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Property profile & analytics
FOR LEASE
Retail residential properties
138 E 34Th St New York, NY 10016
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-1568641
For Lease
1 / 7
$228,000 SF/Yr
138 E 34Th St, New York, NY 10016
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
11,344 SF
Lot
0.06 ac (2,469 SF)
Zoning code
C6-6
APN
00809-0066
UPID
US63-1568641
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
-
New York City Gifts & Luggage (Bike/Boat/Book/etc) Store
-
JinYu.spa & Wellness LLC(Original address: 169 Lextoning ave ) Spa & Massage Center
-
JinYu Spa Alternative Medicine Practice Spa & Massage Center
-
The Daily Bugle Publishing House Newspaper & Magazine
-
Shokudo 34 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
$2.14M
Owner & transaction history
136-138 West 34th Street LLC
136-138 West 34th Street LLC
since 2025
4 recorded transactions
Zoning & alternative use
C6-6 · 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
$188 / 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
$729,409
Tax year 2024
Assessed value
$6,886,410
Assessed 2024
Previous assessed
$6,737,410
+2.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$922,500
Assessed improvement
$5,963,910
Land market value
$2,050,000
Improvement market value
$13,952,000
Total market value
$16,002,000
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 residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
3
Total area
11,344 SF
Lot
0.06 ac (2,469 SF)
Zoning code
C6-6
APN
00809-0066
UPID
US63-1568641
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NY
Zoning C6-6 · permitted uses
C6-6 · 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
1910
Heating
NONE
Stories
5
Buildings
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
136-138 West 34th Street LLC
Entity
Free & Clear · 0 yrs held
Mailing address
275 MADISON AVE STE #1100, NEW YORK, NY 10016-1147
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
$19,100,000
136-138 West 34th Street LLC
136 West 34th St. Associates, L.p.
Deed
—
Oct 25, 2022
—
138-34 Equities LLC
—
Deed
related
$3,250,000 · Ctbc Bank Corp. (usa)
Mar 22, 2004
—
136 West 34th St Associates LP
—
Deed Of Trust
related
$2,200,000 · General Electric Capital Corp
—
—
134 West 34th St Associates LP
—
Loan Modification
related
$30,000,000 · Citigroup Global Markets Rlty
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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