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Property profile & analytics
OFF-MARKET
Estimated value
$8,610,000
Schools
1470-1474 Madison Ave, New York, NY 10029
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-3957367
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2012
Total area
422,000 SF
Lot
0.86 ac (37,415 SF)
Zoning code
R9
APN
01607-0005
UPID
US63-3957367
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
$8.61M
Blend (final)
Blend
$8.61M
Owner & transaction history
Mount Sinai Sch Of Medicine/new Y · 16 yrs held
Mount Sinai Sch Of Medicine/new Y
since 2010
7 recorded transactions
Zoning & alternative use
R9 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.6M
+55.5%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$5,520,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,585,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$8.61M
Range $7.75M – $9.47M · ±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
$20 / 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
Assessed value
$86,684,220
Assessed 2024
Previous assessed
$88,561,350
-2.1% YoY
Assessed land
$2,933,100
Assessed improvement
$83,751,120
Land market value
$6,518,000
Improvement market value
$194,336,000
Total market value
$200,854,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
1
Stories
11
Units
1
Total area
422,000 SF
Lot
0.86 ac (37,415 SF)
Zoning code
R9
APN
01607-0005
UPID
US63-3957367
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R9 · New York, NY
Zoning R9 · permitted uses
R9 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
APARTMENT HOUSE (5+ UNITS)
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
2012
Heating
NONE
Stories
11
Buildings
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Mount Sinai Sch Of Medicine/new Y
Individual
Mailing address
1470 MADISON AVE, NEW YORK, NY 10029-6542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
—
Mount Sinai Hospital
—
Grant Deed
related
$35,000,000 · Bank Of Ny Mellon
Dec 26, 2013
—
Mount Sinai Hospital
—
Grant Deed
related
$112,000,000 · Bank Of Ny Mellon
Oct 31, 2011
—
Mount Sinai Hospital
—
Deed Of Trust
related
$65,390,000 · Bank Of Ny Mellon
Nov 22, 2010
—
Mount Sinai Sch Of Medicine/new Y
—
Deed Of Trust
related
$94,360,000 · Dormitory Authority New York
Oct 4, 2010
—
Mount Sinai Sch Of Medicine
—
Deed Of Trust
related
$330,086,956 · Dormitory Authority New York
Mar 30, 2010
—
Mount Sinai Sch Of Medicine/new Y
Mount Sinai Sch Of Medicine/new Y
Quit Claim Deed
related
—
Nov 13, 2009
—
Mount Sinai Sch Of Medicine/new Y
—
Deed Of Trust
related
$39,828,043 · Dormitory Authority New York
Oct 26, 2009
—
Mount Sinai Sch Of Medicine/new Y
Mount Sinai Hospital
Quit Claim Deed
—
Oct 24, 2007
$2,000,000
Mount Sinai Hospital
New York City Hsng Authority
Grant Deed
—
—
—
Icahn Sch Of Medicine & Mount Sinai
—
Loan Modification
related
$357,275,000 · Miscellaneous Govt Agcy
—
—
Icahn Sch Of Medicine & Mount Sinai
—
Deed Of Trust
related
$51,585,000 · Miscellaneous Govt Agcy
—
—
Icahn Sch Of Medicine At Mount
—
Loan Modification
related
—
—
—
Mount Sinai Sch Of Medicine
—
Deed Of Trust
related
$39,828,043 · Dormitory Authority New York
—
—
Mount Sinai Hospital
—
Deed Of Trust
related
$112,000,000 · Bank Of Ny Mellon
—
—
Icahn Sch Of Medicine At Mount Mount Sinai School
—
Loan Modification
related
$94,360,000 · Dormitory Authority New York
—
—
Icahn Sch Of Medicine At Mount Mount Sinai School
—
Loan Modification
related
$330,086,956 · Dormitory Authority New York
—
—
Icahn Sch Of Medicine At Mount Mount Sinai School
—
Loan Modification
related
$39,828,043 · Dormitory Authority New York
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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