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Property profile & analytics
OFF-MARKET
Office buildings
646 Parkside Ave Brooklyn, NY 11226-1506
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-5257730
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
23,373 SF
Lot
0.22 ac (9,760 SF)
Zoning code
M1-1
APN
05057-0026
UPID
US63-5257730
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
-
More Grace Redemptive Center - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
646 Parkside Avenue LLC · 1 yrs held
646 Parkside Avenue LLC
since 2025
Last sale
$16.5M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$127,038
Tax year 2024
Assessed value
$1,240,200
Assessed 2024
Previous assessed
$1,012,500
+22.5% YoY
Effective rate
10.24%
On assessed value
Assessed land
$263,700
Assessed improvement
$976,500
Land market value
$586,000
Improvement market value
$2,170,000
Total market value
$2,756,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
23,373 SF
Lot
0.22 ac (9,760 SF)
Zoning code
M1-1
APN
05057-0026
UPID
US63-5257730
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning 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
Brooklyn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
646 Parkside Avenue LLC
Entity
Mailing address
646 PARKSIDE AVE, BROOKLYN, NY 11226-1506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$16,500,000
646 Parkside Avenue LLC
646 Parkside LLC
Deed
$11,377,985 · Popular Bank
Jan 19, 2022
—
646 Parkside LLC
—
Deed
related
$432,374 · The Bank Of Princeton
May 20, 2020
—
Levon Ny Ix LLC
—
Deed
related
$1,000,000 · Levon Ny Ix LLC
Jul 22, 2019
—
1475 41 LLC
—
Deed
related
$3,500,000 · Private Individual
Nov 29, 2018
—
646 Parkside LLC
—
Deed
related
$1,700,000 · Levon Ny Ix LLC
Feb 26, 2008
—
646 Parkside LLC
—
Deed Of Trust
related
$2,300,000 · Brooklyn Fsb
Oct 29, 2004
—
646 Parkside LLC
—
Trustees Deed
related
$200,000 · Eastern Capital Group LLC
—
—
646 Parkside LLC
—
Deed Of Trust
related
$400,000 · Levon Ny Ix LLC
—
—
646 Parkside LLC
—
Loan Modification
related
$500,000 · Levon Ny Ix LLC
—
—
Levon Ny Ix LLC
—
Loan Modification
related
$1,000,000 · Levon Ny Ix LLC
—
—
646 Parkside LLC
—
Deed Of Trust
related
$1,500,000 · Ncc Properties Group LLC
—
—
646 Parkside LLC
—
Loan Modification
related
$3,500,000 · Ncc Properties Group LLC
—
—
646 Parkside LLC
—
Deed Of Trust
related
$1,800,000 · Brooklyn Fsb
—
—
646 Parkside LLC
—
Deed Of Trust
related
$800,000 · Brooklyn Fsb
—
—
646 Parkside LLC
—
Deed Of Trust
related
$3,500,000 · Private Individual
—
—
646 Parkside LLC
—
Deed Of Trust
related
$500,000 · Private Individual
—
—
646 Parkside LLC
—
Loan Modification
related
$1,000,000 · Private Individual
—
—
646 Parkside LLC
—
Deed Of Trust
related
$2,000,000 · Private Individual
—
—
646 Parkside LLC
—
Deed Of Trust
related
$1,300,000 · Private Individual
—
—
1475 41 LLC
—
Loan Modification
related
$3,500,000 · Private Individual
—
—
646 Parkside LLC
—
Loan Modification
related
$1,700,000 · Levon Ny Ix LLC
—
—
646 Parkside LLC
—
Deed Of Trust
related
$500,000 · Brooklyn Fsb
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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