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Property profile & analytics
OFF-MARKET
Estimated value
$6,480,000
Apartment buildings
8020 Bay Pkwy, Brooklyn, NY 11214-1956
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-5558274
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Total area
48,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
R6
APN
06288-0037
UPID
US63-5558274
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
-
A Z Discount Express Inc Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.61M
Blend (final)
Blend
$6.48M
Owner & transaction history
Bay Parkway Assocs Hldgs LLC · 6 yrs held
Bay Parkway Assocs Hldgs LLC
since 2019
7 recorded transactions
Zoning & alternative use
R6 · 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
Blend value · Realmo final
$6.48M
Range $5.83M – $7.13M · ±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
$135 / 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
$211,658
Tax year 2024
Assessed value
$1,703,250
Assessed 2024
Previous assessed
$1,794,600
-5.1% YoY
Effective rate
12.43%
On assessed value
Assessed land
$173,250
Assessed improvement
$1,530,000
Land market value
$385,000
Improvement market value
$3,400,000
Total market value
$3,785,000
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
1922
Heating
NONE
Buildings
1
Stories
4
Units
54
Total area
48,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
R6
APN
06288-0037
UPID
US63-5558274
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.
Building & site characteristics
From public records
Year built
1922
Heating
NONE
Stories
4
Buildings
1
Units
54
Lot
0.46 ac
Current owner
From public records · entity-resolved
Bay Parkway Assocs Hldgs LLC
Entity
Mailing address
PO BOX 55, LAWRENCE, NY 11559-0055
Ownership since
2019
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
Dec 10, 2019
—
Bay Parkway Associates Holdings LLC
—
Deed
related
$3,344,792 · Santander Bank, N A
Jul 8, 2019
$12,687,000
Bay Parkway Assocs Hldgs LLC
Grg 1806 LLC
Grant Deed
—
Mar 19, 2018
$4,138,502
Mosholu Parkway Holdings LLC
Bay Parkway Holdings LLC
Grant Deed
—
Jan 23, 2018
—
Bay Parkway Assocs Holdings Ll
Bay Parkway Holdings LLC
Quit Claim Deed
—
Oct 19, 2011
—
Bay Parkway Holdings LLC
—
Deed Of Trust
related
$4,097,135 · Dime Savings Bank Williamsburg
Jun 19, 2007
$5,200,000
Bay Parkway Holdings LLC
8020 Corp
Deed
$1,200,886 · The Dime Savings Bank Williamsburgh
—
—
Bay Parkway Assocs Hldgs LLC
—
Loan Modification
related
$7,480,000 · Santander Bk NA
—
—
Dime Svgs Bk Of Williamsburgh
—
Deed Of Trust
related
$4,160,000 · Bay Parkway Hldgs LLC
—
—
Bay Parkway Holdings LLC
—
Loan Modification
related
$4,800,000 · Dime Savings Bank Williamsburg
—
—
8020 Corp
—
Deed Of Trust
related
$238,544 · Dime Savings Bank Williamsburg
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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