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Property profile & analytics
OFF-MARKET
Investment properties
663 Classon Ave 6, Brooklyn, NY 11238-3231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5540437
Property summary
AI-generated overview
This exceptional 1,200 square foot retail storefront in Kings County is available for immediate occupancy. Ideal for a wide range of uses, including but not limited to restaurants, salons, boutiques, and other retail businesses. The space is brand new and offers a single-tenant occupancy. The monthly rent is $5,500, and lease terms are negotiable. This location presents a fantastic opportunity for businesses seeking a high-visibility space in a vibrant Brooklyn neighborhood. The property is perfect for various concepts, from food and beverage establishments (including restaurants, cafes, bars, and fast-casual options) to service-based businesses (such as salons, spas, and fitness centers). Retail businesses of all kinds are also well-suited to this space. The property's size and layout offer flexibility for customization to meet specific business needs. Contact us today to schedule a viewing and discuss your business plans. Don't miss this chance to secure a prime retail location in a thriving area.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
6,500 SF
Lot
0.05 ac (2,200 SF)
Zoning code
R6A
APN
01142-0002
UPID
US63-5540437
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
-
A & R venue Hotel & Motel Resort
-
Best House Painters Brooklyn Painting Service General Contractor
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
Hp Mjm Housing Development Fund Com · 4 yrs held
Hp Mjm Housing Development Fund Com
since 2021
Last sale
$22.1M
7 recorded transactions
Zoning & alternative use
R6A · 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
$773
Tax year 2024
Assessed value
$1,188,900
Assessed 2024
Previous assessed
$1,103,850
+7.7% YoY
Effective rate
0.07%
On assessed value
Assessed land
$4,500
Assessed improvement
$1,184,400
Land market value
$10,000
Improvement market value
$2,632,000
Total market value
$2,642,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
6,500 SF
Lot
0.05 ac (2,200 SF)
Zoning code
R6A
APN
01142-0002
UPID
US63-5540437
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Brooklyn, NY
Zoning R6A · permitted uses
R6A · 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
1931
Heating
NONE
Stories
4
Buildings
1
Units
7
Lot
0.05 ac
Current owner
From public records · entity-resolved
Hp Mjm Housing Development Fund Com
Entity
Mailing address
253 W 35TH ST FL #3, NEW YORK, NY 10001-1913
Ownership since
2021
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
Nov 12, 2021
—
Hp Mjm Housing Development Fund Com
—
Deed
related
$3,300,000 · Sterling National Bank
Jul 27, 2021
$22,072,796
Hp Mjm Housing Development Fund Com
1020 Pacific LLC
Deed
$798,801 · Rockrose LLC
Jun 21, 2021
—
663 Classon LLC
Ohr Olam Realty LLC
Deed
—
Feb 26, 2021
—
Ohr Olam Realty LLC
663 Classon LLC
Deed
—
Dec 5, 2016
—
663 Classon LLC
—
Deed
related
$8,833,841 · Customers Bk
May 6, 2014
$16,000,000
663 Classon LLC
Classon Village LP
Grant Deed
related
$3,300,000 · Capital One NA
—
—
Village LP Classon
—
Deed Of Trust
related
$6,900,000 · Capital One NA
—
—
1063 Pacific LLC
—
Loan Modification
related
$10,200,000 · Capital One NA
—
—
663 Classon LLC
—
Loan Modification, Consolidation And Extension
related
$18,500,000 · Customers Bk
—
—
663 Classon LLC
—
Deed Of Trust
related
$8,833,841 · Customers Bk
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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