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Property profile & analytics
OFF-MARKET
Estimated value
$8,740,000
Apartment buildings
16-20 Marble Hl Ave, New York, NY
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2924905
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Total area
34,830 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R6
APN
02215-0535
UPID
US63-2924905
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.74M
Owner & transaction history
Morris Estates LLC · 12 yrs held
Morris Estates LLC
since 2013
7 recorded transactions
Zoning & alternative use
R6 · 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
$251 / 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
$112,743
Tax year 2024
Assessed value
$1,059,640
Assessed 2024
Previous assessed
$1,066,050
-0.6% YoY
Effective rate
10.64%
On assessed value
Assessed land
$78,300
Assessed improvement
$981,340
Land market value
$174,000
Improvement market value
$1,830,000
Total market value
$2,004,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1940
Heating
NONE
Buildings
1
Stories
6
Units
42
Total area
34,830 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R6
APN
02215-0535
UPID
US63-2924905
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · New York, NY
Zoning R6 · permitted uses
R6 · 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
1940
Heating
NONE
Stories
6
Buildings
1
Units
42
Lot
0.18 ac
Current owner
From public records · entity-resolved
Morris Estates LLC
Entity
Mailing address
1274 49TH ST, BROOKLYN, NY 11219-3011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Sirrom Estates LLC
—
Deed
related
$8,509,029 · Signature Bk
Jun 8, 2018
—
Sirrom Estates LLC
—
Deed
related
$8,650,000 · Signature Bk
Sep 23, 2013
$9,800,000
Morris Estates LLC
16 Marble Hill LLC
Grant Deed
$1,064,010 · Bank United
Feb 8, 2010
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$3,292,776 · Pb Capital Corp
Feb 4, 2010
$3,112,000
16 Marble Hill LLC
16 Marble Hill Realty LLC
Grant Deed
—
Feb 4, 2010
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$2,659,550 · Pb Capital Corp
Feb 3, 2010
—
West 106 Realty LLC
—
Deed Of Trust
related
$3,848,689 · Pb Capital Corp
Sep 14, 2009
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$21,079,752 · Pb Capital Corp
Sep 4, 2009
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$21,368,592 · Pb Capital Corp
Jun 12, 2009
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$26,649,352 · Pb Capital Corp
Jun 4, 2009
—
West 106 Realty LLC
—
Deed Of Trust
related
$26,649,352 · Pb Capital Corp
Mar 19, 2009
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$4,170,092 · Pb Capital Corp
Nov 10, 2008
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$38,731,000 · Pb Capital Corp
—
—
16 Marble Hill LLC
—
Deed Of Trust
related
$2,334,000 · New York Community Bank
—
—
Sirrom Estates LLC
—
Loan Modification
related
$8,509,029 · Signature Bk
—
—
Sirrom Estates LLC
—
Loan Modification
related
$8,650,000 · Signature Bk
—
—
16 Marble Hill LLC
—
Deed Of Trust
related
$812,138 · Signature Bank
—
—
Morris Estates LLC
—
Loan Modification
related
$7,350,000 · Bank United
—
—
16 Marble LLC
—
Deed Of Trust
related
$3,070,000 · Signature Bank
—
—
133 Seaman Realty LLC
—
Deed Of Trust
related
$798,635 · Pb Capital Corp
—
—
West 106 Realty LLC
—
Deed Of Trust
related
$939,796 · Pb Capital Corp
—
—
West 106 Realty LLC
—
Deed Of Trust
related
$798,635 · Pb Capital Corp
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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