Entity Owned Property summary
AI-generated overview
A five-story mixed-use building is located on the corner of Lafayette Street and Grand Street in SoHo, with approximately 125 feet of wraparound frontage at the intersection. The property is zoned R10 and is configured in an L-shaped plan, with each floor containing approximately 4,000 square feet and an overall size of 19,873 square feet. Access is provided via an elevator shaft and both front and rear stairwells. The lower level had prior legal use as retail associated with a bar/restaurant operation under the certificate of occupancy, and the property’s zoning supports residential and/or condominium conversion.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1915
Total area
26,388 SF
Lot
0.1 ac (4,210 SF)
Zoning code
M15R10
APN
00233-0017
UPID
US63-4418349
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Film Production Television Studio
-
Film Production Television Studio
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
since 2026
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
M15R10 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.00M
Value range
$3.60M – $4.40M
±10% around blend
Estimated value / SF
$152 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$3.60M
blend $4.00M
$4.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,388 SF
Lot area
0.1 ac
Year built
1915
Stories
6
APN
00233-0017
Zoning
M15R10
Assessed value
$4,363,240
Annual tax
$462,154
3
Income approach: direct capitalization
Partial preview
Income approach indication
$13.56M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$14.69M
@ 6.5% CAP return
$13.56M
@ 7% CAP return
$12.59M
4
Sales comparison
Partial preview
Sales approach indication
$12.54M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.8 mi away · 21,600 SF
24.6 mi away · 19,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 19 sales
$880
-83%
Submarket 224 sales
$639
-76%
County 224 sales
$639
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $152/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.25M
Move the market yield to see immediate price impact.
Value / SF
$578
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$961k
$19.22M
$13.72M
$10.68M
$1.07M
$21.35M
$15.25M
$11.86M
$1.17M
$23.49M
$16.78M
$13.05M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$22.00M
2.5 mi · Feb 2026 · $707/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$462,154
Tax year 2024
Assessed value
$4,363,240
Assessed 2024
Previous assessed
$4,056,110
+7.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$956,700
Assessed improvement
$3,406,540
Land market value
$2,126,000
Improvement market value
$8,571,000
Total market value
$10,697,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
6
Units
7
Total area
26,388 SF
Lot
0.1 ac (4,210 SF)
Zoning code
M15R10
APN
00233-0017
UPID
US63-4418349
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R10 · New York, NYZoning M15R10 · permitted uses
M15R10 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
6
Buildings
1
Units
7
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M15R10
Jurisdiction
New York, NY
Recorded code
M15R10
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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