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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Investment properties
892 Manhattan Ave, Brooklyn, NY 11222-7080
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-1640220
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Total area
4,800 SF
Lot
0.06 ac (2,430 SF)
Zoning code
C43A
APN
02574-0062
UPID
US63-1640220
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
-
Mr. Berry Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
892 Manhattan Ave Assocs LLC · 10 yrs held
892 Manhattan Ave Assocs LLC
since 2016
4 recorded transactions
Zoning & alternative use
C43A · 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%
$2,905,000
6.5%
$2,680,000
7%
$2,490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,215,000
Current use
WAREHOUSE, STORAGE
$2,655,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$2,640,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±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
$428 / 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
$34,707
Tax year 2024
Assessed value
$1,471,950
Assessed 2024
Previous assessed
$1,366,650
+7.7% YoY
Effective rate
2.36%
On assessed value
Assessed land
$5,400
Assessed improvement
$1,466,550
Land market value
$12,000
Improvement market value
$3,259,000
Total market value
$3,271,000
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
1928
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
4,800 SF
Lot
0.06 ac (2,430 SF)
Zoning code
C43A
APN
02574-0062
UPID
US63-1640220
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C43A · Brooklyn, NY
Zoning C43A · permitted uses
C43A · 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
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1928
Heating
NONE
Stories
4
Buildings
1
Units
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
892 Manhattan Ave Assocs LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7125 AUSTIN ST, FOREST HILLS, NY 11375-4720
Ownership since
2016
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
Nov 2, 2022
—
892 Manhattan Ave Associates LLC
—
Deed
related
$250,000 · Signature Bank
Aug 31, 2020
—
892 Manhattan Ave Associates LLC
—
Deed
related
$1,500,000 · Signature Bank
Apr 7, 2016
—
892 Manhattan Ave Assocs LLC
71st Austin Associates LLC
Quit Claim Deed
—
—
—
71st Austin Associates LLC
—
Deed Of Trust
related
$499,000 · Capital One
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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