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Property profile & analytics
OFF-MARKET
Estimated value
$26,780,000
Retail residential properties
899 Montgomery St, Brooklyn, NY 11213-5660
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-3532407
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1928
Total area
112,392 SF
Lot
0.59 ac (25,781 SF)
Zoning code
R7-1
APN
01418-0049
UPID
US63-3532407
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
-
Sculpt & Shine Radiance (Bike/Boat/Book/etc) Store Cosmetic Store
-
Martha E. Langhorne, FNP Physician
-
Marva Langhorne Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.26M
Blend (final)
Blend
$26.78M
Owner & transaction history
Clean Realty LLC · 17 yrs held
Clean Realty LLC
since 2009
7 recorded transactions
Zoning & alternative use
R7-1 · 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)
$44,165,000
Current use
Blend value · Realmo final
$26.78M
Range $24.10M – $29.46M · ±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
$238 / 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
$128,989
Tax year 2024
Assessed value
$2,881,800
Assessed 2024
Previous assessed
$3,451,950
-16.5% YoY
Effective rate
4.48%
On assessed value
Assessed land
$174,150
Assessed improvement
$2,707,650
Land market value
$387,000
Improvement market value
$6,017,000
Total market value
$6,404,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
6
Units
108
Total area
112,392 SF
Lot
0.59 ac (25,781 SF)
Zoning code
R7-1
APN
01418-0049
UPID
US63-3532407
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Brooklyn, NY
Zoning R7-1 · permitted uses
R7-1 · 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
$44.2M
COMMERCIAL (GENERAL) Current
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
6
Buildings
1
Units
108
Lot
0.59 ac
Current owner
From public records · entity-resolved
Clean Realty LLC
Entity
Mailing address
438 KINGSTON AVE, BROOKLYN, NY 11225-4602
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Clean Realty LLC
—
Deed
related
$250,000 · Santander Bank, N.a.
Jul 20, 2018
—
Clean Realty LLC
—
Deed
related
$6,100,000 · Capital One NA
Feb 19, 2009
$9,650,000
Clean Realty LLC
899 Montgomery Associates LLC
Grant Deed
$379,714 · Sovereign Bank
Feb 19, 2009
—
5954 Realty LLC
—
Deed Of Trust
related
$7,000,000 · Sovereign Bank
Feb 14, 2005
$8,000,000
899 Montgomery Associates LLC
899 Montgomery LLC
Grant Deed
$2,568,302 · New York Community Bank
—
—
899 Montgomery LLC
—
Deed Of Trust
related
$921,224 · New York Community Bank
—
—
Clean Realty LLC
—
Loan Modification
related
$6,100,000 · Capital One NA
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
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