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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Retail residential properties
553 Meeker Ave 8 Brooklyn, NY 11222-5099
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1531618
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1928
Total area
4,600 SF
Lot
0.07 ac (3,256 SF)
Zoning code
R6
APN
02728-0027
UPID
US63-1531618
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
-
Smolar Design Consulting Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
553 Meeker Ave LLC · 4 yrs held
553 Meeker Ave LLC
since 2021
6 recorded transactions
Zoning & alternative use
R6 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,785,000
6.5%
$2,570,000
7%
$2,385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,080,000
Current use
WAREHOUSE, STORAGE
$2,545,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$2,530,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$415 / 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
$11,845
Tax year 2024
Assessed value
$760,320
Assessed 2024
Previous assessed
$633,600
+20.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$7,650
Assessed improvement
$752,670
Land market value
$17,000
Improvement market value
$1,672,600
Total market value
$1,689,600
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
2
Stories
3
Units
9
Total area
4,600 SF
Lot
0.07 ac (3,256 SF)
Zoning code
R6
APN
02728-0027
UPID
US63-1531618
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1928
Heating
NONE
Stories
3
Buildings
2
Units
9
Lot
0.07 ac
Current owner
From public records · entity-resolved
553 Meeker Ave LLC
Entity
Mailing address
7 SKYLINE DR STE #350, HAWTHORNE, NY 10532-2162
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
—
553 Meeker Ave LLC
553 Meeker LLC
Deed
$1,640,000 · Haven Savings Bank
Mar 1, 2017
—
Bsp Smk 3 LLC
—
Loan Modification, Consolidation And Extension
related
$16,200,000 · Private Individual
Dec 12, 2013
—
553 Meeker LLC
Smolarczyk,sylvester
Grant Deed
$4,417,886 · Sdf61 Meeker 1 LLC
—
—
3 Sutton LLC
—
Loan Modification
related
$13,200,000 · Sdf61 Meeker 1 LLC
—
—
Sylvester Smolarczyk
—
Deed Of Trust
related
$1,500,000 · 1071 Mortgage Holding LLC
—
—
Sylvester Smolarczyk
—
Deed Of Trust
related
$1,000,000 · Dime Savings Bank Williamsburg
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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