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Property profile & analytics
OFF-MARKET
Banks
12 32nd St, New York, NY 10016-5419
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1572145
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1912
Total area
18,418 SF
Lot
0.05 ac (2,173 SF)
Zoning code
C5-2
APN
00861-0069
UPID
US63-1572145
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
-
Bertolini Architectural Works, D.P.C. Architect
-
Tony K. Tran, DC Alternative Medicine Practice
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Hangawi Restaurant
-
Sookwook Lee MD Pediatrician Physician
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emlan events Event Planning Wedding Service
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
Paris Forino Holdings, LLC · 1 yrs held
Paris Forino Holdings, LLC
since 2024
7 recorded transactions
Zoning & alternative use
C5-2 · 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
—
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
$136,171
Tax year 2024
Assessed value
$1,285,600
Assessed 2024
Previous assessed
$1,391,790
-7.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$450,000
Assessed improvement
$835,600
Land market value
$1,000,000
Improvement market value
$1,868,000
Total market value
$2,868,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1912
Heating
NONE
Buildings
1
Stories
8
Units
10
Total area
18,418 SF
Lot
0.05 ac (2,173 SF)
Zoning code
C5-2
APN
00861-0069
UPID
US63-1572145
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-2 · New York, NY
Zoning C5-2 · permitted uses
C5-2 · 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
1912
Heating
NONE
Stories
8
Buildings
1
Units
10
Lot
0.05 ac
Current owner
From public records · entity-resolved
Paris Forino Holdings, LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12 E 32ND ST, NEW YORK, NY 10016-5419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 26, 2024
$1,570,000
Paris Forino Holdings, LLC
Chamber Music America, INC.
Deed
—
Oct 25, 2024
—
Paris Forino Holdings LLC
—
Deed
related
—
Jul 5, 2023
—
12 W. 32nd St. Tenants Corp.
—
Deed
related
$445,385 · M&t Bank
Mar 20, 2017
—
Hole In One Associates LLC
—
Deed
related
$3,800,000 · Capital One NA
Jul 23, 2008
—
Re Inv Fund V Apollo
—
Deed Of Trust
related
$17,139,852 · Wachovia Bank NA
—
—
Hole In One Associates LLC
—
Deed Of Trust
related
$1,835,470 · Capital One
—
—
Hole In One Associates LLC
—
Loan Modification
related
$3,750,000 · Capital One
—
—
Hole In One Associates LLC
—
Loan Modification, Consolidation And Extension
related
$3,800,000 · Capital One NA
—
—
Hole In One Associates LLC
—
Deed Of Trust
related
$921,378 · Capital One
—
—
Hole In One Associates LLC
—
Deed Of Trust
related
$2,000,000 · Capital One
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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