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Property profile & analytics
OFF-MARKET
Estimated value
$14,590,000
Retail residential properties
601 Throop Ave 619 Brooklyn, NY 11216-2522
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5784311
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
48,320 SF
Lot
0.21 ac (9,300 SF)
Zoning code
R6B
APN
01856-0001
UPID
US63-5784311
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
-
Nostrand Industrial Systems Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.59M
Owner & transaction history
Lmdv Issuer Co LLC · 3 yrs held
Lmdv Issuer Co LLC
since 2023
7 recorded transactions
Zoning & alternative use
R6B · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$24.2M
+13.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,435,000
Current use
WAREHOUSE, STORAGE
$24,215,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,570,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$14.59M
Range $13.13M – $16.05M · ±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
$302 / 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
$434,013
Tax year 2024
Assessed value
$3,581,100
Assessed 2024
Previous assessed
$2,441,700
+46.7% YoY
Effective rate
12.12%
On assessed value
Assessed land
$55,350
Assessed improvement
$3,525,750
Land market value
$123,000
Improvement market value
$7,835,000
Total market value
$7,958,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
41
Total area
48,320 SF
Lot
0.21 ac (9,300 SF)
Zoning code
R6B
APN
01856-0001
UPID
US63-5784311
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NY
Zoning R6B · permitted uses
R6B · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$21.4M
WAREHOUSE, STORAGE
Est. value
$24.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.6M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1910
Heating
NONE
Stories
5
Buildings
1
Units
41
Lot
0.21 ac
Current owner
From public records · entity-resolved
Lmdv Issuer Co LLC
Entity
Mailing address
31 BELVIDERE ST #2, BROOKLYN, NY 11206-4501
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Throop Owner LLC
—
Deed
related
$2,620,725 · Valley National Bank
Oct 19, 2023
—
Throop Owner LLC
—
Deed
related
$2,250,000 · Red Fox Capital Mortgage Fund LP
Jan 27, 2023
—
Lmdv Issuer Co LLC
Ld Telecom Holdco LLC
Deed
—
Aug 1, 2022
$6,500,245
Ld Telecom Holdco LLC
Landmark Dividend Growth Fund - L L
Deed
—
Dec 15, 2021
—
Throop Owner LLC
—
Deed
related
$6,000,000 · Red Fox Capital Mortgage Fund LP
Nov 18, 2019
—
Throop Owner LLC
—
Deed
related
$11,000,000 · Tnw 601 Throop LLC
Jul 16, 2019
—
Throop Owner LLC
Voras Ent INC
Grant Deed
$11,000,000 · Tnw 601 Throop LLC
Dec 26, 2012
$3,363,400
Voras Ent INC
New York State Urban Dev Corp
Quit Claim Deed
$3,015,000 · Empire State Development Corp
Dec 2, 2011
$1,000,000
New York State Urban Dev Corp
Sucher,michael
Grant Deed
—
—
—
New York City Economic Dev Cor
—
Deed Of Trust
related
—
—
—
Voras Ent INC
—
Deed Of Trust
related
$6,000,000 · Other Institutional Lenders
—
—
Throop Owner LLC
—
Loan Modification
related
$11,000,000 · Tnw 601 Throop 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.
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