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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Super regional malls
8725 Foster Ave Brooklyn, NY 11236
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-0134421
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2010
Total area
16,608 SF
Lot
0.5 ac (21,976 SF)
Zoning code
M1-1
APN
07920-0007
UPID
US63-0134421
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$765k
Owner & transaction history
Breit Canarsie Owner LLC · 6 yrs held
Breit Canarsie Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+110.9%
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Current use
WAREHOUSE, STORAGE
$1,090,000
Change: +111% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$46 / 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
$99,065
Tax year 2024
Assessed value
$3,402,450
Assessed 2024
Previous assessed
$3,392,550
+0.3% YoY
Effective rate
2.91%
On assessed value
Assessed land
$395,550
Assessed improvement
$3,006,900
Land market value
$879,000
Improvement market value
$6,682,000
Total market value
$7,561,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
16,608 SF
Lot
0.5 ac (21,976 SF)
Zoning code
M1-1
APN
07920-0007
UPID
US63-0134421
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning 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
Brooklyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
2010
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Breit Canarsie Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
345 PARK AVE, NEW YORK, NY 10154-0004
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Breit Canarsie Owner LLC
—
Deed
related
$110,809,600 · Bank Of Montreal
Feb 1, 2023
—
Breit Canarsie Owner LLC
—
Deed
related
$3,600,000 · New York Life Insurance Company
Dec 24, 2019
$130,000,000
Breit Canarsie Owner LLC
Cole Mt Brooklyn Ny LLC
Grant Deed
—
Jan 28, 2013
—
Cole Mt Brooklyn Ny LLC
—
Grant Deed
related
$75,000,000 · Pnc Bank
Dec 24, 2012
$124,000,000
Cole Mt Brooklyn Ny LLC
Canarsie Plaza LLC
Trustees Deed
$6,355,716 · Pnc Bank
Apr 24, 2012
—
Canarsie Plaza LLC
—
Deed Of Trust
related
$7,600,000 · Manufacturers Traders & Trust
Sep 7, 2011
—
Canarsie Plaza LLC
—
Deed Of Trust
related
$4,000,000 · Manufacturers Traders & Trust
Feb 25, 2011
—
Canarsie Plaza LLC
Canarsie Plaza LLC
Quit Claim Deed
related
—
Sep 10, 2010
—
Canarsie Plaza LLC
Canarsie Plaza LLC
Quit Claim Deed
related
—
Feb 8, 2010
—
Canarsie Plaza LLC
—
Deed Of Trust
related
$48,000,000 · Manufacturers & Traders Trust
Oct 21, 2009
—
Canarsie Plaza LLC
Canarsie Plaza LLC
Quit Claim Deed
related
—
Dec 10, 2007
$8,300,000
Canarsie Plaza LLC
New York City Economic Develop
Grant Deed
—
—
—
New York City Economic Dev Cor
—
Deed Of Trust
related
—
—
—
Canarsie Plaza LLC
—
Deed Of Trust
related
$7,000,000 · Manufacturers Traders & Trust
—
—
Canarsie Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Manufacturers Traders & Trust
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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