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Property profile & analytics
OFF-MARKET
Estimated value
$9,135,000
Retail residential properties
781 Eastern Pkwy, Brooklyn, NY 11213-3453
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-2872698
Property summary
AI-generated overview
This exceptional 4-story, 29,388 square foot mixed-use building presents a compelling redevelopment opportunity in the vibrant Crown Heights neighborhood of Brooklyn, New York. Located at 781 Eastern Parkway, this property boasts a prime corner location at Kingston Avenue, steps from the Kingston Avenue subway line, and directly across from the Chabad World Headquarters and the Jewish Children's Museum. The building currently features 14 residential units, with 3 designated as destabilized and free market, and one vacant rent-stabilized unit. Two commercial spaces are also included
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1905
Total area
29,388 SF
Lot
0.22 ac (9,796 SF)
Zoning code
R6
APN
01264-0040
UPID
US63-2872698
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
-
Bank of America Financial Center Bank Loan Service
-
Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.14M
Owner & transaction history
781 Ep Holdings LLC · 9 yrs held
781 Ep Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$14.7M
+27.5%
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
COMMERCIAL (GENERAL)
$11,550,000
Current use
WAREHOUSE, STORAGE
$14,730,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$9.14M
Range $8.22M – $10.05M · ±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
$311 / 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
$187,361
Tax year 2024
Assessed value
$1,793,250
Assessed 2024
Previous assessed
$1,653,750
+8.4% YoY
Effective rate
10.45%
On assessed value
Assessed land
$132,300
Assessed improvement
$1,660,950
Land market value
$294,000
Improvement market value
$3,691,000
Total market value
$3,985,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1905
Heating
NONE
Buildings
3
Stories
4
Units
15
Total area
29,388 SF
Lot
0.22 ac (9,796 SF)
Zoning code
R6
APN
01264-0040
UPID
US63-2872698
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$11.6M
WAREHOUSE, STORAGE
Est. value
$14.7M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1905
Heating
NONE
Stories
4
Buildings
3
Units
15
Lot
0.22 ac
Current owner
From public records · entity-resolved
781 Ep Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1234 SAINT JOHNS PL UNIT #130426, BROOKLYN, NY 11213-3090
Ownership since
2016
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
Jun 1, 2021
—
781 Ep Holdings, LLC
—
Deed
related
$1,061,117 · The First National Bank Of Long Island
Oct 5, 2016
—
781 Ep Holdings LLC
781 Eastern Parkway Associates
Quit Claim Deed
—
Jun 6, 2016
—
781 Eastern Parkway Associates
—
Deed
related
$2,050,825 · Capital One NA
—
—
781 Eastern Parkway Assoc
—
Deed Of Trust
related
$805,647 · Doral Money INC
—
—
781 Eastern Parkway Associates
—
Deed Of Trust
related
$1,156,714 · Capital One
—
—
781 Eastern Parkway Associates
—
Loan Modification, Consolidation And Extension
related
$5,200,000 · Capital One NA
—
—
781 Eastern Parkway Associates
—
Deed Of Trust
related
$1,094,729 · Capital One
—
—
781 Eastern Parkway Assocs
—
Deed Of Trust
related
$3,400,000 · Capital One
—
—
781 Eastern Parkway Assoc LP
—
Deed Of Trust
related
$422,547 · New York Community Bank
—
—
781 Eastern Parkway Assocs
—
Deed Of Trust
related
$2,400,000 · Capital One
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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