94 Milton St Brooklyn, NY 11222-5244
Entity Owned
4-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.24M
Range $2.01M – $2.46M (±10%)
Property ID
US63-2113711
Property summary
AI-generated overview
This exceptional 8-unit multifamily property, located at 94 Milton Street in the vibrant Greenpoint neighborhood of Brooklyn, New York (zip code 11222), presents a compelling investment opportunity. The building boasts a substantial 7,500 square feet of living space, currently generating a strong Net Operating Income (NOI) of $440,000. Seven out of the eight units are free-market, offering significant potential for rental income growth. The property's prime location in Greenpoint, known for its thriving community and convenient access to transportation, ensures consistent tenant demand. This fully renovated building is a turnkey investment, requiring minimal capital expenditure upon acquisition. The property's strong financial performance, coupled with its desirable location and the potential for further appreciation, makes it an ideal addition to any investor's portfolio. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in one of Brooklyn's most sought-after neighborhoods. Serious inquiries only. The property is situated at 40.729005 latitude and -73.956733 longitude. Kings County tax records are available for review.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Total area
7,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6B
APN
02566-0012
UPID
US63-2113711
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$3.53M
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$2.24M
Owner & transaction history
since 2022
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
R6B · Brooklyn, NY
Top alternative use upside
Industrial (general)
$4.3M
+56.4%
Warehouse, storage
$4.1M
+52.4%
Office building
$4.1M
+51.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.24M
Value range
$2.01M – $2.46M
±10% around blend
Estimated value / SF
$298 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.01M
blend $2.24M
$2.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,500 SF
Lot area
0.06 ac
Year built
1928
Stories
4
APN
02566-0012
Assessed value
$1,596,150
Annual tax
$20,372
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.82M
@ 6.5% CAP return
$3.53M
@ 7% CAP return
$3.27M
4
Sales comparison
Partial preview
Sales approach indication
$2.14M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.1 mi away · 5,401 SF
1.1 mi away · 6,025 SF
1.7 mi away · 5,400 SF
1.8 mi away · 6,875 SF
2.1 mi away · 6,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 99 sales
$363
-18%
Submarket 1780 sales
$283
+5%
County 1780 sales
$283
+5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $298/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+56%
vs current-use indication
Warehouse, Storage
Office Building
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.75M
Move the market yield to see immediate price impact.
Value / SF
$367
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$173k
$3.47M
$2.47M
$1.93M
$193k
$3.85M
$2.75M
$2.14M
$212k
$4.24M
$3.02M
$2.35M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.70M
0.7 mi · Jan 2026 · $309/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,372
Tax year 2024
Assessed value
$1,596,150
Assessed 2024
Previous assessed
$1,481,850
+7.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$9,900
Assessed improvement
$1,586,250
Land market value
$22,000
Improvement market value
$3,525,000
Total market value
$3,547,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
7,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6B
APN
02566-0012
UPID
US63-2113711
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Brooklyn, NYZoning R6B · permitted uses
R6B · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6B
Jurisdiction
Brooklyn, NY
Recorded code
R6B
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