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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail space
944 3rd Ave Brooklyn, NY 11232
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3499940
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
1,900 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M3-1
APN
00691-0044
UPID
US63-3499940
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$765k
Owner & transaction history
1-10 Bush Trm Owner LP A LP · 12 yrs held
1-10 Bush Trm Owner LP A LP
since 2013
7 recorded transactions
Zoning & alternative use
M3-1 · 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
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$403 / 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
$10,381
Tax year 2024
Assessed value
$102,150
Assessed 2024
Previous assessed
$94,050
+8.6% YoY
Effective rate
10.16%
On assessed value
Assessed land
$27,000
Assessed improvement
$75,150
Land market value
$60,000
Improvement market value
$167,000
Total market value
$227,000
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
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
1,900 SF
Lot
0.05 ac (2,000 SF)
Zoning code
M3-1
APN
00691-0044
UPID
US63-3499940
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Brooklyn, NY
Zoning M3-1 · permitted uses
M3-1 · 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.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
1-10 Bush Trm Owner LP A LP
Entity
Free & Clear · 12 yrs held
Mailing address
220 36TH ST UNIT 2A, BROOKLYN, NY 11232-2413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
Bxmt 2020-fl2, Ltd., As Issuer
—
Deed
related
—
Dec 23, 2021
—
1-10 Bush Terminal Owner LP
—
Deed
related
$72,439,609 · Bxmt 2020-fl2, Ltd
Dec 19, 2019
—
1-10 Bush Terminal Owner LP
—
Deed
related
$19,298,988 · Parlex 5 Finco LLC
Dec 1, 2017
—
1-10 Bush Terminal Owner LP
—
Grant Deed
related
$132,593,477 · Bank Of China
Dec 17, 2015
—
1-10 Bush Terminal Owner LP
—
Grant Deed
related
$93,670,732 · Bank Of China
Aug 30, 2013
—
1-10 Bush Trm Owner LP A LP
1-10 Industry Associates LLC
Quit Claim Deed
related
—
Apr 23, 2012
—
1-10 Industry Associates LLC
—
Grant Deed
related
$300,000,000 · Gccfc 2007-gg11 Brooklyn Ind LLC
Oct 24, 2007
—
1-10 Industry Associates LLC
—
Deed Of Trust
related
$300,000,000 · Goldman Sachs Comm'l Mtg Cap
Nov 24, 2004
—
1-10 Industry Associates LLC
Industry City Associates
Quit Claim Deed
related
$51,593,302 · North Fork Bank
—
—
1-10 Bush Terminal Owner LP
—
Loan Modification
related
$197,500,000 · Bank Of China
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$31,829,267 · Bank Of China
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$39,209,695 · Parlex 5 Finco LLC
—
—
1-10 Bush Terminal Owner LP
—
Deed Of Trust
related
$19,298,988 · Parlex 5 Finco LLC
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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