New search
Property profile & analytics
FOR LEASE
Warehouses
5714 1St Ave, Brooklyn, NY 11220
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2364238
For Lease
1 / 2
$867/Mo
5714 1St Ave, Brooklyn, NY 11220
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1917
Total area
90,080 SF
Lot
1.29 ac (55,975 SF)
Zoning code
M2-1
APN
00827-0012
UPID
US63-2364238
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.49M
Owner & transaction history
Hinsdale Commercial Property LLC · 4 yrs held
Hinsdale Commercial Property LLC
since 2022
Last sale
$19.9M
7 recorded transactions
Zoning & alternative use
M2-1 · 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
$18,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.49M
Range $17.54M – $21.43M · ±10% · vs last sale $19.90M (Jun 29 2022)
Last sale anchor
$19.90M
Jun 29 2022
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
$216 / 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
$269,035
Tax year 2024
Assessed value
$3,168,000
Assessed 2024
Previous assessed
$2,922,300
+8.4% YoY
Effective rate
8.49%
On assessed value
Assessed land
$792,900
Assessed improvement
$2,375,100
Land market value
$1,762,000
Improvement market value
$5,278,000
Total market value
$7,040,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1917
Heating
NONE
Buildings
1
Stories
2
Units
13
Total area
90,080 SF
Lot
1.29 ac (55,975 SF)
Zoning code
M2-1
APN
00827-0012
UPID
US63-2364238
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Brooklyn, NY
Zoning M2-1 · permitted uses
M2-1 · 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
1917
Heating
NONE
Stories
2
Buildings
1
Units
13
Lot
1.29 ac
Current owner
From public records · entity-resolved
Hinsdale Commercial Property LLC
Entity
Mailing address
251 53RD ST, BROOKLYN, NY 11220-1716
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Hinsdale Commercial Property LLC
—
Deed
related
$4,500,000 · Valley National Bank
Jun 29, 2022
$19,900,000
Hinsdale Commercial Property LLC
Deitsch Realty Corp
Deed
$9,804,303 · Valley National Bank
Sep 5, 2018
—
Deitsch Realty Corp
—
Deed
related
$1,695,820 · Berkshire Bk
Aug 12, 2011
—
Deitsch Realty Corp
Gacc Realty LLC
Grant Deed
—
Jan 18, 2011
—
Gacc Realty LLC
Deitsch Realty Corp
Grant Deed
—
Jun 3, 2004
—
Deitsch Realty Corp
—
Deed Of Trust
related
$1,000,000 · Independence Community Bank
—
—
Deitsch Realty Corp
—
Deed Of Trust
related
$750,000 · Berkshire Bank
—
—
Deitsch Realty Corp
—
Loan Modification
related
$523,135 · Berkshire Bank
—
—
Deitsch Realty Corp
—
Loan Modification
related
$2,320,765 · Berkshire Bank
—
—
Deitsch Realty Corp
—
Loan Modification
related
$1,695,820 · Berkshire Bk
—
—
Deitsch Realty Corp
—
Deed Of Trust
related
$2,256,063 · Berkshire Bank
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
