Realmo Analytics

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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 consists of approximately 1,000 square feet of ground-floor retail space with an additional usable basement level. It is located on the Second Avenue corridor in the Gramercy Park area. The configuration is suitable for retail-oriented uses, including potential café, restaurant, bar, or service concepts, subject to tenant-specific buildout requirements and applicable licensing, code, and use-approval processes. Prior records indicate that the basement contains approximately 625 square feet in addition to the ground-floor area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026
$3.57M
$3.21M – $3.92M
AI approach$3.57M
Submarket $/SF estimate$4.35M

Realmo valuation models over county records and 5 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 comparables5

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 5 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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