New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Apartment buildings
701 Empire Blvd, Brooklyn, NY 11213-5392
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3058996
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
62,436 SF
Lot
0.34 ac (14,658 SF)
Zoning code
R7-1
APN
01422-0064
UPID
US63-3058996
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
-
Fagy E. Kaminker-Slavin, PA Physician
-
Avrohom Silverstein Physician
-
Cohens Cuisine Take-out & Catering Butcher
-
Sara Chana Silverstein Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
701 Empire Boulevard Associates, Ll · 4 yrs held
701 Empire Boulevard Associates, Ll
since 2021
6 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
$48 / 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
$270,482
Tax year 2024
Assessed value
$2,425,950
Assessed 2024
Previous assessed
$2,346,300
+3.4% YoY
Effective rate
11.15%
On assessed value
Assessed land
$78,750
Assessed improvement
$2,347,200
Land market value
$175,000
Improvement market value
$5,216,000
Total market value
$5,391,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
6
Units
65
Total area
62,436 SF
Lot
0.34 ac (14,658 SF)
Zoning code
R7-1
APN
01422-0064
UPID
US63-3058996
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
1930
Heating
NONE
Stories
6
Buildings
1
Units
65
Lot
0.34 ac
Current owner
From public records · entity-resolved
701 Empire Boulevard Associates, Ll
Entity
Mailing address
701 EMPIRE BLVD, BROOKLYN, NY 11213-5392
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
701 Empire Boulevard Associates, Ll
—
Deed
related
$2,090,396 · New York Community Bank
—
—
701 Empire Boulevard Assocs Ll
—
Loan Modification, Consolidation And Extension
related
$6,000,000 · New York Cmnty Bk
—
—
701 Empire Boulevard Assocs Ll
—
Deed Of Trust
related
$821,598 · New York Community Bank
—
—
701 Empire Blvd Assocs LLC
—
Deed Of Trust
related
$3,500,000 · New York Community Bank
—
—
701 Empire Boulevard Assocs Ll
—
Deed Of Trust
related
$1,090,049 · Sovereign Bank
—
—
Empire Boulevard Assocs LLC
—
Deed Of Trust
related
$2,825,000 · Sovereign 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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