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Property profile & analytics
OFF-MARKET
Estimated value
$42,000,000
Retail residential properties
113 117th St, New York, NY 10026-2295
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2056148
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1976
Total area
162,530 SF
Lot
1.12 ac (48,918 SF)
Zoning code
R7-2
APN
01601-0027
UPID
US63-2056148
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
-
St. Paul & Holy Rosary Roman Catholic Church Church
-
Casa Mexico Inc. Association / Organization
-
St. Patrick's Retreat Center Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.00M
Owner & transaction history
Hope West 118th Street Housing Comp · 11 yrs held
Hope West 118th Street Housing Comp
since 2014
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$258 / 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
$5,340,240
Assessed 2024
Previous assessed
$5,555,700
-3.9% YoY
Assessed land
$589,500
Assessed improvement
$4,750,740
Land market value
$1,310,000
Improvement market value
$8,505,000
Total market value
$9,815,000
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
1976
Heating
NONE
Buildings
1
Stories
21
Units
148
Total area
162,530 SF
Lot
1.12 ac (48,918 SF)
Zoning code
R7-2
APN
01601-0027
UPID
US63-2056148
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning 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
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
21
Buildings
1
Units
148
Lot
1.12 ac
Current owner
From public records · entity-resolved
Hope West 118th Street Housing Comp
Individual
Mailing address
174 E 104TH ST, NEW YORK, NY 10029-4916
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
—
Hope Canaan 118 LLC
—
Deed
related
—
Feb 28, 2018
—
Hope Canaan 118 LLC
—
Deed
related
$146,000 · Hope Community INC
Jan 23, 2018
—
Hope Canaan 118 LLC
—
Deed
related
$381,000 · New York State Housing Finance Agency
Dec 30, 2014
$18,272,800
Hope West 118th Street Housing Comp
Canaan Hope Associates, L P
Deed
$19,215,000 · New York State Housing Finance Agen
—
—
Hope Canaan 118 LLC
—
Loan Modification
related
—
—
—
Harlem Canaan House INC
—
Deed Of Trust
related
—
—
—
Harlem Canaan House INC
—
Deed Of Trust
related
$2,415,000 · Empire State Development Corp
—
—
Hope Canaan 118 LLC
—
Deed Of Trust
related
$146,000 · Hope Community INC
—
—
Senior Life Archcare
—
Deed Of Trust
related
$4,200,000 · Primary Care Dev Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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