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Property profile & analytics
OFF-MARKET
Estimated value
$8,650,000
Office buildings
53 Pearl St Brooklyn, NY 11201-1268
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5819074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1950
Total area
17,537 SF
Lot
0.1 ac (4,277 SF)
Zoning code
M14R8A
APN
00030-0004
UPID
US63-5819074
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.43M
CAP Approach
CAP
$7.18M
Comparable Approach
Comparable
$8.77M
Blend (final)
Blend
$8.65M
Owner & transaction history
3d Pearl LLC · 5 yrs held
3d Pearl LLC
since 2021
Last sale
$8.5M
5 recorded transactions
Zoning & alternative use
M14R8A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.9M
+44.3%
Apartment house (5+ units)
$11.4M
+17.6%
Industrial (general)
$10.0M
+3.1%
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
$9,450,000
ML approach
$9,430,000
CAP Approach
CAP Return
Estimation
6%
$7,780,000
6.5%
$7,180,000
7%
$6,665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,655,000
Current use
AUTO REPAIR, GARAGE
$13,935,000
Change: +44% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,350,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,955,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,790,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.65M
Range $7.79M – $9.52M · ±10% · vs last sale $8.53M (Jun 22 2021)
Last sale anchor
$8.53M
Jun 22 2021
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
$493 / 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
$127,529
Tax year 2024
Assessed value
$1,597,950
Assessed 2024
Previous assessed
$1,310,850
+21.9% YoY
Effective rate
7.98%
On assessed value
Assessed land
$192,600
Assessed improvement
$1,405,350
Land market value
$428,000
Improvement market value
$3,123,000
Total market value
$3,551,000
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
1950
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
17,537 SF
Lot
0.1 ac (4,277 SF)
Zoning code
M14R8A
APN
00030-0004
UPID
US63-5819074
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R8A · Brooklyn, NY
Zoning M14R8A · permitted uses
M14R8A · 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
OFFICE BUILDING Current
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE
Est. value
$8.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
3d Pearl LLC
Entity
Mailing address
100 PARK AVE FL #16, NEW YORK, NY 10017-5538
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
$8,533,000
3d Pearl LLC
177 Water Limited Partnership
Deed
$5,818,226 · Connectone Bank
Mar 17, 2021
—
177 Water Limited Partnership
Melanie Masotto
Correction Deed
related
—
May 9, 2016
—
177 Water LP
—
Deed
related
$1,000,000 · Customers Bk
—
—
177 Water LP
—
Deed Of Trust
related
$350,000 · Quontic Bank
—
—
177 Water LP
—
Loan Modification, Consolidation And Extension
related
$1,000,000 · Customers Bk
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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