Entity Owned Property summary
AI-generated overview
This exceptional retail opportunity is located at 10 5th Avenue in New York City's vibrant New York County, zip code 10011. The entire 3,300 square foot building is currently vacant and available for lease, offering a unique chance to establish a flagship location or expand an existing business. The property is classified as retail commercial space and allows for multiple tenancies. Flexible lease terms are available to accommodate various business needs. The space is divisible, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 2,300 square feet, providing options for businesses of different sizes. This prime location offers unparalleled visibility and foot traffic, making it an ideal space for a wide range of retail ventures. The property's address is 10 5th Ave, New York, NY 10011. Its strategic location within New York County ensures easy access to public transportation and a diverse customer base. This is a rare opportunity to secure a prominent retail space in one of Manhattan's most sought-after neighborhoods. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1880
Total area
12,648 SF
Lot
0.07 ac (2,850 SF)
Zoning code
R10
APN
00572-0044
UPID
US63-1445864
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Shipping Company Freight Service
-
Medical Clinic
-
Physician
-
Bar & Pub
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.20M
Owner & transaction history
since 2021
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
R10 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.20M
Value range
$10.98M – $13.41M
±10% around blend
Estimated value / SF
$964 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$10.98M
blend $12.20M
$13.41M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,648 SF
Lot area
0.07 ac
Year built
1880
Stories
4
APN
00572-0044
Zoning
R10
Assessed value
$2,934,060
Annual tax
$324,446
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$20.63M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 15,586 SF
0.5 mi away · 9,634 SF
0.6 mi away · 8,899 SF
0.6 mi away · 14,982 SF
0.6 mi away · 11,875 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 74 sales
$1,167
-17%
Submarket 1320 sales
$725
+33%
County 1319 sales
$722
+34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $964/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
2.70%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$1.05M *
Last sale · Dec 2021
$15.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$38.89M
Move the market yield to see immediate price impact.
Value / SF
$3,075
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.20%2.70%3.20%
$945k
$42.95M
$35.00M
$29.53M
$1.05M
$47.73M
$38.89M
$32.81M
$1.16M
$52.50M
$42.78M
$36.09M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$1.64M
0.3 mi · Dec 2025 · $163/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$324,446
Tax year 2024
Assessed value
$2,934,060
Assessed 2024
Previous assessed
$3,357,900
-12.6% YoY
Effective rate
11.06%
On assessed value
Assessed land
$405,000
Assessed improvement
$2,529,060
Land market value
$900,000
Improvement market value
$4,867,000
Total market value
$5,767,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1880
Heating
NONE
Buildings
1
Stories
4
Units
17
Total area
12,648 SF
Lot
0.07 ac (2,850 SF)
Zoning code
R10
APN
00572-0044
UPID
US63-1445864
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10 · New York, NYZoning R10 · permitted uses
R10 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Heating
NONE
Stories
4
Buildings
1
Units
17
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R10
Jurisdiction
New York, NY
Recorded code
R10
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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