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Property profile & analytics
OFF-MARKET
Estimated value
$19,975,000
Apartment buildings
8831 Ft Hamilton Pkwy 8847 Brooklyn, NY 11209-6053
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0186978
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
119,400 SF
Lot
0.69 ac (30,052 SF)
Zoning code
R5B
APN
06069-0004
UPID
US63-0186978
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
-
Your Family Film| Videographer Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.09M
Blend (final)
Blend
$19.98M
Owner & transaction history
8831 - El Tsg II LLC · 3 yrs held
8831 - El Tsg II LLC
since 2023
7 recorded transactions
Zoning & alternative use
R5B · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,570,000
Current use
Blend value · Realmo final
$19.98M
Range $17.98M – $21.97M · ±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
$167 / 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
$458,455
Tax year 2024
Assessed value
$4,043,700
Assessed 2024
Previous assessed
$3,540,150
+14.2% YoY
Effective rate
11.34%
On assessed value
Assessed land
$811,350
Assessed improvement
$3,232,350
Land market value
$1,803,000
Improvement market value
$7,183,000
Total market value
$8,986,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
2
Stories
6
Units
122
Total area
119,400 SF
Lot
0.69 ac (30,052 SF)
Zoning code
R5B
APN
06069-0004
UPID
US63-0186978
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Brooklyn, NY
Zoning R5B · permitted uses
R5B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1931
Heating
NONE
Stories
6
Buildings
2
Units
122
Lot
0.69 ac
Current owner
From public records · entity-resolved
8831 - El Tsg II LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5223 15TH AVE, BROOKLYN, NY 11219-3908
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
—
Wireless Propco, LLC
—
Deed
related
$383,079 · Wilmington Trust, N.a.
Apr 5, 2023
—
8831 - El Tsg II LLC
8831 - Cl Tsg II LLC
Correction Deed
related
—
Feb 21, 2023
—
Hamilton Gatling LLC
8831 - El Tsg II LLC
Deed
—
Jun 15, 2020
—
8831-el Tsg II LLC
8831-el Tsg II LLC
Quit Claim Deed
—
Nov 7, 2019
—
8831 El Tsg II LLC
Hamilton Gatling Estates LLC
Grant Deed
—
Oct 3, 2019
—
Hamilton Gatling Estates LLC
—
Deed
related
$5,000,000 · Signature Bk
Nov 5, 2012
$19,800,000
Hamilton Gatling Estates LLC
Ann M Mallouk LLC
Grant Deed
$11,300,000 · Astoria Fsb
Apr 10, 2006
—
Ann M Mallouk LLC
Mallouk,ann M
Quit Claim Deed
related
—
—
—
Hamilton Gatling Estates LLC
—
Loan Modification
related
$5,000,000 · Signature Bk
—
—
T1 Unison Site Management LLC
—
Deed Of Trust
related
$182,281 · Deutsche Bank Trust Co America
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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