Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    161 61st St New York, NY 10023-7400

    • Auto shops
    • 12,350 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3648532
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sarnoff Charles MD / Psychiatrist
    • Patrice Interiors NYC / Interior Designer
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Alfred Condominium / Condominium Complex
    • Modern and Luxurious Apartment / Serviced Apartment

    Property Details for 161 61st St

    Year built
    1987
    Lot size
    0.25 lot acres
    Property size
    12,350 SF
    Zone code
    C4-7
    Property type
    Auto shops
    APN
    01132-0030
    APU
    11320030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9862
    Latitude
    40.7717
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $137,024
    $628,200
    $665,460
    $1,293,660
    -
    $1,396,000
    $1,731,000
    $3,127,000

    Comparable in this City

    • Value Estimation
      $1,140,000
      50,205 SF

      320 Amsterdam Ave, Unit 330

      AUTO REPAIR, GARAGE • 50,205 SF
      320 Amsterdam Ave, New York, NY 10023-8205
      View Details
    • Value Estimation
      $6,930,000
      18,370 SF

      1 Central W Park, Unit 2

      PARKING GARAGE, PARKING STRUCTURE • 18,370 SF
      1 Central W Park, New York, NY 10023-7703
      View Details
    • Value Estimation
      $12,960,000
      31,326 SF

      2148 Broadwaycu-a

      PARKING GARAGE, PARKING STRUCTURE • 31,326 SF
      2148 Broadwaycu-a, New York, NY 10023-8299
      View Details
    • Value Estimation
      $1,475,000
      5,496 SF

      27 72nd Stb

      PARKING GARAGE, PARKING STRUCTURE • 5,496 SF
      27 72nd Stb, New York, NY 10023-3498
      View Details
    • Value Estimation
      $10,580,000
      23,620 SF

      15 Central Park Wgarge

      PARKING GARAGE, PARKING STRUCTURE • 23,620 SF
      15 Central Park Wgarge, New York, NY 10023-7708
      View Details
    • Value Estimation
      $10,820,000
      38,510 SF

      150 End Ave

      PARKING GARAGE, PARKING STRUCTURE • 38,510 SF
      150 End Ave, New York, NY 10023-5702
      View Details

    Similar Nearby for Sale

    • $1,125,000

      Residential Property on West 72nd

      Residential income property for sale in New York, NY.
      121 W 72Nd St, New York, NY 10023
      View Details
    • $2,500,000

      West End Avenue Apartment Building

      Apartment building located on West End Avenue, New York.
      330 W End Ave, New York, NY 10023
      View Details
    • $3,495,000

      West End Avenue Apartment Building

      Apartment building located on West End Avenue, New York.
      263 W End Ave, New York, NY 10023
      View Details
    • $4,750,000

      New York Specialty Property For Sale

      Specialty property available for purchase in New York, NY.
      2 W 67Th St, New York, NY 10023
      View Details
    • $649,000

      Residential Property in New York

      Residential property for sale in New York, NY 10023.
      2025 Broadway 17F, New York, NY 10023
      View Details
    • $1,795,000

      Residential Building in New York

      Residential building for sale in New York, NY.
      18 W 70Th St, New York, NY 10023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,070 SF

      Retail, Office, and Parking Space

      Located near Bloomingdales with retail, office, and parking space.
      200 E 62Nd St, New York, NY 10023
      View Details
    • Contact for pricing
      4,366 SF

      Prime NYC Retail Space - 66th St

      West Side retail, multiple suites available.
      155 66Th St, New York, NY 10023
      View Details
    • Contact for pricing
      522 SF

      Retail Space Near Lincoln Center

      Retail space in vibrant neighborhood, steps from Lincoln Center.
      62 W 62Nd St, New York, NY 10023
      View Details
    • Contact for pricing
      850 SF

      Columbus Avenue Retail Space

      Retail space with glass storefront on the Upper West Side.
      270 Columbus Ave, New York, NY 10023
      View Details
    • $17,000 /Mo
      2,400 SF

      Retail Space Near Medical Facilities

      Two-story retail space with excellent access to medical facilities.
      502 E 74Th St, New York, NY 10023
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Divisible retail spaces available on the Upper West Side.
      400 West 61St St, New York, NY 10023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    161 61st St
    New York, NY 10023-7400
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.