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Property profile & analytics
OFF-MARKET
Estimated value
$9,680,000
Warehouses
807 Bank St Brooklyn, NY 11236-2241
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2478642
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Total area
86,863 SF
Lot
2.06 ac (89,821 SF)
Zoning code
M1-1
APN
03880-0012
UPID
US63-2478642
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
-
Glenmore Plastic Industries Factory Production Facility
-
Xit Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$9.68M
Owner & transaction history
807 Bank Street Property LLC · 4 yrs held
807 Bank Street Property LLC
since 2022
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
M1-1 · 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
Method
Estimation
Statistic approach
$10,655,000
ML approach
$8,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.68M
Range $8.71M – $10.65M · ±10% · vs last sale $11.25M (Jan 12 2022)
Last sale anchor
$11.25M
Jan 12 2022
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
$111 / 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
$480,310
Tax year 2024
Assessed value
$5,246,550
Assessed 2024
Previous assessed
$1,849,050
+183.7% YoY
Effective rate
9.15%
On assessed value
Assessed land
$2,161,800
Assessed improvement
$3,084,750
Land market value
$4,804,000
Improvement market value
$6,855,000
Total market value
$11,659,000
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
2023
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
86,863 SF
Lot
2.06 ac (89,821 SF)
Zoning code
M1-1
APN
03880-0012
UPID
US63-2478642
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
807 Bank Street Property LLC
Entity
Mailing address
4 BRYANT PARK #200, NEW YORK, NY 10018-8204
Ownership since
2022
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
Aug 15, 2024
—
807 Bank Street Property LLC
—
Deed
related
$1,378,824 · Starwood Property Mortgage Sub-2, L.l.c.
Jan 12, 2022
$11,250,000
807 Bank Street Property LLC
Glen Real Estate Holdings, LLC
Deed
$25,452,543 · Spt Real Estate Capital, LLC
Jan 12, 2022
—
807 Bank Street Property LLC
—
Deed
related
$6,681,375 · Spt Real Estate Capital, LLC
Dec 10, 2009
—
Glen Real Estate Holdings LLC
Harold Lebwohl, As Trustee
Deed
$1,516,667 · Investors Savings Bank
Nov 16, 2006
—
Harold Lebwohl
—
Trustees Deed
related
$765,000 · Wells Fargo Credit Corp
—
—
Glen Real Estate Hldgs INC
—
Deed Of Trust
related
$2,200,000 · Investors Savings Bank Fsb
—
—
Glen Re Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Investors Bank & Trust
—
—
Harold Lebwohl
—
Deed Of Trust
related
$300,000 · Wells Fargo Credit Corp
—
—
Glen Real Estate Hldgs INC
—
Deed Of Trust
related
$745,000 · Investors Savings Bank Fsb
—
—
Glen Real Estate Holdings LLC
—
Deed Of Trust
related
$1,516,666 · Investors Savings Bank Fsb
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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