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Property profile & analytics
OFF-MARKET
Estimated value
$8,485,000
Office buildings
885 Flatbush Ave 891 Brooklyn, NY 11226-4017
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-0113202
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
30,196 SF
Lot
0.2 ac (8,690 SF)
Zoning code
C44A
APN
05103-0028
UPID
US63-0113202
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
-
Elements Studio Photography Photography Service (Bike/Boat/Book/etc) Store
-
Citi ATM Atm
-
Flatbush Adult Daycare LLC Adult Day Care
-
C19 Testing Laboratory Medical Laboratory
-
Citi Pwn Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.49M
Owner & transaction history
885 Flatbush Associates LLC · 13 yrs held
885 Flatbush Associates LLC
since 2013
4 recorded transactions
Zoning & alternative use
C44A · 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%
$12,310,000
6.5%
$11,365,000
7%
$10,555,000
Blend value · Realmo final
$8.49M
Range $7.64M – $9.33M · ±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
$281 / 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
$269,492
Tax year 2024
Assessed value
$2,544,300
Assessed 2024
Previous assessed
$2,537,550
+0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$449,550
Assessed improvement
$2,094,750
Land market value
$999,000
Improvement market value
$4,655,000
Total market value
$5,654,000
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
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
5
Units
8
Total area
30,196 SF
Lot
0.2 ac (8,690 SF)
Zoning code
C44A
APN
05103-0028
UPID
US63-0113202
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44A · Brooklyn, NY
Zoning C44A · permitted uses
C44A · 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
Year built
1925
Heating
NONE
Stories
5
Buildings
1
Units
8
Lot
0.2 ac
Current owner
From public records · entity-resolved
885 Flatbush Associates LLC
Entity
Mailing address
488 MADISON AVE RM #2103, NEW YORK, NY 10022-5704
Ownership since
2013
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
Jan 23, 2025
—
885 Flatbush Associates LLC
—
Deed
related
$800,000 · Metropolitan Commercial Bank
Feb 10, 2021
—
885 Flatbush Associates LLC
—
Deed
related
$377,483 · Metropolitan Commercial Bank
May 9, 2013
$8,900,000
885 Flatbush Associates LLC
Fgp West Street LLC
Deed
$6,500,000 · Citigroup Global Markets Realty Cor
Jul 12, 2007
$9,857,773
Fgp West Street LLC
Citibank NA
Grant Deed
—
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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