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Property profile & analytics
OFF-MARKET
Estimated value
$5,170,000
Retail space
1 Hanover Sq New York, NY 10004-2601
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2210508
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
24,496 SF
Zoning code
C5-5
APN
00029-1101
UPID
US63-2210508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
One Hanover Corporate Office
-
Japan US Business Link Translator
-
J’NN Carpet Cleaning Services LLC. Carpet Cleaning Service
-
The New York Cotton Exchange Tour Operator
-
Szekely Engnrng Engineering Consultant Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.17M
Owner & transaction history
Mtp-one Hanover Square Propco LLC · 4 yrs held
Mtp-one Hanover Square Propco LLC
since 2022
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
C5-5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,430,000
ML approach
$4,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.17M
Range $4.65M – $5.69M · ±10% · vs last sale $5.90M (Mar 28 2022)
Last sale anchor
$5.90M
Mar 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$211 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$362,027
Tax year 2024
Assessed value
$3,417,930
Assessed 2024
Previous assessed
$3,429,941
-0.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$493,216
Assessed improvement
$2,924,714
Land market value
$1,096,035
Improvement market value
$7,192,085
Total market value
$8,288,120
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
24,496 SF
Zoning code
C5-5
APN
00029-1101
UPID
US63-2210508
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Mtp-one Hanover Square Propco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
130 W 42ND ST FL #22, NEW YORK, NY 10036-7905
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
Mtp - One Hanover Square Propco, Ll
—
Deed
related
$2,219,618 · Security Bank Of Kansas City
Mar 28, 2022
$5,900,000
Mtp-one Hanover Square Propco LLC
India House, INC.
Deed
—
Mar 28, 2022
—
India House, INC.
India House, INC.
Deed
related
—
Sep 18, 2019
—
India House INC
—
Deed
related
$475,000 · New York Busn Dev
Aug 1, 2017
—
India House INC
—
Deed
related
$350,000 · New York Busn Dev
—
—
India House INC
—
Deed Of Trust
related
$475,000 · New York Busn Dev
—
—
India House INC
—
Deed Of Trust
related
$350,000 · New York Busn Dev
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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