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Property profile & analytics
OFF-MARKET
Estimated value
$25,040,000
Office buildings
57 Willoughby St 63 Brooklyn, NY 11201-5257
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2208782
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1929
Total area
104,526 SF
Lot
0.38 ac (16,525 SF)
Zoning code
C64.5
APN
00147-0036
UPID
US63-2208782
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
-
Dr. Roslynn Glicksman Physician
-
Carlino Certified Electricians Electrical Service General Contractor
-
Quality Greens Kitchen Restaurant
-
Danielle Benoit-Coutard, LMSW Foster Care Service Social Service Agency
-
Dr. Letitia Acosta, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.04M
Owner & transaction history
57 Will Owner LLC · 1 yrs held
57 Will Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
C64.5 · 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
$240 / 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
$1,039,790
Tax year 2024
Assessed value
$9,816,750
Assessed 2024
Previous assessed
$11,221,650
-12.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,006,100
Assessed improvement
$7,810,650
Land market value
$4,458,000
Improvement market value
$17,357,000
Total market value
$21,815,000
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
1929
Heating
NONE
Buildings
1
Stories
6
Units
12
Total area
104,526 SF
Lot
0.38 ac (16,525 SF)
Zoning code
C64.5
APN
00147-0036
UPID
US63-2208782
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64.5 · Brooklyn, NY
Zoning C64.5 · permitted uses
C64.5 · 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
1929
Heating
NONE
Stories
6
Buildings
1
Units
12
Lot
0.38 ac
Current owner
From public records · entity-resolved
57 Will Owner LLC
Entity
Mailing address
57 WILLOUGHBY ST FL, BROOKLYN, NY 11201-5257
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$48,000,000
57 Will Owner LLC
57 Will Property LLC
Deed
—
Oct 12, 2021
—
57 Will Property LLC
—
Deed
related
$2,473,552 · Fortress Credit Co LLC
Oct 1, 2021
—
57 Will Property LLC
—
Deed
related
$19,236,867 · Fortress Credit Co LLC
May 8, 2019
—
57 Will Property LLC
—
Grant Deed
related
$33,680,000 · Sm Fin Warehouse III LLC
Jan 5, 2017
$54,000,000
57 Will Property LLC
Helen Keller Services
Grant Deed
$33,680,000 · Sm Finance LLC
—
—
57 Will Property LLC
—
Loan Modification
related
$1,200,000 · Sm Fin Warehouse III LLC
—
—
57 Will Property LLC
—
Loan Modification
related
$5,280,000 · Sm Fin Warehouse III 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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