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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Residential income homes
155 37th St, New York, NY 10016-3152
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1187729
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1920
Total area
3,628 SF
Lot
0.04 ac (1,810 SF)
Zoning code
R8B
APN
00893-0036
UPID
US63-1187729
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
-
New York Entrance Doors Hardware & Home Improvement Production Facility
-
Florist Empire NYC (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$3.85M
Owner & transaction history
838 Broadway LLC · 4 yrs held
838 Broadway LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
R8B · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+71.3%
Warehouse, storage
$3.0M
+6.4%
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
$3,870,000
ML approach
$3,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,785,000
Current use
RETAIL STORES
$4,770,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,965,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,490,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$2,315,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±10% · vs last sale $3.85M (Dec 1 2021)
Last sale anchor
$3.85M
Dec 1 2021
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
$1,061 / 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
$59,823
Tax year 2024
Assessed value
$478,507
Assessed 2024
Previous assessed
$463,675
+3.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$67,374
Assessed improvement
$411,133
Land market value
$362,000
Improvement market value
$2,209,000
Total market value
$2,571,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
4
Units
9
Total area
3,628 SF
Lot
0.04 ac (1,810 SF)
Zoning code
R8B
APN
00893-0036
UPID
US63-1187729
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NY
Zoning R8B · permitted uses
R8B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1920
Heating
NONE
Stories
4
Buildings
1
Units
9
Lot
0.04 ac
Current owner
From public records · entity-resolved
838 Broadway LLC
Entity
Mailing address
98 FRELINGHUYSEN AVE, NEWARK, NJ 07114-1749
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$3,850,000
838 Broadway LLC
153 East 37 Fg LLC
Deed
$2,000,000 · Connectone Bank
Dec 1, 2021
—
153 East 37 Fg LLC
153 East 37 Fg LLC
Correction Deed
related
—
Dec 3, 2020
—
153 East 37 Fg LLC
—
Deed
related
$3,140,000 · Amalgamated Bk
Jun 29, 2015
—
153 East 37 Fg LLC
West Waverly Equities Group
Quit Claim Deed
related
$1,032,558 · Amalgamated Bk
Mar 2, 2011
—
West Waverly Equities Group
—
Deed Of Trust
related
$2,350,000 · Capital One
Dec 30, 2010
$3,650,000
West Waverly Equities Group
153-155 East 37th Street LLC
Grant Deed
related
—
—
—
153 East 37 Fg LLC
—
Loan Modification, Consolidation And Extension
related
$3,300,000 · Amalgamated Bk
—
—
153 East 37 Fg LLC
—
Loan Modification
related
$3,140,000 · Amalgamated 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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