Financial
Distress signals
Property profile

245 50th Stprof New York, NY 10022

OFF-MARKET
Flex space
Property ID
US63-3878966
2,500 SF 0.08 ac lot Built 1980
Last sale Aug 2022 · $1,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

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?
$38k
Tax billed · 2024
Assessed value$359k
Assessed land$158k
Assessed improvement$202k
Effective rate10.59%

Value estimate

· Sep 2026
$1.32M
$1.18M – $1.45M
AI approach$1.24M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$10,251/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$1,230 – $13,906
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?
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: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher11.5
Laundromat9.8
Auto Parts Store7.9

Location

245 50th Stprof New York, NY 10022-7752
County assessor Recorded deeds · 4 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
55 59th, New York, NY 10022-1112 $5,500,000 Feb 2026 2,658 SF
432 Park, New York, NY 10022-3534 $450,000 Jan 2026 496 SF
148-150 55th, New York, NY 10022 $1,055,000 Feb 2024 2,388 SF
150 56th, New York, NY 10022-3632 $430,000 Dec 2023 513 SF
230 52nd, New York, NY 10022-6208 $455,000 Apr 2022 452 SF
140 56th, New York, NY 10022-3624 $890,000 Sep 2019 672 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 245 50th Stprof?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message