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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Investment properties
944 Flatbush Ave Brooklyn, NY 11226-4018
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-0837596
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
4,568 SF
Lot
0.04 ac (1,950 SF)
Zoning code
C44A
APN
05102-0044
UPID
US63-0837596
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
-
Pyshic & palm reader Medical Clinic
-
best astrologer in newyork brooklyn Astrologer
-
944 Beauty Closet Hair Salon Nail Salon
-
Best Indian Astrologer in USA, New York Astrologer Psychic
-
Fashion Prep Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Kastex Realty LLC · 13 yrs held
Kastex Realty LLC
since 2013
7 recorded transactions
Zoning & alternative use
C44A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$201 / 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
$13,394
Tax year 2024
Assessed value
$175,950
Assessed 2024
Previous assessed
$194,850
-9.7% YoY
Effective rate
7.61%
On assessed value
Assessed land
$27,900
Assessed improvement
$148,050
Land market value
$62,000
Improvement market value
$329,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
4
Total area
4,568 SF
Lot
0.04 ac (1,950 SF)
Zoning code
C44A
APN
05102-0044
UPID
US63-0837596
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44A · Brooklyn, NY
Zoning C44A · permitted uses
C44A · 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
3
Buildings
1
Units
4
Lot
0.04 ac
Current owner
From public records · entity-resolved
Kastex Realty LLC
Entity
Mailing address
1015 SURF AVE, BROOKLYN, NY 11224-2810
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2018
—
Kastex Realty LLC
—
Deed
related
$510,243 · Interaudi Bk
Sep 25, 2018
—
Kastex Realty LLC
—
Loan Modification
related
$1,445,000 · Interaudi Bk
Jan 23, 2013
—
Kastex Realty LLC
Kastex Realty INC
Quit Claim Deed
—
Mar 17, 2008
—
Kastex Realty INC
—
Deed Of Trust
related
$1,195,000 · Interaudi Bank
—
—
Kastex Realty INC
—
Loan Modification
related
$1,445,000 · Interaudi Bank
—
—
Kastex Realty INC
—
Loan Modification
related
$417,500 · Interaudi Bank
—
—
Kastex Realty LLC
—
Loan Modification
related
$510,243 · Interaudi Bk
—
—
Kastex Realty INC
—
Deed Of Trust
related
$350,000 · Interaudi Bank
—
—
Kastex Realty INC
—
Deed Of Trust
related
$510,243 · Interaudi 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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