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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Theaters & concert halls
64 9th St, Brooklyn, NY 11249-1931
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0119175
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1900
Total area
19,748 SF
Lot
0.36 ac (15,508 SF)
Zoning code
M12R6A
APN
02309-0015
UPID
US63-0119175
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
-
The Bentwood New York Restaurant
-
coggan + crawford Architect
-
Dirk Anschütz Photography Photography Service (Bike/Boat/Book/etc) Store
-
The Second City New York Nightclub Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.19M
Owner & transaction history
Wythe Avenue Properties LLC · 17 yrs held
Wythe Avenue Properties LLC
since 2009
7 recorded transactions
Zoning & alternative use
M12R6A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+69.1%
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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$905,000
Current use
OFFICE BUILDING
$1,535,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$60 / 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
$233,182
Tax year 2024
Assessed value
$2,306,700
Assessed 2024
Previous assessed
$2,254,050
+2.3% YoY
Effective rate
10.11%
On assessed value
Assessed land
$174,600
Assessed improvement
$2,132,100
Land market value
$388,000
Improvement market value
$4,738,000
Total market value
$5,126,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
19,748 SF
Lot
0.36 ac (15,508 SF)
Zoning code
M12R6A
APN
02309-0015
UPID
US63-0119175
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6A · Brooklyn, NY
Zoning M12R6A · permitted uses
M12R6A · 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
THEATER (MOVIE) Current
Est. value
$905,000
OFFICE BUILDING
Est. value
$1.5M
THEATER (MOVIE) Current
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
1900
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Wythe Avenue Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
203 MESEROLE AVE, BROOKLYN, NY 11222-2432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Wythe Avenue Properties, LLC
—
Deed
related
$15,605,632 · Citizens Bank, N.a.
Jan 7, 2022
—
64-78 West 9th LLC
—
Deed
related
$371,506 · Popular Bank
May 20, 2009
$3,500,000
Wythe Avenue Properties LLC
Textile Building Realty LLC
Grant Deed
—
Jun 20, 2008
—
64 North 9 Realty LLC
—
Deed Of Trust
related
$7,300,000 · Kimmel Jay
—
—
Wythe Avenue Props LLC
—
Deed Of Trust
related
$3,000,000 · New York Community Bank
—
—
Wythe Avenue Props LLC
—
Deed Of Trust
related
$7,000,000 · New York Community Bank
—
—
Wythe Avenue Properties LLC
—
Loan Modification
related
$21,700,000 · Investors Bank & Trust
—
—
64 North 9 Realty LLC
—
Deed Of Trust
related
$800,000 · Kimmel Jay
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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