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Property profile & analytics
OFF-MARKET
Estimated value
$26,920,000
Office buildings
97 10th St Brooklyn, NY 11249-1909
Entity Owned
~
Est. High Equity
Property ID
US63-3542147
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1900
Total area
30,953 SF
Lot
0.43 ac (18,516 SF)
Zoning code
M1-2
APN
02296-0012
UPID
US63-3542147
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
-
Campbell Artists Employment Agency
-
Tomorrow Marketing & Advertising IT Consulting Firm
-
MNS, Real Estate Real Estate Agency
-
Excel Restoration Inc. Construction Company
-
The Bar Method Brooklyn - Williamsburg Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.92M
Owner & transaction history
87 Wythe Holding LLC · 2 yrs held
87 Wythe Holding LLC
since 2024
Last sale
$26.9M
2 recorded transactions
Zoning & alternative use
M1-2 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.6M
+44.3%
Retail stores
$23.8M
+39.9%
Industrial (general)
$17.6M
+3.1%
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
$26,920,000
ML approach
$26,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,040,000
Current use
AUTO REPAIR, GARAGE
$24,595,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$23,835,000
Change: +40% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$17,570,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$26.92M
Range $24.23M – $29.61M · ±10% · vs last sale $26.92M (Dec 2 2024)
Last sale anchor
$26.92M
Dec 2 2024
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
$870 / 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
$238,368
Tax year 2024
Assessed value
$2,250,450
Assessed 2024
Previous assessed
$2,250,450
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$249,750
Assessed improvement
$2,000,700
Land market value
$555,000
Improvement market value
$4,446,000
Total market value
$5,001,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
30,953 SF
Lot
0.43 ac (18,516 SF)
Zoning code
M1-2
APN
02296-0012
UPID
US63-3542147
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Brooklyn, NY
Zoning M1-2 · permitted uses
M1-2 · 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
OFFICE BUILDING Current
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$24.6M
RETAIL STORES
Est. value
$23.8M
INDUSTRIAL (GENERAL)
Est. value
$17.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1900
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
87 Wythe Holding LLC
Entity
Mailing address
97 N 10TH ST, BROOKLYN, NY 11249-1909
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
87 Wythe Holding LLC
—
Loan Modification
related
$28,500,000 · Manufacturers & Traders Tr
—
—
87 Wythe Holding LLC
—
Loan Modification
related
$28,500,000 · Manufacturers & Traders Tr
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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