New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Retail space
16 46th St, New York, NY 10017-2471
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5126891
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
31,512 SF
Lot
0.06 ac (2,510 SF)
Zoning code
C52.5
APN
01281-0061
UPID
US63-5126891
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
-
Centurion Anesthesia Medical Group
-
Trianon Collection (Bike/Boat/Book/etc) Store
-
Sound Image Department Store
-
Shuffman David K Law Firm
-
Transfast Remittance Inc Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
E 46 Group LLC · 18 yrs held
E 46 Group LLC
since 2007
7 recorded transactions
Zoning & alternative use
C52.5 · 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
$238 / 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
$417,632
Tax year 2024
Assessed value
$3,979,800
Assessed 2024
Previous assessed
$3,704,850
+7.4% YoY
Effective rate
10.49%
On assessed value
Assessed land
$397,350
Assessed improvement
$3,582,450
Land market value
$883,000
Improvement market value
$7,879,000
Total market value
$8,762,000
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
2008
Heating
NONE
Buildings
1
Stories
20
Units
1
Total area
31,512 SF
Lot
0.06 ac (2,510 SF)
Zoning code
C52.5
APN
01281-0061
UPID
US63-5126891
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NY
Zoning C52.5 · permitted uses
C52.5 · 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
2008
Heating
NONE
Stories
20
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
E 46 Group LLC
Entity
Mailing address
1408 31ST AVE, LONG ISLAND CITY, NY 11106-4528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2015
—
E 46 Group|east 46 Hotel LLC
—
Loan Modification, Consolidation And Extension
related
$16,425,497 · Sterling Nat'l Bk
Jul 6, 2011
—
E 46 Group LLC
—
Deed Of Trust
related
$17,500,000 · Manufacturers Traders & Trust
Mar 11, 2010
—
E 46 Group LLC
—
Deed Of Trust
related
$8,000,000 · Brooklyn Fsb
Nov 9, 2009
—
E 46 Group LLC
—
Trustees Deed
related
$3,500,000 · Brooklyn Fsb
Dec 17, 2007
$9,250,000
E 46 Group LLC
16 East 46th Street Prop LLC
Deed Of Trust
$8,800,000 · Brooklyn Fsb
Sep 2, 2004
$5,200,000
16 E 46 St Property LLC
H P Kraus
Grant Deed
—
Sep 2, 2004
—
16 E 46 Corp
16 E 46 St Prop LLC
Quit Claim Deed
related
—
—
—
E 46 Group LLC
—
Deed Of Trust
related
$947,048 · Manufacturers & Traders Trust
—
—
E 46 Group|east 46 Hotel LLC
—
Deed Of Trust
related
$1,074,502 · Sterling Nat'l Bk
—
—
E 46 Group LLC
—
Loan Modification
related
$15,400,000 · Sterling Nat'l Bk
—
—
E 46 Group LLC
—
Deed Of Trust
related
$4,500,000 · Brooklyn Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16 46th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
