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Property profile & analytics
OFF-MARKET
Estimated value
$23,605,000
Hotels
12 48th Sttimea, New York, NY 10017-1008
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4021295
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
20,028 SF
Lot
0.17 ac (7,531 SF)
Zoning code
C52.5
APN
01283-1002
UPID
US63-4021295
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
-
BEAUTY TIMES STUDIO Hair Salon Nail Salon
-
Maman Bakery Take-out & Catering
-
Hilton Club The Central at 5th New York Hotel & Motel
-
Tend Dental Rockefeller Center Dental Office
-
Refresh n Rejuvenate Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.61M
Owner & transaction history
Pandora Po Bharvaney · 2 yrs held
Pandora Po Bharvaney
since 2023
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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$29,425,000
Current use
RETAIL STORES
$26,340,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$23.61M
Range $21.24M – $25.97M · ±10%
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
$1,179 / 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
$544,551
Tax year 2024
Assessed value
$5,141,151
Assessed 2024
Previous assessed
$5,141,151
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$660,285
Assessed improvement
$4,480,866
Land market value
$1,467,300
Improvement market value
$11,200,615
Total market value
$12,667,915
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Buildings
1
Stories
32
Units
1
Total area
20,028 SF
Lot
0.17 ac (7,531 SF)
Zoning code
C52.5
APN
01283-1002
UPID
US63-4021295
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$29.4M
RETAIL STORES
Est. value
$26.3M
HOTEL/MOTEL Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Stories
32
Buildings
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Pandora Po Bharvaney
Individual
Mailing address
150 GLENWOOD AVE, COLLEGEVILLE, PA 19426-2363
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$25,300
Pandora Po Bharvaney
Hilton Resorts Corporation
Deed
$22,264 · Hilton Resorts Corporation
Dec 28, 2023
$41,990
Diane Marie Ruhr
Hilton Resorts Corporation
Deed
—
Dec 28, 2023
$21,714
James Alan Sattler
Hilton Resorts Corporation
Deed
—
Dec 28, 2023
$23,100
Laura Ann Schweizer
Hilton Resorts Corporation
Deed
$20,328 · Hilton Resorts Corporation
Dec 28, 2023
$20,755
Cami Colbert
Hilton Resorts Corporation
Deed
$17,641 · Hilton Resorts Corporation
Dec 28, 2023
$35,200
Johannah O Adeleke
Hilton Resorts Corporation
Deed
$30,976 · Hilton Resorts Corporation
Dec 28, 2023
$20,377
Lauren Nicole Koval
Hilton Resorts Corporation
Deed
$16,301 · Hilton Resorts Corporation
Dec 28, 2023
$53,991
Thomas Michael Wolfe
Hilton Resorts Corporation
Deed
—
Dec 28, 2023
$53,950
Lakshmi Sundaram Iyer
Hilton Resorts Corporaton
Deed
—
Dec 28, 2023
$63,990
Carlos Perez Sanabria
Hilton Resorts Corporation
Deed
—
Jun 14, 2023
$106,431
Jeremy D Bushweller
Hilton Resorts Corporation
Deed
$36,882 · Hilton Resorts Corporation
Feb 8, 2023
$135,635,000
Hilton Resorts Corporation
1248 Associates LLC
Deed
$64,111 · Hilton Resorts Corporation
Aug 18, 2021
$58,400,000
Hilton Resorts Corporation
1248 Associates LLC
Deed
—
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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