Individually Owned Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1923
Total area
93,855 SF
Lot
1.24 ac (53,971 SF)
Zoning code
M1-1
APN
01739-0022
UPID
US63-2135041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.47M
Comparable Approach
Comparable
$25.00M
Blend (final)
Blend
$23.57M
Owner & transaction history
since 2023
Last sale
$22.9M
3 recorded transactions
Zoning & alternative use
M1-1 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$23.57M
Value range
$21.21M – $25.93M
±10% around blend
Estimated value / SF
$251 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$21.21M
blend $23.57M
$25.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
93,855 SF
Lot area
1.24 ac
Year built
1923
Stories
3
APN
01739-0022
Zoning
M1-1
Assessed value
$5,285,940
Annual tax
$559,887
3
Income approach: direct capitalization
Partial preview
Income approach indication
$25.47M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$27.59M
@ 6.5% CAP return
$25.47M
@ 7% CAP return
$23.65M
4
Sales comparison
Partial preview
Sales approach indication
$19.82M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.8 mi away · 72,248 SF
14.9 mi away · 86,926 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 49 sales
$817
-69%
County 49 sales
$817
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $251/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.60%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.60%
9.0%
NOI (est.)
$1.60M *
Last sale · Mar 2023
$22.85M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$21.05M
Move the market yield to see immediate price impact.
Value / SF
$224
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.10%7.60%8.10%
$1.44M
$20.28M
$18.94M
$17.77M
$1.60M
$22.53M
$21.05M
$19.75M
$1.76M
$24.78M
$23.15M
$21.72M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$21.70M
1.7 mi · Dec 2025 · $247/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$559,887
Tax year 2024
Assessed value
$5,285,940
Assessed 2024
Previous assessed
$5,146,350
+2.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$484,650
Assessed improvement
$4,801,290
Land market value
$1,065,000
Improvement market value
$11,450,000
Total market value
$12,515,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1923
Heating
NONE
Buildings
3
Stories
3
Units
5
Total area
93,855 SF
Lot
1.24 ac (53,971 SF)
Zoning code
M1-1
APN
01739-0022
UPID
US63-2135041
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · New York, NYZoning M1-1 · permitted uses
M1-1 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1923
Heating
NONE
Stories
3
Buildings
3
Units
5
Lot
1.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
New York, NY
Recorded code
M1-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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