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Property profile & analytics
OFF-MARKET
Estimated value
$8,335,000
Manufacturing properties
65 19th St Brooklyn, NY 11232-1011
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0110296
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1916
Total area
32,000 SF
Lot
0.29 ac (12,739 SF)
Zoning code
M3-1
APN
00625-0090
UPID
US63-0110296
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
-
MODALiTA - Italian Design Solutions Big Box & Wholesale Store
-
Economy Refrigeration & Ventilation Supply Hardware & Home Improvement Home Appliance Store
-
Greenwood Studios (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.34M
Owner & transaction history
18th Street 19th Street LLC · 12 yrs held
18th Street 19th Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
M3-1 · 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%
$9,490,000
6.5%
$8,760,000
7%
$8,135,000
Blend value · Realmo final
$8.34M
Range $7.50M – $9.17M · ±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
$260 / 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
$135,945
Tax year 2024
Assessed value
$1,764,450
Assessed 2024
Previous assessed
$1,549,350
+13.9% YoY
Effective rate
7.70%
On assessed value
Assessed land
$297,900
Assessed improvement
$1,466,550
Land market value
$662,000
Improvement market value
$3,259,000
Total market value
$3,921,000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1916
Heating
NONE
Buildings
1
Stories
3
Units
9
Total area
32,000 SF
Lot
0.29 ac (12,739 SF)
Zoning code
M3-1
APN
00625-0090
UPID
US63-0110296
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NY
Zoning M3-1 · permitted uses
M3-1 · 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
1916
Heating
NONE
Stories
3
Buildings
1
Units
9
Lot
0.29 ac
Current owner
From public records · entity-resolved
18th Street 19th Street LLC
Entity
Mailing address
505 CARROLL ST, BROOKLYN, NY 11215-1806
Ownership since
2013
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
Feb 23, 2021
—
Keystone Towers LLC
—
Deed
related
$1,750,000 · New York Community Bank
Dec 15, 2017
—
Keystone Towers LLC
—
Deed
related
$5,500,000 · Signature Bk
Feb 16, 2017
—
18th Street 19th Street LLC
—
Loan Modification, Consolidation And Extension
related
$19,500,000 · Jp Morgan Chase Bk
Sep 5, 2013
$19,000,000
18th Street 19th Street LLC
210/9 LLC
Grant Deed
—
May 24, 2005
$14,750,000
210 & 9 LLC
18th -19th Realty LLC
Grant Deed
—
—
—
210/9 LLC
—
Deed Of Trust
related
$14,111,734 · J P Morgan Chase Bank
—
—
18th Street 19th Street LLC
—
Loan Modification
related
$14,250,000 · Citigroup Global Markets Realt
—
—
210/9 LLC
—
Deed Of Trust
related
$12,500,000 · Boc Dev Corp
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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