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Property profile & analytics
OFF-MARKET
Estimated value
$420,945,000
Hotels
151 54th St New York, NY 10019-5302
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-1258757
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Total area
634,793 SF
Lot
0.58 ac (25,413 SF)
Zoning code
C6-6
APN
01007-0005
UPID
US63-1258757
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
-
Dabble Restaurant
-
The Luxury Collection Hotel Manhattan Midtown Hotel & Motel
-
The London NYC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572.46M
Blend (final)
Blend
$420.95M
Owner & transaction history
Black Pumice D 2015 LLC · 10 yrs held
Black Pumice D 2015 LLC
since 2015
7 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
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
Blend value · Realmo final
$420.95M
Range $378.85M – $463.04M · ±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
$663 / 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
$12,502,313
Tax year 2024
Assessed value
$118,035,428
Assessed 2024
Previous assessed
$116,262,338
+1.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$56,986,650
Assessed improvement
$61,048,778
Land market value
$126,637,000
Improvement market value
$156,852,000
Total market value
$283,489,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
1
Stories
57
Units
3
Total area
634,793 SF
Lot
0.58 ac (25,413 SF)
Zoning code
C6-6
APN
01007-0005
UPID
US63-1258757
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
1987
Heating
NONE
Stories
57
Buildings
1
Units
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Black Pumice D 2015 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1111 PENNSYLVANIA AVE NW, WASHINGTON, DC 20004-2541
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Black Pumice D 2015 LLC
—
Deed
related
$650,398 · First Abu Dhabi Bank Pjsc
Nov 27, 2017
—
Black Pumice D 2015 LLC
—
Loan Modification, Consolidation And Extension
related
$154,000,000 · First Abu Dhabi Bk Pjsc
Nov 7, 2016
—
Goldprop L L C
—
Deed
related
$27,000,000 · First Republic Bank
Nov 23, 2015
$194,000,000
Black Pumice D 2015 LLC
Thi III New York LLC
Grant Deed
—
Jun 7, 2011
—
Thi III New York LLC
—
Deed Of Trust
related
$154,000,000 · Wells Fargo Bank
Nov 14, 2006
—
Goldestate LLC
—
Deed Of Trust
related
$27,000,000 · Morgan Stanley Mtg Capital INC
Apr 29, 2005
—
New York L L C Thi III
—
Deed Of Trust
related
$129,768,960 · Lehman Brothers Bank Fsb
—
—
Thi III New York LLC
—
Deed Of Trust
related
$24,231,040 · Wells Fargo Bank
—
—
Black Pumice D 2015 LLC
—
Loan Modification
related
$154,000,000 · Wells Fargo Bk
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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