Nyc Holdings LLC
since 2023
Last sale
$10.4M
3 recorded transactions
Zoning & alternative use
C43A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$12.3M
+19.1%
Warehouse, storage
$10.8M
+5.2%
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
$9,475,000
ML approach
$8,135,000
CAP Approach
CAP Return
Estimation
6%
$9,935,000
6.5%
$9,170,000
7%
$8,515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,295,000
Current use
INDUSTRIAL (GENERAL)
$12,260,000
Change: +19% · Conversion: Moderate
WAREHOUSE, STORAGE
$10,825,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$9.39M
Range $8.45M – $10.32M · ±10% · vs last sale $10.40M (Sep 22 2023)
Last sale anchor
$10.40M
Sep 22 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
$434 / 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
$115,385
Tax year 2024
Assessed value
$1,167,300
Assessed 2024
Previous assessed
$1,080,000
+8.1% YoY
Effective rate
9.88%
On assessed value
Assessed land
$139,050
Assessed improvement
$1,028,250
Land market value
$309,000
Improvement market value
$2,285,000
Total market value
$2,594,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
21,600 SF
Lot
0.18 ac (7,728 SF)
Zoning code
C43A
APN
00800-0005
UPID
US63-3607627
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C43A · Brooklyn, NY
Zoning C43A · permitted uses
C43A · 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
$10.3M
INDUSTRIAL (GENERAL)
Est. value
$12.3M
WAREHOUSE, STORAGE
Est. value
$10.8M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1931
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Sunset Nyc Holdings LLC
Entity
Mailing address
626 SHEEPSHEAD BAY RD STE #320, BROOKLYN, NY 11224-3605
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$10,400,000
Sunset Nyc Holdings LLC
Estjon, LLC
Deed
—
Jul 27, 2004
$1,800,000
Estjon LLC
Cureff Realty Corp
Grant Deed
$1,600,000 · Cureff Realty Corp
—
—
Cureff Realty Corp
—
Loan Modification
related
$1,600,000 · Estjon LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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