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Property profile & analytics
OFF-MARKET
Estimated value
$116,295,000
Hotels
1401 Ave Of The Amer, New York, NY 10019
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2724517
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1927
Total area
112,977 SF
Lot
0.18 ac (7,750 SF)
Zoning code
C5-3
APN
01010-0029
UPID
US63-2724517
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
$116.30M
Owner & transaction history
Hilton Resorts Corp · 8 yrs held
Hilton Resorts Corp
since 2018
7 recorded transactions
Zoning & alternative use
C5-3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$173,150,000
Current use
RETAIL STORES
$148,570,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$116.30M
Range $104.67M – $127.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,029 / 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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1927
Heating
NONE
Stories
18
Units
7
Total area
112,977 SF
Lot
0.18 ac (7,750 SF)
Zoning code
C5-3
APN
01010-0029
UPID
US63-2724517
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$173.2M
RETAIL STORES
Est. value
$148.6M
HOTEL/MOTEL Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
18
Units
7
Lot
0.18 ac
Current owner
From public records · entity-resolved
Hilton Resorts Corp
Entity
Mailing address
5323 MILLENIA LKS BLVD STE #400, ORLANDO, FL 32839-3395
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
$173,926,237
Hilton Resorts Corp
101 W 57th Street Hotel Invtrs
Grant Deed
—
Jan 16, 2013
$9,500,000
101 West 57th Street Hotel Inv
Benjamin Shapiro Realty LLC
Quit Claim Deed
—
Jul 1, 2010
$60,000,000
101 West 57th Street Hotel Inv
Hotel 57 Owner LLC
Grant Deed
—
May 26, 2010
—
Hotel 57 Owner LLC
—
Deed Of Trust
related
$58,000,000 · Wachovia Bank NA
Jan 16, 2008
—
Hotel 57 Owner LLC
—
Deed Of Trust
related
$58,000,000 · Wachovia Bank NA
Jun 8, 2006
—
James Hotel 57 Owner LLC
Benjamin Shapiro Realty LLC
Deed Of Trust
related
$52,000,000 · Arbor Realty Funding LLC
—
—
Benjamin Shapiro Realty Li
—
Deed Of Trust
related
$4,240,238 · Emigrant Savings 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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