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Property profile & analytics
OFF-MARKET
Office buildings
113 Spg St New York, NY 10012-5210
Individually Owned
Free & Clear
Property ID
US63-6236558
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Total area
16,298 SF
Lot
0.09 ac (3,750 SF)
Zoning code
M15R7X
APN
00499-0039
UPID
US63-6236558
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
-
Black Hole Marketing & Advertising (Bike/Boat/Book/etc) Store
-
SoHo Cast Iron Historic District Tour Operator
-
Bontouch, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Jumo Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Soho Retail Portfolio 113 Spring St
Soho Retail Portfolio 113 Spring St
since 2026
Last sale
$42.8M
6 recorded transactions
Zoning & alternative use
M15R7X · 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
—
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
$509,719
Tax year 2024
Assessed value
$5,090,450
Assessed 2024
Previous assessed
$4,719,150
+7.9% YoY
Effective rate
10.01%
On assessed value
Assessed land
$900,000
Assessed improvement
$4,190,450
Land market value
$2,000,000
Improvement market value
$8,694,000
Total market value
$10,694,000
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
1920
Heating
NONE
Buildings
1
Stories
5
Units
6
Total area
16,298 SF
Lot
0.09 ac (3,750 SF)
Zoning code
M15R7X
APN
00499-0039
UPID
US63-6236558
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R7X · New York, NY
Zoning M15R7X · permitted uses
M15R7X · 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
1920
Heating
NONE
Stories
5
Buildings
1
Units
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
Soho Retail Portfolio 113 Spring St
Individual
Free & Clear · 0 yrs held
Mailing address
113 SPG ST, NEW YORK, NY 10012-5210
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
$42,750,000
Soho Retail Portfolio 113 Spring St
Ppf Rtl 113 Spring Street, LLC
Deed
—
Aug 21, 2015
$68,000,000
Ppf Rtl 113 Spring Street LLC
113 Spring Owners LLC
Deed
—
Nov 15, 2012
$32,500,000
113 Spring Owners LLC
Willcity Holdings LLC
Deed
$4,300,000 · Safra National Bank Of New York
Nov 15, 2012
—
113 Spring Owners LLC
—
Grant Deed
related
$20,000,000 · Safra National Bank New York
Dec 9, 2008
$23,850,000
Willcity Holdings LLC
New Spring Co LLC
Grant Deed
—
—
—
Willcity Holdings LLC
—
Deed Of Trust
related
$15,700,000 · Allied Irish Banks
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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