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Property profile & analytics
OFF-MARKET
Hotels
98 Montague St 224, Brooklyn, NY 11201-3403
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3231102
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1912
Total area
187,200 SF
Lot
0.36 ac (15,600 SF)
Zoning code
R6
APN
00248-0015
UPID
US63-3231102
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
-
Bossert Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bossert Propco, LLC · 1 yrs held
Bossert Propco, LLC
since 2025
Last sale
$100.0M
7 recorded transactions
Zoning & alternative use
R6 · 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
—
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
$2,399,882
Tax year 2024
Assessed value
$22,657,500
Assessed 2024
Previous assessed
$23,683,050
-4.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$19,057,500
Land market value
$8,000,000
Improvement market value
$42,350,000
Total market value
$50,350,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1912
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
187,200 SF
Lot
0.36 ac (15,600 SF)
Zoning code
R6
APN
00248-0015
UPID
US63-3231102
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NY
Zoning R6 · permitted uses
R6 · 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
1912
Heating
NONE
Stories
12
Buildings
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bossert Propco, LLC
Entity
Mailing address
512 FASHION AVE FL #16, NEW YORK, NY 10018-4607
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$100,000,000
Bossert Propco, LLC
Bp Holdings Goldenrod LLC
Deed
$71,010,778 · Bellwether Asset Services LLC
May 21, 2025
$1,014,686
Bp Holdings Goldenrod LLC
98 Montague LLC
Deed
—
Nov 29, 2019
—
98 Montague LLC
—
Loan Modification
related
$112,000,000 · Cantor Com'l R/e Lndg
Apr 4, 2019
—
98 Montague LLC
Cf Bossert 26 LLC
Correction Deed
—
Mar 24, 2015
—
Cf Bossert 26 LLC|db Bossert LLC
—
Grant Deed
related
$25,000,000 · New York Cmnty Bk
Nov 16, 2012
$81,000,000
Db Bossert LLC
Watchtower Bible & Tract Socie
Deed Of Trust
$60,000,000 · New York Community Bank
—
—
98 Montague LLC
—
Deed Of Trust
related
$27,200,000 · Cantor Com'l R/e Lndg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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