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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Retail space
85-87 Smt Stret-b, Brooklyn, NY 11231
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0823207
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Zoning code
C6-1
APN
00176-1005
UPID
US63-0823207
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
75 Smith Garage LLC · 2 yrs held
75 Smith Garage LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
C6-1 · 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Jan 9 2024)
Last sale anchor
$5.00M
Jan 9 2024
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
—
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
$17,511
Tax year 2024
Assessed value
$173,522
Assessed 2024
Previous assessed
$171,328
+1.3% YoY
Effective rate
10.09%
On assessed value
Assessed land
$7,462
Assessed improvement
$166,060
Land market value
$16,583
Improvement market value
$369,022
Total market value
$385,605
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
13
Units
1
Zoning code
C6-1
APN
00176-1005
UPID
US63-0823207
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-1 · Brooklyn, NY
Zoning C6-1 · permitted uses
C6-1 · 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
Heating
NONE
Stories
13
Buildings
1
Units
1
Current owner
From public records · entity-resolved
75 Smith Garage LLC
Entity
Mailing address
40 FULTON ST, NEW YORK, NY 10038-1850
Ownership since
2024
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
Jan 9, 2024
$5,000,000
75 Smith Garage LLC
First St. Marks, LLC
Deed
$314,981 · Benmark Vnb Lender LLC
Dec 18, 2019
—
First St Marks LLC
—
Loan Modification
related
$2,750,000 · Metropolitan Com'l Bk
Sep 24, 2012
$3,850,000
First St Marks LLC
Atlantic Retail Holdings LLC
Grant Deed
related
—
Oct 14, 2011
$5,800,000
Atlantic Retail Holdings LLC
Pmfi Atlantic Court LLC
Grant Deed
related
$5,000,000 · Hrc Fund V Reit LLC
Dec 17, 2009
—
Pmfi Atlantic Court LLC
—
Deed Of Trust
related
$3,500,000 · Pmfi Atlantic Court Member LLC
Dec 15, 2008
—
Pmfi Atlantic Court LLC
Atlantic Court LLC
Quit Claim Deed
related
—
—
—
First St Marks LLC
—
Deed Of Trust
related
$511,636 · Metropolitan Com'l Bk
—
—
First St Marks LLC
—
Deed Of Trust
related
$2,600,000 · Metropolitan National Bank
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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