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Property profile & analytics
FOR LEASE
Warehouses
640 Parkside Ave Brooklyn, NY 11226
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-3648098
For Lease
1 / 2
Contact for pricing
640 Parkside Ave, Brooklyn, NY 11226
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
9,000 SF
Lot
0.21 ac (9,178 SF)
Zoning code
M1-1
APN
05057-0021
UPID
US63-3648098
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
-
Crown Cold Storage Storage Facility
-
My Time Inc Social Service Agency Community Center
-
Dynamic Gold (Bike/Boat/Book/etc) Store
-
Beyond Beauty Dermatology & Medspa Medical Clinic Skin Care Clinic
-
Mirimus Corporate Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
632 Parkside LLC · 9 yrs held
632 Parkside LLC
since 2017
6 recorded transactions
Zoning & alternative use
M1-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,605,000
6.5%
$2,400,000
7%
$2,230,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$58 / 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
$43,470
Tax year 2024
Assessed value
$457,200
Assessed 2024
Previous assessed
$448,200
+2.0% YoY
Effective rate
9.51%
On assessed value
Assessed land
$227,250
Assessed improvement
$229,950
Land market value
$505,000
Improvement market value
$511,000
Total market value
$1,016,000
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
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
9,000 SF
Lot
0.21 ac (9,178 SF)
Zoning code
M1-1
APN
05057-0021
UPID
US63-3648098
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
632 Parkside LLC
Entity
Mailing address
128 LEE AVE, BROOKLYN, NY 11211-8417
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
—
632 Parkside LLC
—
Deed
related
$1,850,000 · Td Bank, NA
Jul 13, 2017
—
632 Parkside LLC
632-644 Parkside LLC
Deed
$2,400,000 · Td Bank, N.a.
Sep 16, 2013
$2,700,000
632-644 Parkside LLC
Nypa Realty LLC
Deed
$3,000,000 · Td Bank, NA
Mar 15, 2004
$1,700,000
Nypa Realty LLC
Parkside Warehousing LLC
Grant Deed
—
—
—
Dovin Trust
—
Deed Of Trust
related
$1,850,000 · Nypa Realty LLC
—
—
Nypa Realty LLC
—
Deed Of Trust
related
$447,675 · Greenpoint Mortgage Funding
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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