1059 3rd Ave 1 New York, NY 10065-7608
Entity Owned
3-yr Hold
Free & Clear
Estimated value (blended)
$440k
Range $396k – $484k (±10%)
Property ID
US63-0302188
Property summary
AI-generated overview
The Leyton Medical at 1059 3rd Avenue offers exceptional medical office space in a prime Upper East Side location (Lenox Hill submarket), between 62nd and 63rd Streets. This new 2022 construction, mixed-use luxury building provides a dedicated medical lobby, two high-speed elevators, and ample parking nearby. The building boasts 17,641 square feet of total space, with flexible floor plans ranging from 1,944 to 17,641 contiguous square feet. Individual floors (approximately 5,555 square feet each) or portions thereof are available for lease. The landlord is prepared to deliver full or partial floor pre-builds to suit tenant needs. Each floor features floor-to-ceiling windows overlooking Third Avenue, two restrooms, and a tenant-controlled VRF HVAC system (14-ton cooling, 1000 CFM). Ceiling heights are 16' 8" (slab-to-slab). Floor loads vary by floor: 2nd and 3rd floors are 45 psf SDL, 50 psf LL
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2017
Total area
4,222 SF
Lot
0.12 ac (5,250 SF)
Zoning code
C1-9
APN
01417-1102
UPID
US63-0302188
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
-
Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$440k
Owner & transaction history
since 2023
1 recorded transaction
Zoning & alternative use
C1-9 · 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$440k
Value range
$396k – $484k
±10% around blend
Estimated value / SF
$104 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$396k
blend $440k
$484k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,222 SF
Lot area
0.12 ac
Year built
2017
Stories
30
APN
01417-1102
Assessed value
$1,074,288
Annual tax
$113,789
3
Income approach: direct capitalization
Partial preview
Income approach indication
$945k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.02M
@ 6.5% CAP return
$945k
@ 7% CAP return
$875k
4
Sales comparison
Partial preview
Sales approach indication
$1.64M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.4 mi away · 4,094 SF
8.4 mi away · 3,800 SF
8.7 mi away · 3,812 SF
8.7 mi away · 3,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$440k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 496 sales
$2,068
-95%
County 496 sales
$2,068
-95%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $104/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.07M
Move the market yield to see immediate price impact.
Value / SF
$254
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
5.00%7.00%9.00%
$68k
$1.35M
$967k
$752k
$75k
$1.50M
$1.07M
$836k
$83k
$1.65M
$1.18M
$919k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.35M
7.5 mi · Dec 2025 · $270/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$113,789
Tax year 2024
Assessed value
$1,074,288
Assessed 2024
Previous assessed
$1,074,288
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$109,038
Assessed improvement
$965,250
Land market value
$242,307
Improvement market value
$2,145,000
Total market value
$2,387,307
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2017
Buildings
1
Stories
30
Units
1
Total area
4,222 SF
Lot
0.12 ac (5,250 SF)
Zoning code
C1-9
APN
01417-1102
UPID
US63-0302188
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1-9 · New York, NYZoning C1-9 · permitted uses
C1-9 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2017
Stories
30
Buildings
1
Units
1
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1-9
Jurisdiction
New York, NY
Recorded code
C1-9
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.
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