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Property profile & analytics
OFF-MARKET
Medical Office Space
13-15 118th St New York, NY 10026
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2151589
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2019
Total area
28,114 SF
Lot
0.12 ac (5,164 SF)
Zoning code
R7-2
APN
01717-0023
UPID
US63-2151589
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
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
Nyc Partnership Housing Development · 2 yrs held
Nyc Partnership Housing Development
since 2024
6 recorded transactions
Zoning & alternative use
R7-2 · 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
Assessed value
$1,895,490
Assessed 2024
Previous assessed
$1,878,120
+0.9% YoY
Assessed land
$369,450
Assessed improvement
$1,526,040
Land market value
$821,000
Improvement market value
$3,460,000
Total market value
$4,281,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
1
Stories
9
Units
57
Total area
28,114 SF
Lot
0.12 ac (5,164 SF)
Zoning code
R7-2
APN
01717-0023
UPID
US63-2151589
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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
2019
Heating
NONE
Stories
9
Buildings
1
Units
57
Lot
0.12 ac
Current owner
From public records · entity-resolved
Nyc Partnership Housing Development
Entity
Mailing address
253 W 35TH ST, NEW YORK, NY 10001-1907
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
—
Nyc Partnership Housing Development
The City Of New York
Deed
$3,510,000 · Keybank National Association
Sep 10, 2021
$3,000,000
West End 118th Housing Development
Nyc Partnership Housing Development
Deed
$10,785,359 · Keybank National Association
Sep 10, 2021
—
Nyc Partnership Housing Development
The City Of New York
Deed
$2,038,588 · Keybank National Association
Oct 16, 2019
$3,000,000
Nyc Ptshp Hsng Dev Fund Co INC
West 118 Acquisition LLC
Grant Deed
$2,450,000 · Raza Dev Fund
Aug 13, 2018
$1,556,200
West 118 Acquisition LLC
Women In Need INC
Grant Deed
$1,050,000 · Women In Need INC
Jan 25, 2016
$910,000
Women In Need INC
Milbank Housing Dev Fund Corp
Grant Deed
$200,000 · Miscellaneous Govt Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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