Financial
Distress signals
Property profile

398 3rd Ave New York, NY 10016

OFF-MARKET
Retail residential properties
Property ID
US63-2506885
12,595 SF 0.07 ac lot Built 1900
Last sale Apr 2024 · $8,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A renovated one-bedroom apartment located in Kips Bay within a maintained walk-up building that is pet-friendly. The unit features hardwood floors and high ceilings, with a modern kitchen that includes marble countertops and stainless steel appliances, including a dishwasher. It has an air conditioning unit and an in-unit washer and dryer, and the bathroom is equipped with a bathtub. The apartment is approximately two blocks from the train station, providing access to public transportation, and

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?
$171k
Tax billed · 2024
Assessed value$1.37M
Assessed land$180k
Assessed improvement$1.19M
Effective rate12.50%

Value estimate

· Sep 2026
$8.00M
$7.20M – $8.80M
AI approach$8.00M
CAP approach$6.18M
Sales comparison$7.02M

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$687/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$271 – $1,077
Qualifying comparables20

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?
C2-8
This district is designed to provide for local shopping and include a wide range of retail stores and personal service establishments whi...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Buffet
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Buffet7.1
Butcher3.2
Pet Grooming Service3.0

Location

398 3rd Ave New York, NY 10016-8130
County assessor Recorded deeds · 9 transfers 20 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
386 3rd, New York, NY 10016-9007 $12,000,000 May 2024 8,295 SF
579 3rd, New York, NY 10016 $33,100,000 Jan 2024 17,659 SF
240 28th, New York, NY 10016-8579 $12,000,000 May 2023 17,569 SF
419 3rd, New York, NY 10016-8183 $25,000,000 Feb 2022 12,230 SF
423 3rd, New York, NY 10016-8150 $25,000,000 Feb 2022 9,358 SF
212 29th, New York, NY 10016-8533 $6,150,000 Jan 2022 9,460 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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