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Property profile & analytics
FOR LEASE
Banks
55 Prospect St Brooklyn, NY 11201
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-1504680
For Lease
1 / 2
$1,350,000
55 Prospect St, Brooklyn, NY 11201
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1967
Total area
256,057 SF
Lot
0.48 ac (20,704 SF)
Zoning code
M1-6
APN
00063-0001
UPID
US63-1504680
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
-
Abhaya Yoga Dumbo Gym & Fitness Center
-
LIVWRK Construction Company General Contractor
-
Social Bicycles Freight Service Logistics Company
-
Springbone Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Kc 55 Prospect Owner LLC · 9 yrs held
Kc 55 Prospect Owner LLC
since 2017
4 recorded transactions
Zoning & alternative use
M1-6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$5 / 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
$2,148,970
Tax year 2024
Assessed value
$24,052,500
Assessed 2024
Previous assessed
$24,993,450
-3.8% YoY
Effective rate
8.93%
On assessed value
Assessed land
$544,500
Assessed improvement
$23,508,000
Land market value
$1,210,000
Improvement market value
$52,240,000
Total market value
$53,450,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1967
Heating
NONE
Buildings
1
Stories
10
Units
48
Total area
256,057 SF
Lot
0.48 ac (20,704 SF)
Zoning code
M1-6
APN
00063-0001
UPID
US63-1504680
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · Brooklyn, NY
Zoning M1-6 · permitted uses
M1-6 · 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.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
10
Buildings
1
Units
48
Lot
0.48 ac
Current owner
From public records · entity-resolved
Kc 55 Prospect Owner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
55 PROSPECT ST, BROOKLYN, NY 11201-1497
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2017
$138,106,368
Kc 55 Prospect Owner LLC
Imrf Watchtower Member LLC
Deed
—
Apr 13, 2017
—
Rfr & K 55 Prospect Owner LLC
Rfr/k Dumbo LLC
Quit Claim Deed
$325,000,000 · Citibank
Dec 18, 2014
—
117 Adams Owner LLC|77 Sands Owner LLC Etal
—
Loan Modification
related
$144,340,000 · Natixis R/e Cap
Oct 16, 2013
$64,000,000
55 Prospect Owner LLC
Watchtower Bible & Tract Socie
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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