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Property profile & analytics
OFF-MARKET
Estimated value
$6,480,000
Parking lots & garages
155 38th Stgar, New York, NY 10016-2660
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-2519635
Property summary
AI-generated overview
This 556 square foot medical office condo is ideally situated in Murray Hill, Manhattan at 155 East 38th Street, Suite 2A. Located in a luxury residential building with a 24-hour doorman, this owner-user investment opportunity boasts a desirable layout featuring two offices/exam rooms, a waiting area, and a restroom. Currently configured as a psychology practice, the space is easily adaptable to various medical specialties. The building offers convenient access to public transportation, including the 4, 5, 6, 7, and S subway lines, as well as Upper East Side bus routes. Garage parking is available within the building. The asking price is $495,000, with annual real estate taxes of $10,453.48 and monthly common charges of $489.93. This sponsor unit presents a unique chance to acquire a well-appointed medical office in a prime Manhattan location. The property is situated between Lexington and 3rd Avenues in the 10016 zip code.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1910
Total area
19,167 SF
Lot
0.3 ac (12,896 SF)
Zoning code
C1-9
APN
00894-1701
UPID
US63-2519635
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
-
Odile of New York City Clothing Store
-
Margot Martino Pediatrician Medical Clinic
-
Lovely Bits (Bike/Boat/Book/etc) Store Cosmetic Store
-
Chen Virginia L MD Physician Medical Clinic
-
Schwartz Victor MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.48M
Owner & transaction history
Lcr Garage LLC|avr Garage LLC · 11 yrs held
Lcr Garage LLC|avr Garage LLC
since 2015
3 recorded transactions
Zoning & alternative use
C1-9 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$338 / 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
$260,845
Tax year 2024
Assessed value
$2,462,660
Assessed 2024
Previous assessed
$2,498,000
-1.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$309,601
Assessed improvement
$2,153,059
Land market value
$688,002
Improvement market value
$5,732,000
Total market value
$6,420,002
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
19
Units
1
Total area
19,167 SF
Lot
0.3 ac (12,896 SF)
Zoning code
C1-9
APN
00894-1701
UPID
US63-2519635
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1-9 · New York, NY
Zoning C1-9 · permitted uses
C1-9 · 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
1910
Heating
NONE
Stories
19
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Lcr Garage LLC|avr Garage LLC
Entity
Free & Clear · 11 yrs held
Mailing address
401 BROADWAY #171, NEW YORK, NY 10013-3005
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2015
$6,834,000
Lcr Garage LLC|avr Garage LLC
Metlife Insurance Co USA
Grant Deed
—
May 17, 2007
$6,775,591
Metlife Ins Co Of Connecticut
155 E 38th Street Parking LLC
Grant Deed
—
Sep 14, 2006
—
161st & Broadway LLC
—
Deed Of Trust
related
$133,000,000 · Bank Of 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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