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Property profile & analytics
OFF-MARKET
Estimated value
$24,615,000
Retail space
528 Gtwy Dr, Brooklyn, NY 11239-2826
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-5150708
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
48,459 SF
Lot
0.68 ac (29,749 SF)
Zoning code
C4-2
APN
04452-0555
UPID
US63-5150708
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
-
fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
-
Gap Factory Clothing Store Men'S Clothing Store
-
Petco Dog Training Animal Training
-
Petco Grooming Pet Grooming Service
-
Just Food For Dogs (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.62M
Owner & transaction history
Sheshree, INC. · 2 yrs held
Sheshree, INC.
since 2024
7 recorded transactions
Zoning & alternative use
C4-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$38.5M
+3.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$37,315,000
Current use
AUTO REPAIR, GARAGE
$38,500,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$24.62M
Range $22.15M – $27.08M · ±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
$508 / 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
$1,146,601
Tax year 2024
Assessed value
$11,609,100
Assessed 2024
Previous assessed
$11,359,350
+2.2% YoY
Effective rate
9.88%
On assessed value
Assessed land
$717,300
Assessed improvement
$10,891,800
Land market value
$1,594,000
Improvement market value
$24,204,000
Total market value
$25,798,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
48,459 SF
Lot
0.68 ac (29,749 SF)
Zoning code
C4-2
APN
04452-0555
UPID
US63-5150708
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Brooklyn, NY
Zoning C4-2 · permitted uses
C4-2 · 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
RETAIL STORES Current
Est. value
$37.3M
AUTO REPAIR, GARAGE
Est. value
$38.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Sheshree, INC.
Entity
Free & Clear · 2 yrs held
Mailing address
140 HEPBURN RD APT 14D, CLIFTON, NJ 07012-2228
Ownership since
2024
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
May 9, 2024
—
Sheshree, INC.
Gcp2, LLC
Deed
—
Sep 5, 2014
—
Gateway Center Props Phase II
Gateway Center Props Phase II
Quit Claim Deed
related
$300,000,000 · German Am Cap
—
—
Pier I
—
Loan Modification
related
—
—
—
Gateway Ctr Props Phase II LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Jc Penny Properties INC
—
Loan Modification
related
—
—
—
Five Below INC
—
Loan Modification
related
—
—
—
Gateway Ctr Props Phase II Own
—
Loan Modification
related
—
—
—
Tsa Stores INC
—
Loan Modification
related
—
—
—
Dsw Shoe Warehouse INC
—
Loan Modification
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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