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Property profile & analytics
OFF-MARKET
Estimated value
$6,080,000
Office buildings
115-119 40th St New York, NY 10018
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-2042518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1915
Total area
304,345 SF
Lot
0.32 ac (13,800 SF)
Zoning code
C52.5
APN
00993-0022
UPID
US63-2042518
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
$6.25M
Blend (final)
Blend
$6.08M
Owner & transaction history
114 W 41 Owner Bh LLC
114 W 41 Owner Bh LLC
since 2025
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
C52.5 · 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
$6.08M
Range $5.47M – $6.69M · ±10% · vs last sale $6.00M (Dec 12 2025)
Last sale anchor
$6.00M
Dec 12 2025
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
$20 / 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
$4,533,841
Tax year 2024
Assessed value
$42,804,388
Assessed 2024
Previous assessed
$41,043,390
+4.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$6,525,000
Assessed improvement
$36,279,388
Land market value
$14,500,000
Improvement market value
$91,177,000
Total market value
$105,677,000
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
1915
Heating
NONE
Buildings
1
Stories
22
Units
79
Total area
304,345 SF
Lot
0.32 ac (13,800 SF)
Zoning code
C52.5
APN
00993-0022
UPID
US63-2042518
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NY
Zoning C52.5 · permitted uses
C52.5 · 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
1915
Heating
NONE
Stories
22
Buildings
1
Units
79
Lot
0.32 ac
Current owner
From public records · entity-resolved
114 W 41 Owner Bh LLC
Entity
Mailing address
230 PARK AVE FL #12, NEW YORK, NY 10169-0009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 12, 2025
$6,000,000
114 W 41 Owner Bh LLC
75 Maiden Pw LLC
Deed
$25,000,000 · Metlife Real Estate Lending LLC
Dec 3, 2025
$133,000,000
114 W 41 Owner Bh LLC
Columbia New York 41st Street Offic
Deed
$1,000,000 · Metlife Real Estate Lending LLC
Dec 18, 2018
$282,000,000
Columbia New York 41st Street
Bre 114 West 41st Street LLC
Grant Deed
$1,000,000 · Metlife R/e Lndg LLC
Jan 14, 2015
$160,800,000
Bre 114 West 41st Street LLC
Charney-fpg 114 41st Street Ll
Grant Deed
—
Jan 14, 2015
—
Bre 114 West 41st Street LLC
—
Loan Modification
related
$140,000,000 · German Am Cap
Sep 18, 2007
—
Charney-fpg 114 41st St LLC
—
Deed Of Trust
related
$160,000,000 · Greenwich Capital Fin'l INC
Jul 16, 2007
$161,950,000
Charney-fpg 114 41st Street Ll
40 Western Scholars LLC
Grant Deed
—
May 18, 2006
$100,000,000
40 Western Scholars LLC
Cousins Team III LLC
Deed
$26,413,273 · Morgan Stanley Credit Corp
—
—
Spot & Co Of Manhattan INC
—
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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