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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Banks
77 Sands St 137 Brooklyn, NY 11201-1431
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-2212565
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1962
Total area
223,712 SF
Lot
0.34 ac (14,800 SF)
Zoning code
M1-6
APN
00077-0001
UPID
US63-2212565
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
-
Ajax Union Advertising Agency Marketing & Advertising
-
Sure Oak Marketing & Advertising
-
Hand Law, PC Law Firm
-
Lewis & Lin LLC Internet Law Counsel Law Firm
-
Commercial Lease Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Capital Impact Ptrs · 7 yrs held
Capital Impact Ptrs
since 2018
7 recorded transactions
Zoning & alternative use
M1-6 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,075,000
Current use
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
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
$6 / 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
$2,177,806
Tax year 2024
Assessed value
$23,934,150
Assessed 2024
Previous assessed
$24,804,000
-3.5% YoY
Effective rate
9.10%
On assessed value
Assessed land
$399,600
Assessed improvement
$23,534,550
Land market value
$888,000
Improvement market value
$52,299,000
Total market value
$53,187,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
12
Units
16
Total area
223,712 SF
Lot
0.34 ac (14,800 SF)
Zoning code
M1-6
APN
00077-0001
UPID
US63-2212565
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · Brooklyn, NY
Zoning M1-6 · permitted uses
M1-6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.1M
FINANCIAL BUILDING Current
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
1962
Heating
NONE
Stories
12
Buildings
1
Units
16
Lot
0.34 ac
Current owner
From public records · entity-resolved
Capital Impact Ptrs
Entity
Free & Clear · 7 yrs held
Mailing address
77 SANDS ST, BROOKLYN, NY 11201-1431
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2018
$4,600,000
Capital Impact Ptrs
Friends Of Brooklyn Laboratory
Grant Deed
related
—
Sep 6, 2018
—
Friends Of Brooklyn Laboratory
—
Deed
related
$4,600,000 · Capital Impact Partners Capital Impact Partners
Apr 13, 2017
$121,313,223
Rfr 77 Sands Owner LLC
Imrf Watchtower Member LLC
Grant Deed
—
Apr 13, 2017
—
Imrf Watchtower Member LLC
77 Sands Owner LLC
Grant Deed
$325,000,000 · Citibank
Dec 18, 2014
—
117 Adams Owner LLC|77 Sands Owner LLC Etal
—
Loan Modification
related
$144,340,000 · Natixis R/e Cap
Oct 16, 2013
$54,000,000
77 Sands Owner LLC|77 Sands Owner LLC Etal
Watchtower Bible & Tract Socie
Grant Deed
$174,500,000 · Natixis R/e Cap
—
—
Friends Of Brooklyn Laboratory
—
Deed Of Trust
related
$4,800,000 · Nonprofit Fin Fund
—
—
Friends Of Brooklyn Laboratory
—
Deed Of Trust
related
$4,600,000 · Capital Impact Partners Capital Impact Partners
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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