Entity Owned Property summary
AI-generated overview
This exceptional 4,500 square foot office space, located on the second floor of a seven-story building at 65 Maspeth Ave, Brooklyn, NY 11211, offers a versatile and fully built-out environment. Situated in the vibrant Williamsburg submarket of Kings County, this property boasts a prime location with convenient access to Kingsland Ave. Built in 2004 and renovated in 2018, the space features private offices, restrooms, a comfortable lounge, reception area, waiting area, and conference rooms. The building is elevator accessible and ADA compliant, ensuring ease of access for all. A central HVAC system maintains a comfortable climate year-round. The property includes one dedicated parking space directly in front of the building. The entire building encompasses 28,430 square feet, situated on 0.1 acres of land. The building is zoned R6. Property taxes are $0.38 per square foot. This space is ideal for a variety of uses, including coworking, medical offices, traditional offices, executive suites, and creative office spaces. The property features one building with seven stories and is conveniently located near public transportation. The APN is 02893-0042.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2004
Total area
28,430 SF
Lot
0.11 ac (4,725 SF)
Zoning code
R6A
APN
02893-0042
UPID
US63-6007464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Social Service Agency Charitable Organization
-
Dental Office
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
$15.88M
Comparable Approach
Comparable
$17.02M
Blend (final)
Blend
$13.49M
Owner & transaction history
since 2025
Last sale
$15.4M
7 recorded transactions
Zoning & alternative use
R6A · Brooklyn, NY
Top alternative use upside
Auto repair, garage
$22.6M
+18.1%
Retail stores
$21.9M
+14.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$13.49M
Value range
$12.14M – $14.84M
±10% around blend
Estimated value / SF
$474 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$12.14M
blend $13.49M
$14.84M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,430 SF
Lot area
0.11 ac
Year built
2004
Stories
7
APN
02893-0042
Zoning
R6A
Assessed value
$2,176,200
Annual tax
$11,246
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.88M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$17.20M
@ 6.5% CAP return
$15.88M
@ 7% CAP return
$14.75M
4
Sales comparison
Partial preview
Sales approach indication
$4.50M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.6 mi away · 31,000 SF
3.1 mi away · 29,171 SF
3.3 mi away · 20,899 SF
3.4 mi away · 19,920 SF
3.8 mi away · 28,750 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.49M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 157 sales
$673
-29%
Submarket 3044 sales
$491
-3%
County 3044 sales
$491
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $474/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+18%
vs current-use indication
Retail Stores
Commercial (general) · current use
Industrial (general)
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
7.70%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.70%
9.0%
NOI (est.)
$1.08M *
Last sale · Feb 2022
$15.43M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.02M
Move the market yield to see immediate price impact.
Value / SF
$493
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.20%7.70%8.20%
$972k
$13.50M
$12.62M
$11.85M
$1.08M
$15.00M
$14.02M
$13.17M
$1.19M
$16.50M
$15.43M
$14.48M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$5.50M
1.4 mi · Dec 2025 · $182/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,246
Tax year 2024
Assessed value
$2,176,200
Assessed 2024
Previous assessed
$1,916,550
+13.5% YoY
Effective rate
0.52%
On assessed value
Assessed land
$129,600
Assessed improvement
$2,046,600
Land market value
$288,000
Improvement market value
$4,548,000
Total market value
$4,836,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
1
Stories
7
Units
23
Total area
28,430 SF
Lot
0.11 ac (4,725 SF)
Zoning code
R6A
APN
02893-0042
UPID
US63-6007464
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NYZoning R6A · permitted uses
R6A · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
7
Buildings
1
Units
23
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6A
Jurisdiction
Brooklyn, NY
Recorded code
R6A
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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