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Property profile & analytics
FOR SALE
Office buildings
8710 5Th Ave Brooklyn, NY 11209
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2779428
For Sale
1 / 50
$6,990,000
8710 5Th Ave, Brooklyn, NY 11209
View Listing →
Property summary
AI-generated overview
This exceptional three-story, 20,456-square-foot medical office building in Brooklyn's Bay Ridge neighborhood presents a unique investment opportunity. Built in 2001, the property boasts a desirable C8-2
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Total area
16,900 SF
Lot
0.13 ac (5,624 SF)
Zoning code
C8-2
APN
06050-0037
UPID
US63-2779428
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
-
Kaster Stanley J MD Physician
-
Take My Online Class Fast Training Center
-
Frenchies Coffee Bar Cafe & Coffee Shop
-
South Beach Psychiatric Center Medical Clinic
-
Robert A. Suher, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
Ridgecor, LLC · 3 yrs held
Ridgecor, LLC
since 2023
4 recorded transactions
Zoning & alternative use
C8-2 · 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%
$7,495,000
6.5%
$6,920,000
7%
$6,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,120,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±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
$293 / 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
$180,938
Tax year 2024
Assessed value
$1,928,700
Assessed 2024
Previous assessed
$1,913,400
+0.8% YoY
Effective rate
9.38%
On assessed value
Assessed land
$215,100
Assessed improvement
$1,713,600
Land market value
$478,000
Improvement market value
$3,808,000
Total market value
$4,286,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
2001
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
16,900 SF
Lot
0.13 ac (5,624 SF)
Zoning code
C8-2
APN
06050-0037
UPID
US63-2779428
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-2 · Brooklyn, NY
Zoning C8-2 · permitted uses
C8-2 · 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)
Est. value
$8.1M
COMMERCIAL (GENERAL)
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
2001
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ridgecor, LLC
Entity
Mailing address
8710 5TH AVE, BROOKLYN, NY 11209-5208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Ridgecor, LLC
—
Deed
related
$1,646,913 · Emerald Creek Capital 3 LLC
Jul 12, 2017
—
Ridgecor LLC
—
Deed
related
$500,000 · Martin Pogoda
Dec 17, 1999
—
Ridgecor LLC
—
Trustees Deed
related
$963,509 · Staten Island Savings Bank
—
—
Ridgecor LLC
—
Deed Of Trust
related
$500,000 · Martin Pogoda
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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