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Property profile & analytics
OFF-MARKET
Estimated value
$9,235,000
Flex space
11 Madison Ave Bsmt 1b, New York, NY 10010-3629
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1519038
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
69,500 SF
Lot
1.93 ac (83,984 SF)
Zoning code
C5-3
APN
00854-1002
UPID
US63-1519038
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
-
Fitness Club At 11 Ave Gym & Fitness Center
-
Added Value USA Advertising Agency Marketing & Advertising
-
All Global Ltd Advertising Agency Marketing & Advertising
-
Algorithmics An IBM Co (Bike/Boat/Book/etc) Store Corporate Office
-
Cushman & Wakefield Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.85M
Blend (final)
Blend
$9.24M
Owner & transaction history
Credit Suisse (usa) LLC · 1 yrs held
Credit Suisse (usa) LLC
since 2024
7 recorded transactions
Zoning & alternative use
C5-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.24M
Range $8.31M – $10.16M · ±10%
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
$133 / 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
$1,386,803
Tax year 2024
Assessed value
$13,092,930
Assessed 2024
Previous assessed
$11,811,237
+10.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,446,436
Assessed improvement
$10,646,494
Land market value
$5,436,525
Improvement market value
$28,774,476
Total market value
$34,211,001
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
NONE
Buildings
1
Stories
30
Units
1
Total area
69,500 SF
Lot
1.93 ac (83,984 SF)
Zoning code
C5-3
APN
00854-1002
UPID
US63-1519038
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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
Heating
NONE
Stories
30
Buildings
1
Units
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Credit Suisse (usa) LLC
Entity
Mailing address
420 LEXINGTON AVE, NEW YORK, NY 10170-0002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
—
11 Madison Avenue Owner LLC
—
Deed
related
$325,000,000 · Bank Of America, N.a.
Jul 17, 2024
—
Credit Suisse (usa) LLC
Credit Suisse (usa), INC.
Deed
—
Jun 12, 2019
—
11 Madison Avenue Owner LLC
New York City Indl Dev Agcy
Correction Deed
related
—
Sep 1, 2015
$245,311,708
11 Madison Avenue Owner LLC
11 Madison Avenue LLC
Grant Deed
related
—
Sep 1, 2015
$271,258,138
11 Madison Avenue Owner 4 LLC
11 Madison Avenue LLC
Grant Deed
related
—
Sep 1, 2015
$417,501,656
11 Madison Avenue Owner 5 LLC
11 Madison Avenue LLC
Grant Deed
related
—
Sep 1, 2015
$471,753,283
11 Madison Avenue Owner 2 LLC
11 Madison Avenue LLC
Grant Deed
related
—
Sep 1, 2015
$412,784,123
11 Madison Avenue Owner 3 LLC
11 Madison Avenue LLC
Grant Deed
related
—
Sep 1, 2015
$540,157,509
11 Madison Avenue Owner 6 LLC
11 Madison Avenue LLC
Trustees Deed
related
$269,000,000 · German American Cap
Dec 28, 2006
—
11 Madison Avenue LLC
—
Deed Of Trust
related
$806,000,000 · Column Financial INC
Feb 18, 2004
—
11 Madison Ave LLC
Metropolitan Life Insurance
Grant Deed
related
—
—
—
11 Madison Avenue Owner LLC
—
Loan Modification, Consolidation And Extension
related
$1,075,000,000 · German American Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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