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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Retail residential properties
1642 Lexington Ave 1648 New York, NY 10029-5329
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3064956
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Total area
21,425 SF
Lot
0.1 ac (4,328 SF)
Zoning code
R7-2
APN
01631-0056
UPID
US63-3064956
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
-
Digital Divas Clothing Supplier
-
El Paso Taqueria East Harlem Restaurant
-
iPhones NYC Mobile Phone Store Electronics & Wireless Store
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Keycafe Shopping Center & Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Lexington Ny Realty LLC · 20 yrs held
Lexington Ny Realty LLC
since 2006
7 recorded transactions
Zoning & alternative use
R7-2 · 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
$36 / 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
$240,395
Tax year 2024
Assessed value
$1,922,850
Assessed 2024
Previous assessed
$1,853,640
+3.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$90,000
Assessed improvement
$1,832,850
Land market value
$200,000
Improvement market value
$4,283,000
Total market value
$4,483,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
6
Units
32
Total area
21,425 SF
Lot
0.1 ac (4,328 SF)
Zoning code
R7-2
APN
01631-0056
UPID
US63-3064956
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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
1915
Heating
NONE
Stories
6
Buildings
1
Units
32
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lexington Ny Realty LLC
Entity
Mailing address
166 MONTAGUE ST, BROOKLYN, NY 11201-3577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Apr 1, 2025
—
Lexington Ny Realty LLC
—
Deed
related
$274,124 · Jpmorgan Chase Bank, N.a.
Mar 14, 2018
—
Lexington Ny Realty LLC
—
Loan Modification, Consolidation And Extension
related
$7,950,000 · New York Com'l Bk
Jul 11, 2014
—
Lexington Ny Realty LLC
—
Loan Modification, Consolidation And Extension
related
$7,700,000 · New York Com'l Bk
Mar 31, 2006
—
Lexington Ny Realty LLC
—
Deed Of Trust
related
$2,733,184 · New York Community Bank
Mar 13, 2006
$8,000,000
Lexington Ny Realty LLC
Prime 1636-1642 Lexington LLC
Grant Deed
—
Feb 1, 2006
—
Prime 233 East 77th LLC
—
Deed Of Trust
related
$1,730,650 · Federal National Mortgage Assn
—
—
Lexington Ny Realty LLC
—
Deed Of Trust
related
$1,186,524 · New York Com'l Bk
—
—
Prime 233 East 77th LLC
—
Deed Of Trust
related
$2,076,672 · Federal National Mortgage Assn
—
—
Prime 352 West 46th LLC
—
Deed Of Trust
related
$4,066,816 · Federal National Mortgage Assn
—
—
Lexington Ny Realty LLC
—
Deed Of Trust
related
$6,334,834 · New York Community Bank
—
—
Lexington Ny Realty LLC
—
Deed Of Trust
related
$6,722,346 · New York Community Bank
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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