Mimir
01Plays

48 ways a building makes or loses money — checked against the record.

An analyst holds maybe a dozen of these in their head and checks them one at a time against a county website. Mimir holds 48, scans them all at once, and tells you which the public record supports, which it contradicts, and which it simply cannot evidence.

48
plays in the catalog
across five clusters
31
upside plays
value-add and capital moves
17
downside plays
risks that kill a deal late
5
clusters covered
development to downside
02Evidence mode

Three honest answers, never a ranked list.

Every play resolves to one of three states: the record supports this condition, the record contradicts it, or there is not enough on file to say. That third state is the one no competitor will show you, and it is the most useful of the three — it tells you exactly where to go look.

  • No score, no ranking, no “top play” — those are recommendations, and we do not make them
  • Each state links to the filing that produced it
  • Hard blockers are dispositive: rent stabilisation kills a teardown regardless of the envelope
441 Vanderpool Street — PlaysEvidence modesynthetic
As-of-right enlargement (rooftop / rear addition)record supports
built FAR 1.84 of 4.00 max residential · 42,100 sf unbuilt envelopenyc_pluto
Ground-up redevelopment (teardown-and-rebuild)record contradicts
12 rent-stabilized units — HSTPA 2019, no as-of-right vacant possessionnyc_dhcr
Electric sub-metering conversionnot enough on file
no filed master-meter source on record — cannot be evidenced either way
Expiring 421-a abatement → carrying-cost step-uprecord supports
exemption on file with a scheduled burn-offnyc_dof
No ranking and no score. Each play states what the record supports, contradicts, or cannot evidence.
03Strategy mode

Projections exist — behind a wall, and labelled.

There is a second mode with ranked estimates: projected uplift, capex, timeline, confidence. It is genuinely useful for triage and it is model-derived, so it is badged as estimates and kept strictly separate. Projections never sit beside cited facts on the same surface, because a reader cannot tell them apart once they do.

  • Ranked estimates available, always badged
  • Every row expands to its assumptions
  • Never rendered alongside cited evidence
1220 Kestrel Avenue, Queens, NYsynthetic
Capital stackEst. value $18.4M
  • Senior mortgageMERIDIAN SAVINGS BANK$11.9M64%
  • MezzanineARDEN BRIDGE FUND II LP$2.2M12%
  • Mechanic’s lienNORTHGATE CONTRACTING$0.34M2%
  • Equity (implied)KESTREL 1220 LLC$3.96M22%
04The library

Five clusters, both directions.

11Development

Redevelopment, enlargement, air rights, assemblage, City of Yes unlocks, ADUs, office-to-residential conversion.

7Tax incentive

485-x, 467-m, J-51 R, ICAP, Opportunity Zones and the abatement programmes attached to them.

10Operational

Sub-metering, MCI and IAI recovery, vacancy lease-up, repositioning, Section 8 conversion, rooftop solar.

8Capital & debt

Proactive refinance, distressed acquisition, discounted payoff, debt assumption, rescue recapitalisation, ground-lease unbundling.

12Risk & downside

Abatement burn-off cliffs, the maturity wall, LL97 exposure, violation load, tax warrants, flood zone, rent-stabilisation income caps.

05In practice

What a play actually catches.

The valuable ones are rarely exotic. They are the condition that was true all along and nobody checked, in either direction.

Air-rights sale via zoning-lot mergerupside

A constrained building sells unused FAR to a neighbour who can actually build it.

Assemblage of adjacent underbuilt lotsupside

Adjacent parcels that only become a development site once you know one party controls them all.

Assumption of below-market debtupside

A low-coupon loan recorded years ago that is worth more than the building it sits on.

Abatement burn-off into refinance distressdownside

A tax step-up landing in the same window as a maturing loan.

Maturity-wall refinance gapdownside

Recorded debt coming due against a capital stack that will not clear at today’s rates.

Rent-stabilisation income capdownside

Upside that a spreadsheet models and HSTPA forbids.

Run the library against a building you know cold.

You will know within a minute whether the three states are telling the truth, because you already know the answer for that building.