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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office buildings
7 Franklin Ave Brooklyn, NY 11249-7805
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5742725
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Total area
6,250 SF
Lot
0.03 ac (1,270 SF)
Zoning code
R7-1
APN
02262-0001
UPID
US63-5742725
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
-
Congregation Bnei Mier Moshe Synagogue
-
Cong. Sheivet Haleivy Synagogue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Franklin Square Building LLC · 3 yrs held
Franklin Square Building LLC
since 2022
7 recorded transactions
Zoning & alternative use
R7-1 · 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
$220 / 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
$3,051
Tax year 2024
Assessed value
$302,850
Assessed 2024
Previous assessed
$283,050
+7.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$28,800
Assessed improvement
$274,050
Land market value
$64,000
Improvement market value
$609,000
Total market value
$673,000
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
2004
Heating
NONE
Buildings
1
Stories
4
Units
4
Total area
6,250 SF
Lot
0.03 ac (1,270 SF)
Zoning code
R7-1
APN
02262-0001
UPID
US63-5742725
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Brooklyn, NY
Zoning R7-1 · permitted uses
R7-1 · 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
2004
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
Franklin Square Building LLC
Entity
Mailing address
109 LYNCH ST, BROOKLYN, NY 11206-8002
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
Franklin Square Building LLC
Seven Franklin LLC
Deed
—
Sep 13, 2018
—
Seven Franklin LLC
—
Deed
related
$2,100,000 · Habib American Bk
Apr 12, 2016
$2,884,700
Seven Franklin LLC
Franklin Gardens Vv LLC
Grant Deed
$800,000 · Private Individual
Jul 29, 2014
$1,300,000
Franklin Gardens Vv LLC
7 Franklin Avenue LLC
Grant Deed
$60,000 · Jack Segal
Nov 12, 2009
—
7 Franklin Avenue LLC
Bais Loshontz LLC
Grant Deed
$220,000 · Savoy Bank
Dec 5, 2007
$1,200,000
Bais Loshontz LLC
413 Flushing Realty LLC
Grant Deed
$1,100,000 · Birchall Projects Ltd
Dec 5, 2007
—
413 Flushing Realty LLC
250 East 30th Street Realty
Grant Deed
related
—
—
—
7 Franklin Avenue LLC
—
Deed Of Trust
related
$92,908 · Savoy Bank
—
—
Bais Loshontz LLC
—
Deed Of Trust
related
$300,000 · Michael Engel
—
—
Seven Franklin LLC
—
Loan Modification, Consolidation And Extension
related
$2,100,000 · David M LLC
—
—
7 Franklin Avenue LLC
—
Deed Of Trust
related
$13,209 · Savoy Bank
—
—
Franklin Gardens Vv LLC
—
Loan Modification, Consolidation And Extension
related
$1,300,000 · Jack Segal
—
—
Seven Franklin LLC
—
Loan Modification
related
$2,100,000 · Habib American Bk
—
—
250 East 30th St Realty Corp
—
Deed Of Trust
related
$5,900,000 · New York Community Bank
—
—
7 Franklin Avenue LLC
—
Deed Of Trust
related
$1,306,397 · Savoy Bank
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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