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Property profile & analytics
OFF-MARKET
Estimated value
$1,417,565,000
Office buildings
1111 Ave Of The Americas New York, NY 10036
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-1583680
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
2,245,112 SF
Lot
2.02 ac (87,861 SF)
Zoning code
C6-6
APN
00995-0033
UPID
US63-1583680
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42B
Owner & transaction history
1 Bryant Park LLC · 22 yrs held
1 Bryant Park LLC
since 2004
7 recorded transactions
Zoning & alternative use
C6-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2,086.0M
+45.5%
Commercial (general)
$1,976.6M
+37.8%
Warehouse, storage
$1,834.6M
+27.9%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,434,090,000
Current use
INDUSTRIAL (GENERAL)
$2,086,045,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,976,550,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$1,834,640,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,214,810,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.42B
Range $1.28B – $1.56B · ±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
$631 / 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
Assessed value
$670,526,910
Assessed 2024
Previous assessed
$674,042,400
-0.5% YoY
Assessed land
$98,915,400
Assessed improvement
$571,611,510
Land market value
$219,812,000
Improvement market value
$1,472,033,000
Total market value
$1,691,845,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
55
Units
48
Total area
2,245,112 SF
Lot
2.02 ac (87,861 SF)
Zoning code
C6-6
APN
00995-0033
UPID
US63-1583680
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NY
Zoning C6-6 · permitted uses
C6-6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1,434.1M
INDUSTRIAL (GENERAL)
Est. value
$2,086.0M
COMMERCIAL (GENERAL)
Est. value
$1,976.6M
WAREHOUSE, STORAGE
Est. value
$1,834.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1,214.8M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
55
Buildings
1
Units
48
Lot
2.02 ac
Current owner
From public records · entity-resolved
1 Bryant Park LLC
Entity
Mailing address
1 BRYANT PARK FL #48, NEW YORK, NY 10036-6741
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
—
One Bryant Park LLC
—
Grant Deed
related
$300,000,000 · Bank Of America
Jul 22, 2010
—
One Bryant Park LLC
—
Deed Of Trust
related
$1,300,000,000 · Citibank NA
Jul 8, 2009
—
1 Bryant Park LLC
—
Trustees Deed
related
$650,000 · Us Bank NA (te)
Jan 6, 2004
$44,500,000
1 Bryant Park LLC
Triline Trading INC
Grant Deed
related
—
—
—
Bk NA Us
—
Deed Of Trust
related
—
—
—
Triline Trading INC
—
Deed Of Trust
related
$300,001 · Safra National Bank New York
—
—
One Bryant Park LLC
—
Deed Of Trust
related
—
—
—
One Bryant Park LLC
—
Loan Modification
related
$1,600,000,000 · Citibank
—
—
1 Bryant Park LLC
—
Deed Of Trust
related
$650,000 · Empire State Development Corp
—
—
1 Bryant Park LLC
—
Deed Of Trust
related
$25,000,000 · Bank Of America
—
—
New York City Transit Auth
—
Deed Of Trust
related
—
—
—
Citibank NA
—
Deed Of Trust
related
—
—
—
Bk NA Us
—
Deed Of Trust
related
—
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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