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Property profile & analytics
OFF-MARKET
Estimated value
$3,035,000
Investment properties
8901 3rd Ave Brooklyn, NY 11209-5705
Entity Owned
~
Est. High Equity
Property ID
US63-5962263
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1911
Total area
5,500 SF
Lot
0.06 ac (2,700 SF)
Zoning code
R6B
APN
06064-0004
UPID
US63-5962263
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
-
Panino Rustico of Bay Ridge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.07M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.04M
Owner & transaction history
8901 Third Avenue Realty LLC
8901 Third Avenue Realty LLC
since 2026
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R6B · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+65.4%
Retail stores
$4.2M
+60.3%
Industrial (general)
$3.1M
+18.1%
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%
$3,330,000
6.5%
$3,070,000
7%
$2,850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,640,000
Current use
AUTO REPAIR, GARAGE
$4,370,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$4,235,000
Change: +60% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,120,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$3,030,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$2,755,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±10% · vs last sale $2.90M (Feb 23 2026)
Last sale anchor
$2.90M
Feb 23 2026
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
$552 / 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
$32,905
Tax year 2024
Assessed value
$351,450
Assessed 2024
Previous assessed
$326,250
+7.7% YoY
Effective rate
9.36%
On assessed value
Assessed land
$60,750
Assessed improvement
$290,700
Land market value
$135,000
Improvement market value
$646,000
Total market value
$781,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1911
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
5,500 SF
Lot
0.06 ac (2,700 SF)
Zoning code
R6B
APN
06064-0004
UPID
US63-5962263
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NY
Zoning R6B · permitted uses
R6B · 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) Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1911
Heating
NONE
Stories
4
Buildings
1
Units
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
8901 Third Avenue Realty LLC
Entity
Mailing address
8901 3RD AVE, BROOKLYN, NY 11209-5705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$2,900,000
8901 Third Avenue Realty LLC
Ridge 89, LLC
Deed
$3,100,000 · Emigrant Funding Corporation
Aug 1, 2025
—
Ridge 89, LLC
—
Deed
related
$31,187 · Jpmorgan Chase Bank, N.a.
Sep 27, 2018
—
Ridge 89 LLC
—
Deed
related
$513,478 · Signature Bank
Mar 31, 2014
—
Ridge 89 LLC
Grace Chang Venner
Deed
$489,355 · Signature Bank
Aug 28, 2008
$2,000,000
Stuart Venner
Samantha & Stephen LLC
Grant Deed
—
Aug 12, 2004
$1,350,000
Doaja 308 LLC
Samantha & Stephen LLC
Grant Deed
$930,000 · Flushing Savings Bank
—
—
Ridge 89 LLC
—
Loan Modification
related
$1,750,000 · Signature Bk
—
—
Stuart Venner
—
Deed Of Trust
related
$950,000 · Hanover Community 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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