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Property profile & analytics
OFF-MARKET
Estimated value
$13,500,000
Warehouses
73 20th St Brooklyn, NY 11232-1109
Entity Owned
2-yr Hold
Property ID
US63-3039336
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
36,779 SF
Lot
0.61 ac (26,698 SF)
Zoning code
M3-1
APN
00635-0011
UPID
US63-3039336
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.50M
CAP Approach
CAP
$12.23M
Comparable Approach
Comparable
$16.62M
Blend (final)
Blend
$13.50M
Owner & transaction history
Gg Master Realty LLC · 2 yrs held
Gg Master Realty LLC
since 2024
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
M3-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$20.9M
+18.6%
Office building
$20.2M
+15.0%
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
Method
Estimation
Statistic approach
$13,500,000
ML approach
$13,500,000
CAP Approach
CAP Return
Estimation
6%
$13,240,000
6.5%
$12,225,000
7%
$11,350,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,600,000
Current use
INDUSTRIAL (GENERAL)
$20,875,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$20,245,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,475,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$13.50M
Range $12.15M – $14.85M · ±10% · vs last sale $13.50M (Apr 25 2024)
Last sale anchor
$13.50M
Apr 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$367 / 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
$136,077
Tax year 2024
Assessed value
$1,876,950
Assessed 2024
Previous assessed
$624,600
+200.5% YoY
Effective rate
7.25%
On assessed value
Assessed land
$624,600
Assessed improvement
$1,252,350
Land market value
$1,388,000
Improvement market value
$2,783,000
Total market value
$4,171,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
36,779 SF
Lot
0.61 ac (26,698 SF)
Zoning code
M3-1
APN
00635-0011
UPID
US63-3039336
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NYZoning M3-1 · permitted uses
M3-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.6M
INDUSTRIAL (GENERAL)
Est. value
$20.9M
OFFICE BUILDING
Est. value
$20.2M
COMMERCIAL (GENERAL)
Est. value
$14.5M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Gg Master Realty LLC
Entity
Mailing address
73 20TH ST, BROOKLYN, NY 11232-1109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$13,500,000
Gg Master Realty LLC
Sip Holdings Venture, LLC
Deed
$2,893,589 · Bank Of America, N.a.
Dec 14, 2021
—
Sip Holdings Venture, LLC
—
Deed
related
$121,321,732 · Jpmorgan Chase Bank, National Assocation
Jan 25, 2019
—
Sip Holdings Venture LLC
—
Loan Modification
related
$100,000,000 · Acrefi Holdings J-i LLC
Sep 2, 2015
$24,150,000
Sl Sunset Industrial II LLC
4 Square Realty
Trustees Deed
$7,619,340 · Bank Of The Ozarks
—
—
Sl Sunset Industrial II LLC
—
Loan Modification, Consolidation And Extension
$9,855,000 · Bank Of The Ozarks
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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