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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Office buildings
120 45th St New York, NY 10036-4195
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2909119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
426,056 SF
Lot
0.36 ac (15,565 SF)
Zoning code
C65.5
APN
00997-0041
UPID
US63-2909119
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
-
Watson, Farley & Williams Law Firm
-
Lipsky Goodkin & Co PC Accounting Firm Tax Preparation
-
Empire Steel & Metals Corporation General Contractor
-
The Dearie Law Firm, P.C. Law Firm
-
Klingman & Associates, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
33rd T45 LLC · 10 yrs held
33rd T45 LLC
since 2015
3 recorded transactions
Zoning & alternative use
C65.5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$6,377,651
Tax year 2024
Assessed value
$60,211,960
Assessed 2024
Previous assessed
$62,360,820
-3.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$22,500,000
Assessed improvement
$37,711,960
Land market value
$50,000,000
Improvement market value
$87,460,000
Total market value
$137,460,000
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
1988
Heating
NONE
Buildings
1
Stories
40
Units
66
Total area
426,056 SF
Lot
0.36 ac (15,565 SF)
Zoning code
C65.5
APN
00997-0041
UPID
US63-2909119
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C65.5 · New York, NY
Zoning C65.5 · permitted uses
C65.5 · 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
1988
Heating
NONE
Stories
40
Buildings
1
Units
66
Lot
0.36 ac
Current owner
From public records · entity-resolved
33rd T45 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
551 5TH AVE, NEW YORK, NY 10176-0001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2015
$365,000,000
33rd T45 LLC
Slg Tower 45 LLC
Grant Deed
—
Apr 27, 2007
—
Slg Tower 45 LLC
Magnolia Associates Ltd
Grant Deed
$94,255,132 · Merrill Lynch Mortgage Lending
—
—
Akco T45 LLC
—
Loan Modification, Consolidation And Extension
related
$150,000,000 · 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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