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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Manufacturing properties
972-974 Dean St Brooklyn, NY 11238
Entity Owned
~
Est. High Equity
Property ID
US63-5725038
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Total area
18,400 SF
Lot
0.15 ac (6,490 SF)
Zoning code
M1-1
APN
01142-0016
UPID
US63-5725038
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
$5.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Dean Chocolate LLC
Dean Chocolate LLC
since 2025
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
M1-1 · 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%
$5,455,000
6.5%
$5,035,000
7%
$4,675,000
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $3.75M (Nov 25 2025)
Last sale anchor
$3.75M
Nov 25 2025
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
$209 / 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
$69,027
Tax year 2024
Assessed value
$684,000
Assessed 2024
Previous assessed
$711,900
-3.9% YoY
Effective rate
10.09%
On assessed value
Assessed land
$58,500
Assessed improvement
$625,500
Land market value
$130,000
Improvement market value
$1,390,000
Total market value
$1,520,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
18,400 SF
Lot
0.15 ac (6,490 SF)
Zoning code
M1-1
APN
01142-0016
UPID
US63-5725038
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1930
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Dean Chocolate LLC
Entity
Mailing address
496 HANCOCK ST, BROOKLYN, NY 11233-1017
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$3,750,000
Dean Chocolate LLC
Vaughn Anthony JR
Deed
$2,500,000 · 972-974 Dean Funding LLC
Jun 1, 2023
—
9k Group, LLC
—
Deed
related
$870,000 · 972 Dean Street Funding Associates
Feb 1, 2021
—
9k Group, LLC
Oswald Jeffers
Deed
$2,300,000 · 972 Dean Street Funding LLC
May 21, 2008
$1,000
Oswald Jeffers
Tamjkim Canchris LLC
Grant Deed
—
Oct 16, 1998
$190,000
Tamjkim Canchris LLC
Shamie,louis
Grant Deed
$140,000 · Seller
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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