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Property profile & analytics
OFF-MARKET
Estimated value
$17,785,000
Retail residential properties
66 Water St, Brooklyn, NY 11201-1135
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0849364
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
59,273 SF
Lot
0.24 ac (10,404 SF)
Zoning code
M12R8A
APN
00036-0016
UPID
US63-0849364
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
-
CHOCOLATE BLISS Food Processing Plant
-
Seamore’s Restaurant
-
The Hull Sports Bar Bar & Pub
-
Jacques Torres Chocolate - Dumbo Specialty Food Shop Candy Store
-
66 Water Street Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.79M
Owner & transaction history
Dumbo Lofts Rental LLC · 5 yrs held
Dumbo Lofts Rental LLC
since 2020
7 recorded transactions
Zoning & alternative use
M12R8A · 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
$300 / 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
$516,064
Tax year 2024
Assessed value
$4,127,850
Assessed 2024
Previous assessed
$5,106,150
-19.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$514,800
Assessed improvement
$3,613,050
Land market value
$1,144,000
Improvement market value
$8,029,000
Total market value
$9,173,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
26
Total area
59,273 SF
Lot
0.24 ac (10,404 SF)
Zoning code
M12R8A
APN
00036-0016
UPID
US63-0849364
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M12R8A · Brooklyn, NY
Zoning M12R8A · permitted uses
M12R8A · 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
1910
Heating
NONE
Stories
5
Buildings
1
Units
26
Lot
0.24 ac
Current owner
From public records · entity-resolved
Dumbo Lofts Rental LLC
Entity
Mailing address
45 MAIN ST STE #602, BROOKLYN, NY 11201-1099
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Dumbo Lofts Rental LLC
Dumbo Lofts Rental LLC
Correction Deed
related
$38,003,000 · Wells Fargo Bk
Dec 4, 2019
—
Dumbo Lofts Rental LLC
—
Loan Modification
related
$15,000,000 · Wells Fargo Bk
Dec 20, 2014
—
Dumbo Lofts Rental LLC
Dumbo Lofts LLC
Quit Claim Deed
—
Oct 25, 2010
—
Dumbo Lofts LLC
321 Ashland LLC
Grant Deed
—
Dec 2, 2009
$2,287,088
321 Ashland LLC
Cage Associates LLC
Grant Deed
—
Dec 2, 2009
—
Cage Associates LLC
Dumbo Lofts LLC
Grant Deed
—
—
—
321 Ashland LLC
—
Deed Of Trust
related
$11,982,190 · Qia Corp
—
—
Dumbo Lofts Rental LLC
—
Deed Of Trust
related
$32,591,810 · Wells Fargo Bk
—
—
Dumbo Lofts Rental LLC
—
Loan Modification
related
$38,003,000 · Wells Fargo Bk
—
—
45 Main Associates LLC
—
Deed Of Trust
related
$11,982,190 · Barclays Bank Plc
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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