Financial
Distress signals
Property profile

242 2nd St New York, NY 10009

OFF-MARKET
Retail residential properties
Property ID
US63-1824095
34,821 SF 0.18 ac lot Built 2005
Last sale Sep 2023 · $3,652,183
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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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?
$26k
Tax billed · 2024
Assessed value$1.21M
Assessed land$743k
Assessed improvement$467k
Effective rate2.13%

Value estimate

· Sep 2026
$3.47M
$3.12M – $3.82M
AI approach$3.39M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$632/SF
ZIP average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$340 – $917
Qualifying comparables6

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?
R8B
In R8B Districts, within the boundaries of Community District 8 in the Borough of Manhattan, the maximum floor area ratio on a zoning lot...
General categoryRESIDENTIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.9
Assisted Living Facility21.7
Nursing Home20.5

Location

242 2nd St New York, NY 10009-8127
County assessor Recorded deeds · 5 transfers 6 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
24 Ave B, New York, NY 10009 $43,000,000 Apr 2024 77,000 SF
170-172 2nd, New York, NY 10009 $21,990,000 Feb 2024 17,664 SF
11 Ave C, New York, NY 10009 $14,350,000 Jan 2024 49,974 SF
508 12th, New York, NY 10009-3812 $19,500,000 Nov 2023 15,428 SF
504 12th, New York, NY 10009-3807 $19,500,000 Nov 2023 15,428 SF
213-215 4th, New York, NY 10009 $10,950,000 Oct 2022 18,781 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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