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Property profile & analytics
OFF-MARKET
Estimated value
$34,655,000
Office buildings
540 Atlantic Ave Brooklyn, NY 11217-2619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5803618
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1924
Total area
76,928 SF
Lot
0.65 ac (28,357 SF)
Zoning code
R7A
APN
00186-0012
UPID
US63-5803618
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
-
Tinybop Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Razia Khan Ferdous Pediatrician Physician
-
Envirokare Composite Corp. Consultant
-
SHI ,Sands House Inc. Construction Company General Contractor
-
Xemex Group Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.50M
Comparable Approach
Comparable
$27.86M
Blend (final)
Blend
$34.66M
Owner & transaction history
540 Atlantic Realty LLC · 2 yrs held
540 Atlantic Realty LLC
since 2023
Last sale
$38.0M
7 recorded transactions
Zoning & alternative use
R7A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$43.7M
+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
$37,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,120,000
6.5%
$31,495,000
7%
$29,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,345,000
Current use
INDUSTRIAL (GENERAL)
$43,665,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$40,625,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$38,555,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$34.66M
Range $31.19M – $38.12M · ±10% · vs last sale $38.00M (Dec 5 2023)
Last sale anchor
$38.00M
Dec 5 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
$450 / 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
$380,416
Tax year 2024
Assessed value
$4,312,350
Assessed 2024
Previous assessed
$3,505,950
+23.0% YoY
Effective rate
8.82%
On assessed value
Assessed land
$990,000
Assessed improvement
$3,322,350
Land market value
$2,200,000
Improvement market value
$7,383,000
Total market value
$9,583,000
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
1924
Heating
NONE
Buildings
1
Stories
5
Units
8
Total area
76,928 SF
Lot
0.65 ac (28,357 SF)
Zoning code
R7A
APN
00186-0012
UPID
US63-5803618
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Brooklyn, NY
Zoning R7A · permitted uses
R7A · 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
$42.3M
INDUSTRIAL (GENERAL)
Est. value
$43.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$40.6M
WAREHOUSE, STORAGE
Est. value
$38.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1924
Heating
NONE
Stories
5
Buildings
1
Units
8
Lot
0.65 ac
Current owner
From public records · entity-resolved
540 Atlantic Realty LLC
Entity
Mailing address
199 LEE AVE #1088, BROOKLYN, NY 11211-8919
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
540 Atlantic Realty LLC
—
Deed
related
$8,550,000 · Goldman Sachs Bank USA
Dec 6, 2023
—
540 Atlantic Realty LLC
—
Deed
related
$9,175,500 · Valley National Bank
Dec 5, 2023
$38,000,000
540 Atlantic Realty LLC
Daily Mirror Associates LLC
Deed
$25,534,500 · Valley National Bank
Oct 16, 2017
—
Daily Mirror Associates LLC
—
Grant Deed
related
$7,560,224 · G4 18174 LLC
Jun 21, 2013
—
Daily Mirror Associates LLC
—
Loan Modification
related
$15,000,000 · Basis R/e Cap II LLC
May 8, 2008
—
Daily Mirror Associates LLC
Daily Mirror Associates
Quit Claim Deed
related
$6,500,000 · Union Center National Bank
—
—
Daily Mirror Associates LLC
—
Deed Of Trust
related
$9,700,000 · Hrc Fund V Reit LLC
—
—
Daily Mirror Associates LLC
—
Deed Of Trust
related
$4,384,725 · Hrc Fund V Reit 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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