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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Apartment buildings
134 122nd St New York, NY 10035
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3016925
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
84,941 SF
Lot
0.42 ac (18,502 SF)
Zoning code
R7B
APN
01770-0159
UPID
US63-3016925
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
-
Future Leaders Institute Charter School High School
-
P.S. 242 - The Young Diplomats Magnet Academy High School
-
Young Diplomats Magnet Academy High School
-
Gwenlyn Powel Brown Computer High School
-
Trinity New York - Harlem Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
122nd Street LLC · 1 yrs held
122nd Street LLC
since 2025
7 recorded transactions
Zoning & alternative use
R7B · 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
$27 / 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
$715,704
Tax year 2024
Assessed value
$5,724,720
Assessed 2024
Previous assessed
$5,267,880
+8.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$291,600
Assessed improvement
$5,433,120
Land market value
$648,000
Improvement market value
$14,728,000
Total market value
$15,376,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Stories
12
Units
92
Total area
84,941 SF
Lot
0.42 ac (18,502 SF)
Zoning code
R7B
APN
01770-0159
UPID
US63-3016925
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7B · New York, NY
Zoning R7B · permitted uses
R7B · 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
1973
Heating
NONE
Stories
12
Buildings
1
Units
92
Lot
0.42 ac
Current owner
From public records · entity-resolved
122nd Street LLC
Entity
Mailing address
134 E 122ND ST, NEW YORK, NY 10035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
122nd Street LLC
—
Deed
related
$2,364,000 · Greystone Servicing Company LLC
Jan 30, 2020
—
122nd Street LLC
—
Deed
related
$6,156,000 · Greystone Svcng Corp
Feb 28, 2011
—
122nd Street LLC
—
Deed Of Trust
related
$8,992,794 · New York Community Bank
—
—
122nd Street LLC
—
Loan Modification, Consolidation And Extension
related
$12,000,000 · Signature Bk
—
—
122nd Street LLC
—
Deed Of Trust
related
$9,076,134 · New York Community Bank
—
—
122 Nd Street LLC
—
Loan Modification
related
$18,156,000 · Greystone Svcng Corp
—
—
122nd Street LLC
—
Deed Of Trust
related
$1,564,621 · New York Community Bank
—
—
122nd Street LLC
—
Deed Of Trust
related
$10,500,000 · New York Community Bank
—
—
122nd Street LLC
—
Deed Of Trust
related
$6,156,000 · Greystone Svcng Corp
—
—
122nd Street LLC
—
Deed Of Trust
related
$5,310,114 · New York Community 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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