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Property profile & analytics
FOR LEASE
Office buildings
9020 5Th Ave Brooklyn, NY 11209
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1231987
For Lease
1 / 15
$15,750/Mo
9020 5Th Ave, Brooklyn, NY 11209
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Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1994
Total area
13,050 SF
Lot
0.12 ac (5,100 SF)
Zoning code
C8-2
APN
06082-0027
UPID
US63-1231987
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
-
Dr. Paolo Destefano Physician
-
Dennis Yi. Chen, MD Physician Medical Clinic
-
Bora Kim Physician Medical Clinic
-
Dr. Joseph Vitiello Physician
-
David Capiola Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.91M
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$8.65M
Owner & transaction history
9020 Fifth Avenue Realty LLC · 5 yrs held
9020 Fifth Avenue Realty LLC
since 2021
Last sale
$8.2M
6 recorded transactions
Zoning & alternative use
C8-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.4M
+44.3%
Retail stores
$10.1M
+39.9%
Industrial (general)
$7.4M
+3.1%
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
$9,070,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
$5,790,000
6.5%
$5,345,000
7%
$4,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,185,000
Current use
AUTO REPAIR, GARAGE
$10,370,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$10,050,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,405,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,540,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,270,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$8.65M
Range $7.78M – $9.51M · ±10% · vs last sale $8.19M (Jan 15 2021)
Last sale anchor
$8.19M
Jan 15 2021
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
$662 / 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
$135,223
Tax year 2024
Assessed value
$1,588,950
Assessed 2024
Previous assessed
$1,424,700
+11.5% YoY
Effective rate
8.51%
On assessed value
Assessed land
$137,700
Assessed improvement
$1,451,250
Land market value
$306,000
Improvement market value
$3,225,000
Total market value
$3,531,000
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
For Lease
Year built
1994
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
13,050 SF
Lot
0.12 ac (5,100 SF)
Zoning code
C8-2
APN
06082-0027
UPID
US63-1231987
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$10.4M
RETAIL STORES
Est. value
$10.1M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1994
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
9020 Fifth Avenue Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
107 W 13TH ST, NEW YORK, NY 10011-7801
Ownership since
2021
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
Mar 1, 2021
—
7115 Thirteenth Avenue Realty LLC
—
Deed
related
$11,900,000 · Vnb New York, LLC
Jan 22, 2021
—
9020 Fifth Avenue Realty LLC
—
Deed
related
$16,600,000 · Valley Nat'l Bk
Jan 15, 2021
$8,190,000
9020 Fifth Avenue Realty LLC
920 5th Avenue Realty Co LLC
Correction Deed
—
Mar 16, 2016
—
920 5th Avenue Realty Co LLC
920 5th Avenue Realty Co LLC
Deed
related
$5,250,000 · Santander Bank, N.a.
Jul 10, 2015
$7,500,000
920 5th Avenue Realty Co LLC
91st Street 5th Avenue Co INC
Grant Deed
—
—
—
9020 Fifth Avenue Realty LLC
—
Loan Modification
related
$16,600,000 · Valley Nat'l Bk
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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