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Property profile & analytics
OFF-MARKET
Estimated value
$38,800,000
Retail space
120 Water St New York, NY 10005-1638
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-5594646
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
54,432 SF
Lot
0.07 ac (2,877 SF)
Zoning code
C5-5
APN
00039-0041
UPID
US63-5594646
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
-
Buttonwood Cafe Cafe & Coffee Shop
-
Highwater Rooftop Grocery & Convenience Store Food Market
-
Buttonwood Restaurant and Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.80M
Owner & transaction history
120-122 Water Street LLC · 10 yrs held
120-122 Water Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
C5-5 · 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
$713 / 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
$969,772
Tax year 2024
Assessed value
$11,501,700
Assessed 2024
Previous assessed
$13,287,240
-13.4% YoY
Effective rate
8.43%
On assessed value
Assessed land
$1,920,600
Assessed improvement
$9,581,100
Land market value
$4,268,000
Improvement market value
$16,078,000
Total market value
$20,346,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
1
Stories
25
Units
1
Total area
54,432 SF
Lot
0.07 ac (2,877 SF)
Zoning code
C5-5
APN
00039-0041
UPID
US63-5594646
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
2020
Heating
NONE
Stories
25
Buildings
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
120-122 Water Street LLC
Entity
Mailing address
110 SEARINGTOWN RD, ALBERTSON, NY 11507-1500
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
—
120-122 Water Street LLC
—
Deed
related
$3,000,000 · Bank Of America, N.a.
Nov 29, 2018
—
120-122 Water Street LLC
—
Deed
related
$19,500,000 · Bank Of America
Nov 27, 2018
—
120-122 Water Street LLC
—
Deed
related
$12,500,000 · Bank Of America
Oct 14, 2015
$20,125,000
120-122 Water Street LLC
Ny Times Sq Hotel Group LLC
Trustees Deed
related
$3,052,030 · Private Individual
Apr 24, 2014
$15,000,000
Ny Times Sq Hotel Group LLC
122 Water Realty LLC
Trustees Deed
$4,272,033 · Chang Hwa Com'l Bk
Jul 22, 2010
—
122 Water Realty LLC
—
Deed Of Trust
related
$4,875,000 · Sovereign Bank
Dec 7, 2006
$3,900,000
122 Water Realty LLC
120 Water Street Corp
Grant Deed
$2,600,000 · Metropolitan National Bank
Dec 7, 2006
—
122 Water Realty LLC
—
Deed Of Trust
related
$4,250,000 · Metropolitan National Bank
—
—
120-122 Water Street LLC
—
Loan Modification
related
$12,500,000 · Bank Of America
—
—
120-122 Water Street LLC
—
Deed Of Trust
related
$19,500,000 · Bank Of America
—
—
Ny Times Square Hotel Grp LLC
—
Loan Modification, Consolidation And Extension
related
$8,880,000 · Chang Hwa Com'l Bk
—
—
120-122 Water Street LLC
—
Loan Modification, Consolidation And Extension
related
$11,250,000 · Private Individual
—
—
122 Water Realty LLC
—
Deed Of Trust
related
$213,341 · Wells Fargo Bank
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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