Financial
Distress signals
Property profile

389 2nd Ave New York, NY 10010

OFF-MARKET
Retail residential properties
Property ID
US63-3751046
3,980 SF 0.04 ac lot Built 1910
Last sale Jan 2024 · $3,565,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a third-floor one-bedroom residence located at 389 2nd Avenue within a walk-up building. The unit features a fully renovated interior with contemporary finishes, updated kitchen appliances, and an in-unit washer and dryer. Western exposure provides natural light to the living area. The building is situated a few blocks from Union Square, with nearby shopping and dining options and access to major public transportation throughout New York City.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$105k
Tax billed · 2024
Assessed value$837k
Assessed land$267k
Assessed improvement$570k
Effective rate12.50%

Value estimate

· Sep 2026
$3.57M
$3.21M – $3.92M
AI approach$3.57M
Sales comparison$4.35M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$725/SF
Submarket average, outlier-cleaned · 1320 recorded sales of this use type
Observed band · Q1–Q3$337 – $1,205
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C19A
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.2
Buffet6.4
Nursing Home6.4

Location

389 2nd Ave New York, NY 10010-4684
County assessor Recorded deeds · 2 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
266-270 3rd, New York, NY 10010 $5,300,000 Jun 2024 6,480 SF
254 3rd, New York, NY 10010-7435 $15,000,000 Mar 2024 2,691 SF
913 Broadway, New York, NY 10010-7106 $7,500,000 Nov 2022 4,674 SF
42 21st, New York, NY 10010-7216 $17,056,935 Jan 2021 6,675 SF
46 21st, New York, NY 10010-7221 $17,056,935 Jan 2021 7,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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