Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Retail residential properties
112 116th St New York, NY 10026-2520
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2606500
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
13,800 SF
Lot
0.09 ac (4,037 SF)
Zoning code
R7-2
APN
01825-0041
UPID
US63-2606500
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
-
Red Star Restaurant
-
Memo's Tattoos Tattoo & Piercing Shop
-
Jimbos Hamburger Restaurant
-
Jumbo Hamburgers Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
$6.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
Food Police LLC · 4 yrs held
Food Police LLC
since 2022
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
R7-2 · 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
$4,680,000
ML approach
$4,710,000
CAP Approach
CAP Return
Estimation
6%
$7,330,000
6.5%
$6,765,000
7%
$6,285,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,815,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±10% · vs last sale $5.70M (Feb 1 2022)
Last sale anchor
$5.70M
Feb 1 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
$339 / 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
$155,147
Tax year 2024
Assessed value
$1,430,460
Assessed 2024
Previous assessed
$1,420,290
+0.7% YoY
Effective rate
10.85%
On assessed value
Assessed land
$100,800
Assessed improvement
$1,329,660
Land market value
$224,000
Improvement market value
$3,096,000
Total market value
$3,320,000
Applied tax rate
2.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
18
Total area
13,800 SF
Lot
0.09 ac (4,037 SF)
Zoning code
R7-2
APN
01825-0041
UPID
US63-2606500
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NYZoning R7-2 · permitted uses
R7-2 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$8.8M
OFFICE BUILDING
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
1910
Heating
NONE
Stories
5
Buildings
1
Units
18
Lot
0.09 ac
Current owner
From public records · entity-resolved
Food Police LLC
Entity
Mailing address
3123 12TH ST, LONG ISLAND CITY, NY 11106-4801
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Food Police LLC
Food Police, LLC
Deed
—
Feb 1, 2022
$5,700,000
West 116 Street LLC
Food Police LLC
Deed
$1,412,536 · New York Community Bank
Feb 27, 2004
$955,000
Food Police LLC
Mt Bethel Baptist Church INC
Grant Deed
—
Feb 21, 2004
—
Food Police LLC
Paper Clip Intl LLC
Grant Deed
related
—
—
—
Food Police LLC
—
Deed Of Trust
related
$2,700,000 · New York Community Bank
—
—
Paper Police LLC
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · New York Cmnty Bk
—
—
Food Police LLC
—
Deed Of Trust
related
$1,960,720 · New York Community Bank
—
—
Food Police LLC
—
Deed Of Trust
related
$750,000 · Intervest Mortgage Co LLC
—
—
Food Police LLC
—
Deed Of Trust
related
$372,156 · New York Community Bank
—
—
Food Police LLC
—
Deed Of Trust
related
$3,000,000 · New York Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 112 116th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
