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Property profile & analytics
FOR LEASE
Office buildings
151 Grand St New York, NY 10013
Entity Owned
~
Est. High Equity
Property ID
US63-4418349
For Lease
1 / 2
$11,545,000
151 Grand St, New York, NY 10013
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pleasant Post Film Production Television Studio
-
East Pleasant Pictures Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.55M
Owner & transaction history
158 Lfyt LLC
158 Lfyt LLC
since 2026
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
M15R10 · 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%
$14,690,000
6.5%
$13,560,000
7%
$12,590,000
Blend value · Realmo final
$11.55M
Range $10.39M – $12.70M · ±10% · vs last sale $15.25M (Feb 13 2026)
Last sale anchor
$15.25M
Feb 13 2026
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
$438 / 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
$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
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
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, NY
Zoning M15R10 · permitted uses
M15R10 · 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
1915
Heating
NONE
Stories
6
Buildings
1
Units
7
Lot
0.1 ac
Current owner
From public records · entity-resolved
158 Lfyt LLC
Entity
Mailing address
151 GRAND ST, NEW YORK, NY 10013-3176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Feb 13, 2026
$15,250,000
158 Lfyt LLC
Rc 158 Lafayette Reo, LLC
Deed
$9,000,000 · Emg Transfer Agent LLC
Nov 21, 2024
$4,000,000
Rc 158 Lafayette Reo, LLC
Mark L. Mckew Referee
Deed
—
Aug 10, 2018
—
Pb 151 Grand LLC
Loancore Cap Credit Reit LLC
Loan Modification
related
$18,842,000 · Ready Cap Structured Fin
Aug 24, 2017
—
Pb 151 Grand LLC
—
Loan Modification, Consolidation And Extension
related
$17,842,000 · Loancore Cap Credit Reit LLC
Apr 9, 2014
$14,250,000
Pb 151 Grand LLC
158 Lafayette Street LLC
Deed
$8,000,000 · Siganature Bank
Aug 18, 2008
—
158 Lafayette Street LLC
Freidus,robert
Grant Deed
related
—
—
—
Pb 151 Grand LLC
—
Deed Of Trust
related
$501,530 · Loancore Cap Credit Reit LLC
—
—
Pb 151 Grand LLC
—
Deed Of Trust
related
$9,842,000 · Loancore Cap Credit Reit LLC
—
—
Pb 151 Grand LLC
—
Deed Of Trust
related
$3,933,000 · Readycap Com'l
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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