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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Retail space
156 Delancey St 164 New York, NY 10002-3308
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-2509879
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
2,725 SF
Lot
0.06 ac (2,725 SF)
Zoning code
R8A
APN
00348-0033
UPID
US63-2509879
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
-
hawa smoothie Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Sell My Handbags inc Discount Store (Bike/Boat/Book/etc) Store
-
Pawn Shop , Buy- Sell- Trade Discount Store (Bike/Boat/Book/etc) Store
-
6ixDonuts Bakery Specialty Food Shop
-
Sell Electronics For Cash - iPad - Macbook - iPhone Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.46M
Owner & transaction history
Delancy Towers LLC · 6 yrs held
Delancy Towers LLC
since 2019
7 recorded transactions
Zoning & alternative use
R8A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+11.7%
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
Alternative Use
Use
Estimation
RETAIL STORES
$1,995,000
Current use
WAREHOUSE, STORAGE
$2,225,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,740,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,640,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$903 / 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
$174,117
Tax year 2024
Assessed value
$1,676,380
Assessed 2024
Previous assessed
$1,752,030
-4.3% YoY
Effective rate
10.39%
On assessed value
Assessed land
$405,000
Assessed improvement
$1,271,380
Land market value
$900,000
Improvement market value
$2,753,000
Total market value
$3,653,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
1
Units
7
Total area
2,725 SF
Lot
0.06 ac (2,725 SF)
Zoning code
R8A
APN
00348-0033
UPID
US63-2509879
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8A · New York, NYZoning R8A · permitted uses
R8A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1925
Heating
NONE
Stories
1
Buildings
1
Units
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
Delancy Towers LLC
Entity
Mailing address
156 DELANCEY ST, NEW YORK, NY 10002-3308
Ownership since
2019
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
Mar 9, 2021
—
93rd Partners LLC
—
Deed
related
$17,100,000 · Signature Bk
Nov 22, 2019
—
93rd Partners LLC
—
Loan Modification
related
$28,250,000 · Ladder Cap Fin
Nov 21, 2019
$14,000,000
Delancy Towers LLC
156 Delancey Retail Owner LLC
Trustees Deed
$7,702,959 · Ladder Cap Fin
Sep 20, 2016
—
156 Delancey Retail Owner LLC
—
Deed
related
$500,000 · Bank Hapoalim Bm
Mar 27, 2013
$6,000,000
156 Delancey Retail Owner LLC
Delancey Street Ae LLC
Grant Deed
$4,500,000 · Bank Hapoalim Bm
Dec 7, 2012
—
Delancey Street Ae LLC
156-164 Delancey Street Assocs
Quit Claim Deed
—
—
—
156 Delancey Retail Owner LLC
—
Deed Of Trust
related
$500,000 · Bank Hapoalim Bm
—
—
93rd Partners LLC
—
Loan Modification
related
$17,100,000 · Signature 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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