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Property profile & analytics
OFF-MARKET
Schools
115 15th St, New York, NY 10003-2101
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-2645011
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1930
Total area
15,409 SF
Lot
0.12 ac (5,163 SF)
Zoning code
C62A
APN
00871-0012
UPID
US63-2645011
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
-
Young Actors at Strasberg Theater & Performing Art Venue Vocational School
-
Sue Coe Designs Marketing & Advertising Advertising Agency
-
Lee Strasberg Theatre & Film Institute Theater & Performing Art Venue Vocational School
-
Sacred Garden Collective Dispensary Medical Supply Store Cannabis Store
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
Lsasad LLC · 13 yrs held
Lsasad LLC
since 2013
7 recorded transactions
Zoning & alternative use
C62A · 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
$149,875
Tax year 2024
Assessed value
$1,414,980
Assessed 2024
Previous assessed
$1,419,030
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$492,750
Assessed improvement
$922,230
Land market value
$1,095,000
Improvement market value
$2,183,000
Total market value
$3,278,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
15,409 SF
Lot
0.12 ac (5,163 SF)
Zoning code
C62A
APN
00871-0012
UPID
US63-2645011
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · 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
1930
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lsasad LLC
Entity
Mailing address
115 E 15TH ST, NEW YORK, NY 10003-2101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Lsasad, LLC
—
Deed
related
$8,211,702 · Rga Reinsurance Company
Aug 19, 2020
—
Lsasad LLC
—
Deed
related
$7,500,000 · Miscellaneous Ins Co
Feb 26, 2013
—
Lsasad LLC
Lsasad LLC
Quit Claim Deed
$6,600,000 · First Republic Bank
Jul 29, 2008
—
Lsasmm LLC
Lee Strasberg Theatrical Inst
Loan Modification
related
$7,000,000 · Gotham Bk
—
—
Strasberg Theatrical Inst Lee
—
Deed Of Trust
related
$1,000,000 · City National Bank
—
—
Strasberg Theatrical Inst Lee
—
Deed Of Trust
related
$3,325,000 · City National Bank
—
—
Lsasad LLC
—
Loan Modification
related
$7,500,000 · Miscellaneous Ins Co
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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