Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$204,740,000
Warehouses
892 3rd Ave Brooklyn, NY 11232
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2325823
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1907
Total area
744,500 SF
Lot
3.22 ac (140,220 SF)
Zoning code
M3-1
APN
00683-0001
UPID
US63-2325823
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$204.74M
Owner & transaction history
1-10 Industry Associates LLC · 12 yrs held
1-10 Industry Associates LLC
since 2013
7 recorded transactions
Zoning & alternative use
M3-1 · 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
COMMERCIAL (GENERAL)
$293,000,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$204.74M
Range $184.27M – $225.21M · ±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
$275 / 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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1907
Heating
NONE
Stories
6
Units
14
Total area
744,500 SF
Lot
3.22 ac (140,220 SF)
Zoning code
M3-1
APN
00683-0001
UPID
US63-2325823
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NYZoning M3-1 · permitted uses
M3-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$293.0M
COMMERCIAL (GENERAL)
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
1907
Heating
NONE
Stories
6
Units
14
Lot
3.22 ac
Current owner
From public records · entity-resolved
1-10 Industry Associates LLC
Entity
Free & Clear · 12 yrs held
Mailing address
220 36TH ST UNIT #2, BROOKLYN, NY 11232-2413
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
1-10 Bush Terminal Owner LP
—
Grant Deed
related
$132,593,477 · Bank Of China
Dec 17, 2015
—
1-10 Bush Terminal Owner LP
—
Grant Deed
related
$93,670,732 · Bank Of China
Aug 30, 2013
—
1-10 Industry Associates LLC
1-10 Industry Associates LLC
Quit Claim Deed
related
—
Apr 23, 2012
—
1-10 Industry Associates LLC
—
Grant Deed
related
$300,000,000 · Gccfc 2007-gg11 Brooklyn Ind LLC
Oct 24, 2007
—
1-10 Industry Associates LLC
—
Deed Of Trust
related
$300,000,000 · Goldman Sachs Comm'l Mtg Cap
Nov 24, 2004
—
1-10 Industry Associates LLC
Industry City Associates
Quit Claim Deed
related
$51,593,302 · North Fork Bank
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$31,829,267 · Bank Of China
—
—
1-10 Bush Terminal Owner LP
—
Loan Modification
related
$197,500,000 · Bank Of China
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$19,298,988 · Parlex 5 Finco LLC
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$39,209,695 · Parlex 5 Finco LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 892 3rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
