543 Meeker Ave Brooklyn, NY 11222-5002
Entity Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$365k
Range $329k – $402k (±10%)
Property ID
US63-2782710
Property summary
AI-generated overview
This exceptional Williamsburg, Brooklyn investment property at 543 Meeker Avenue presents a rare opportunity for significant returns. The 8,600 square foot building currently houses three residential units and a 1,200 square foot, four-car garage, situated on a desirable 3,050 square foot lot (25 feet by 122 feet). The property is zoned R6, offering substantial development potential. Building Residential Floor Area Ratio (FAR) is 3.0, allowing for a considerable expansion. Alternatively, the Community Facility FAR of 4.8 (allowing for 14,640 square feet) presents an exciting avenue for a larger-scale project. This prime location in the vibrant Williamsburg/Greenpoint neighborhood boasts convenient access to the L and G subway lines, ensuring strong tenant demand and easy commuting. The asking price is $3,000,000. Block 2728, Lot 33. This property is ideal for developers seeking to capitalize on the area's high demand for residential units. The wide street provides excellent visibility and accessibility. Don't miss this chance to acquire a high-potential property in one of Brooklyn's most sought-after neighborhoods.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
2,515 SF
Lot
0.07 ac (3,050 SF)
Zoning code
R6
APN
02728-0033
UPID
US63-2782710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
since 2025
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 19 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$365k
Value range
$329k – $402k
±10% around blend
Estimated value / SF
$145 / SF
Confidence
High
19 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$329k
blend $365k
$402k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,515 SF
Lot area
0.07 ac
Year built
1920
Stories
2
APN
02728-0033
Assessed value
$61,560
Annual tax
$4,998
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.81M
Weighted, 19 comps · high confidence
Evidence
19 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 3,000 SF
1.0 mi away · 2,789 SF
1.4 mi away · 2,812 SF
1.7 mi away · 3,100 SF
1.9 mi away · 2,962 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$365k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 98 sales
$670
-78%
Submarket 3044 sales
$491
-70%
County 3044 sales
$491
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $145/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 19 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.20M
Move the market yield to see immediate price impact.
Value / SF
$875
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$139k
$2.77M
$1.98M
$1.54M
$154k
$3.08M
$2.20M
$1.71M
$169k
$3.39M
$2.42M
$1.88M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
19 found
High confidence · county-verified
Closest comparable
$3.55M
0.9 mi · Dec 2025 · $1,183/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,998
Tax year 2024
Assessed value
$61,560
Assessed 2024
Previous assessed
$54,420
+13.1% YoY
Effective rate
8.12%
On assessed value
Assessed land
$9,420
Assessed improvement
$52,140
Land market value
$157,000
Improvement market value
$869,000
Total market value
$1,026,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
2,515 SF
Lot
0.07 ac (3,050 SF)
Zoning code
R6
APN
02728-0033
UPID
US63-2782710
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
Brooklyn, NY
Recorded code
R6
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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