New search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Car washes
646-648 Lorimer St, Brooklyn, NY 11211
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5982746
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1930
Total area
4,167 SF
Lot
0.11 ac (4,885 SF)
Zoning code
M12R6
APN
02742-0002
UPID
US63-5982746
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$750k
Owner & transaction history
646 Lorimer Brooklyn LLC · 6 yrs held
646 Lorimer Brooklyn LLC
since 2020
7 recorded transactions
Zoning & alternative use
M12R6 · 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$180 / 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
$30,009
Tax year 2024
Assessed value
$330,750
Assessed 2024
Previous assessed
$281,700
+17.4% YoY
Effective rate
9.07%
On assessed value
Assessed land
$99,000
Assessed improvement
$231,750
Land market value
$220,000
Improvement market value
$515,000
Total market value
$735,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
4,167 SF
Lot
0.11 ac (4,885 SF)
Zoning code
M12R6
APN
02742-0002
UPID
US63-5982746
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R6 · Brooklyn, NY
Zoning M12R6 · permitted uses
M12R6 · 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
1930
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
646 Lorimer Brooklyn LLC
Entity
Mailing address
21 S END AVE APT #210, NEW YORK, NY 10280-1054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2020
—
646 Lorimer Brooklyn LLC
Crotona 1967 Corp
Correction Deed
related
—
Apr 2, 2020
—
646 Lorimer Brooklyn LLC
Crotona 1967 Corp
Grant Deed
—
Apr 6, 2017
—
280 Meeker LLC
—
Grant Deed
related
$1,500,000 · Meeker Lorimer 1 LLC
Jul 24, 2006
$1,700,000
Crotona 1967 Corp
Ace Estates Corp
Grant Deed
—
—
—
280 Meeker LLC|646 Lorimer LLC
—
Loan Modification
related
$3,500,000 · Intervest Nat'l Bk
—
—
644 Lorimer LLC
—
Deed Of Trust
related
$5,795,820 · G4 18151 LLC
—
—
644 Lorimer LLC
—
Loan Modification, Consolidation And Extension
related
$9,250,000 · G4 18151 LLC
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · F&s Burnside INC
—
—
Ace Estates Corp
—
Deed Of Trust
related
$100,000 · 1986 F&s Of New York Ltd
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · 1986 F&s Of New York Ltd
—
—
Ace Estates Corp
—
Deed Of Trust
related
$275,000 · Frank JR Russo
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · F&s Burnside INC
—
—
Ace Estates Corp
—
Deed Of Trust
related
$150,000 · 1986 F & S Of New York Ltd
—
—
Ace Estates Corp
—
Deed Of Trust
related
$750,000 · Frank JR Russo
—
—
Ace Estates Corp
—
Deed Of Trust
related
$100,000 · 1986 F&s Of New York Ltd
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?”
You own 646-648 Lorimer St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
