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Financial
Distress signals
Property profile

824 56th St Brooklyn, NY 11220

OFF-MARKET
Office buildings
Property ID
US63-5534294
8,237 SF 0.05 ac lot Built 1920
Last sale Apr 2014 · $1,365,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,289 square foot commercial office condo, unit #5, is situated in a new six-unit community development in Brooklyn's Sunset Park neighborhood. Located on 56th Street, a high-traffic area near 8th Avenue, this property offers unparalleled convenience with proximity to shopping, restaurants, supermarkets, and public transportation. The unit boasts 8-10 foot ceilings and is part of a building scheduled for completion in Spring 2023. Ideal for investors, medical professionals,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$55k
Tax billed · 2024
Assessed value$521k
Assessed land$63k
Assessed improvement$458k
Effective rate10.59%

Value estimate

· Oct 2026
$410k
$369k – $451k
CAP approach$4.04M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,490/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$730 – $2,156
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency103.6
Law Firm102.1
Parking Facility49.5

Location

824 56th St Brooklyn, NY 11220-3616
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6013 9th, Brooklyn, NY 11220-4306 $4,800,000 May 2023 9,570 SF
740 64th, Brooklyn, NY 11220-4714 $73,382,999 Sep 2022 18,545 SF
730-732 64th, Brooklyn, NY 11220 $73,382,999 Sep 2022 50,760 SF
6803 5th, Brooklyn, NY 11220-6009 $2,250,000 Dec 2021 3,788 SF
729 61st, Brooklyn, NY 11220-4211 $1,450,000 Feb 2020 1,560 SF
5024 5th, Brooklyn, NY 11220-1909 $4,400,000 May 2019 7,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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