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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Office buildings
887 New York Ave Brooklyn, NY 11203-1309
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-2277415
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1952
Total area
47,235 SF
Lot
1.14 ac (49,441 SF)
Zoning code
C8-2
APN
01430-0018
UPID
US63-2277415
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
-
Family Dollar Discount Store
-
Harrell Melinda Foster Care Service Social Service Agency
-
Community Counseling & Mediation Charitable Organization Social Service Agency
-
Nancy Pierdipino, MA Medical Clinic
-
Doris Francis, PsyD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
Blake Christopher Ny LLC · 16 yrs held
Blake Christopher Ny LLC
since 2010
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$217 / 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
$161,505
Tax year 2024
Assessed value
$1,888,650
Assessed 2024
Previous assessed
$1,624,050
+16.3% YoY
Effective rate
8.55%
On assessed value
Assessed land
$278,100
Assessed improvement
$1,610,550
Land market value
$618,000
Improvement market value
$3,579,000
Total market value
$4,197,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
1
Stories
1
Units
5
Total area
47,235 SF
Lot
1.14 ac (49,441 SF)
Zoning code
C8-2
APN
01430-0018
UPID
US63-2277415
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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Buildings
1
Units
5
Lot
1.14 ac
Current owner
From public records · entity-resolved
Blake Christopher Ny LLC
Entity
Mailing address
1481 47TH ST, BROOKLYN, NY 11219-2635
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2018
—
Blake Christopher Ny LLC
—
Loan Modification, Consolidation And Extension
related
$6,000,000 · New York Cmnty Bk
Nov 1, 2012
—
Blake Christopher Ny LLC
—
Grant Deed
related
$3,000,000 · New York Community Bank
Jun 4, 2010
—
Blake Christopher Ny LLC
Blake-christopher Corp
Quit Claim Deed
$1,056,830 · Signature Bank
—
—
Blake Christopher Ny LLC
—
Deed Of Trust
related
$5,000,000 · Ss Sontag Qi LLC
—
—
United Cerebral Palsy Associat
—
Deed Of Trust
related
$2,412,000 · Primary Care Dev Corp
—
—
Blake Christopher Ny LLC
—
Deed Of Trust
related
$2,000,000 · Signature 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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