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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Retail space
926 Mother Gaston Blvd, Brooklyn, NY 11212-5708
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-5876970
Property summary
AI-generated overview
Exceptional investment opportunity in Brooklyn, NY, at 926 Mother Gaston Boulevard, 11212. This 5,500 square foot commercial land parcel offers significant development potential with an existing, stable income stream. The property features a single-story building with 2,915 square feet and an 8-10 foot ceiling height. Currently leased under a Triple Net (NNN) lease with 13 years remaining, generating a net operating income (NOI) of $83,400 annually, representing a 5.25% cap rate. The R6 zoning allows for a residential floor area ratio (FAR) of 2.43 and a facility FAR of 4.80, presenting diverse development options. This property is situated in Kings (Brooklyn) County and offers a rare combination of immediate income and long-term growth potential. Don't miss this chance to acquire a high-yield asset in a thriving Brooklyn neighborhood. The asking price is $1,590,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
2,915 SF
Lot
0.13 ac (5,500 SF)
Zoning code
R6
APN
03639-0001
UPID
US63-5876970
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
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.39M
Owner & transaction history
926 Sz LLC · 1 yrs held
926 Sz LLC
since 2025
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+3.2%
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
$1,370,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,245,000
Current use
AUTO REPAIR, GARAGE
$2,315,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.40M (May 27 2025)
Last sale anchor
$1.40M
May 27 2025
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
$477 / 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
$18,637
Tax year 2024
Assessed value
$175,950
Assessed 2024
Previous assessed
$188,100
-6.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$94,050
Assessed improvement
$81,900
Land market value
$209,000
Improvement market value
$182,000
Total market value
$391,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,915 SF
Lot
0.13 ac (5,500 SF)
Zoning code
R6
APN
03639-0001
UPID
US63-5876970
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
RETAIL STORES Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1930
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
926 Sz LLC
Entity
Mailing address
233 WOODBINE ST, BROOKLYN, NY 11221-4745
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
$1,400,000
926 Sz LLC
Ae Global Estate LLC
Deed
$4,500,000 · Ice Lender Holdings LLC
Nov 14, 2017
$925,000
Ae Global Estate LLC
Omg Real Estate INC
Grant Deed
—
Mar 31, 2011
—
Omg Real Estate INC
926 Mother Gaston Boulevard In
Grant Deed
—
Apr 13, 2005
—
Mother Gaston Boulevard INC
Atkinson,vincent
Grant Deed
related
—
—
—
Vincent Atkinson
—
Deed Of Trust
related
$259,000 · Greenpoint Mortgage Funding
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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