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Property profile & analytics
OFF-MARKET
Estimated value
$26,215,000
Flex space
156 William St OU, New York, NY 10038-2609
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-5209252
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Total area
155,410 SF
Lot
0.44 ac (19,103 SF)
Zoning code
C6-4
APN
00093-1001
UPID
US63-5209252
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
-
Home Renovation NYC Construction Company General Contractor
-
Devonshire Claims Services Inc Insurance Agency
-
J R Brodsy Associates Insurance Agency
-
David J. Phillips, M.D. Physician Medical Clinic
-
Presbyterian Downtown Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.22M
Owner & transaction history
Blue School Real Estate LLC · 8 yrs held
Blue School Real Estate LLC
since 2018
4 recorded transactions
Zoning & alternative use
C6-4 · 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%
$37,625,000
6.5%
$34,730,000
7%
$32,250,000
Blend value · Realmo final
$26.22M
Range $23.59M – $28.84M · ±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
$169 / 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
$1,658,348
Tax year 2024
Assessed value
$15,656,613
Assessed 2024
Previous assessed
$15,656,613
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,212,609
Assessed improvement
$13,444,004
Land market value
$4,536,840
Improvement market value
$34,638,000
Total market value
$39,174,840
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
155,410 SF
Lot
0.44 ac (19,103 SF)
Zoning code
C6-4
APN
00093-1001
UPID
US63-5209252
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · 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
1955
Heating
NONE
Stories
12
Buildings
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Blue School Real Estate LLC
Entity
Mailing address
156 WILLIAM STOU, NEW YORK, NY 10038-2609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2018
—
Blue School Real Estate LLC
Blue School Real Estate LLC
Quit Claim Deed
related
—
Jan 22, 2016
—
156 William Street Owner LLC
—
Grant Deed
related
$7,600,000 · Manufacturers & Traders Tr
—
—
156 William Street Owner LLC
—
Loan Modification
related
$29,000,000 · Manufacturers & Traders Tr
—
—
156 William Street Owner LLC
—
Deed Of Trust
related
$46,500,000 · Manufacturers & Traders Tr
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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