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Property profile & analytics
FOR LEASE
Investment properties
9306 Flatlands Ave Brooklyn, NY 11236
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5672002
For Lease
1 / 2
$880,000
9306 Flatlands Ave, Brooklyn, NY 11236
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
3,418 SF
Lot
0.12 ac (5,369 SF)
Zoning code
R4-1
APN
08201-0038
UPID
US63-5672002
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
-
Seddio & Carone Bank Loan Service
-
TWIP - Travel With Interesting People Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$880k
Owner & transaction history
Flatlands Plaza LLC · 3 yrs held
Flatlands Plaza LLC
since 2023
7 recorded transactions
Zoning & alternative use
R4-1 · 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)
$1,160,000
Current use
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$257 / 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
$9,212
Tax year 2024
Assessed value
$55,560
Assessed 2024
Previous assessed
$53,400
+4.0% YoY
Effective rate
16.58%
On assessed value
Assessed land
$12,900
Assessed improvement
$42,660
Land market value
$215,000
Improvement market value
$711,000
Total market value
$926,000
Applied tax rate
1.0000
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
For Lease
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
3,418 SF
Lot
0.12 ac (5,369 SF)
Zoning code
R4-1
APN
08201-0038
UPID
US63-5672002
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Brooklyn, NY
Zoning R4-1 · permitted uses
R4-1 · 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
$1.2M
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
1920
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Flatlands Plaza LLC
Entity
Mailing address
3915 QUENTIN RD, BROOKLYN, NY 11234-4305
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Flatlands Plaza, LLC
—
Deed
related
$4,000,000 · Webster Bank, N.a.
Apr 26, 2023
—
Flatlands Plaza LLC
Joshua Rubenstein
Deed
—
Feb 3, 2023
$975,000
Joshua Rubenstein
Frank R Seddio
Deed
$712,500 · Rocket Mortgage LLC
Nov 23, 2022
—
Frank R Seddio
Joyce Becker Seddio
Intrafamily Transfer
related
—
Nov 20, 2018
—
Joyce B Seddio
—
Deed
related
$150,000 · Marie F Conde
Dec 14, 2016
$150,000
Joyce B Seddio
Seddio,frank R
Warranty Deed
related
—
—
—
Joyce B Seddio
—
Deed Of Trust
related
$150,000 · Marie F Conde
—
—
Frank R Seddio
—
Deed Of Trust
related
$250,000 · Golden Resources LLC
—
—
Frank R Seddio
—
Deed Of Trust
related
$100,000 · Chase Manhattan Bank
—
—
Frank R Seddio
—
Deed Of Trust
related
$250,000 · Power Express
—
—
Frank R Seddio
—
Deed Of Trust
related
$100,000 · Fleet National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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