Technical
Financial
Distress signals
Property profile

569-571 Franklin Ave Brooklyn, NY 11238

OFF-MARKET
Retail space
Property ID
US63-3111321
890 SF 0.08 ac lot Built 1910
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Total area 890 SF
Lot 0.08 ac (3,672 SF)
Zoning code M1-1
APN 01199-0008
UPID US63-3111321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

569-571 Franklin Ave Brooklyn, NY 11238
Brooklyn metro Census 22100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
$655k
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k

Owner & transaction history

since 2011
1 recorded transaction
2011
$625,000

Zoning & alternative use

M1-1 · Brooklyn, NY
Top alternative use upside
Auto repair, garage $705,000 +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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