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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Retail residential properties
1648 Amsterdam Ave New York, NY 10031-6154
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3217301
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
9,252 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
02073-0033
UPID
US63-3217301
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
-
Mailzone & BG Press - DHL, Authorized Shipping Center, NYC, NY, 10031 Shipping Company Freight Service
-
UPS Access Point location Courier Service Postal Service
-
Scott Mahaffey Architect Architect
-
Mailzone - FedEx Authorized Shipping Center Shipping Company Freight Service
-
CHOA Global Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
Amsterdam Garvey Housing Developmen · 1 yrs held
Amsterdam Garvey Housing Developmen
since 2024
5 recorded transactions
Zoning & alternative use
R7A · 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%
$4,915,000
6.5%
$4,535,000
7%
$4,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,705,000
Current use
OFFICE BUILDING
$5,910,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±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
$438 / 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
$11,499
Tax year 2024
Assessed value
$747,419
Assessed 2024
Previous assessed
$692,055
+8.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$256,989
Assessed improvement
$490,430
Land market value
$502,000
Improvement market value
$958,000
Total market value
$1,460,000
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
1920
Heating
NONE
Buildings
1
Stories
5
Units
9
Total area
9,252 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7A
APN
02073-0033
UPID
US63-3217301
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NY
Zoning R7A · permitted uses
R7A · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
5
Buildings
1
Units
9
Lot
0.06 ac
Current owner
From public records · entity-resolved
Amsterdam Garvey Housing Developmen
Individual
Mailing address
1652 AMSTERDAM AVE, NEW YORK, NY 10031-6166
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$3,354,044
Amsterdam Garvey Housing Developmen
Whga Amsterdam II Associates, LP
Deed
$43,817,868 · Merchants Bank Of Indiana
Jul 16, 2024
—
Amsterdam Garvey Housing Developmen
—
Deed
related
$16,202,419 · The City Of New York
May 11, 2012
—
Amsterdam Whga II
—
Deed Of Trust
related
$2,660,824 · Dept Housing Preservation Dev
—
—
Whga Amsterdam II Associates
—
Deed Of Trust
related
$659,306 · Dept Housing Preservation Dev
—
—
Whga Amsterdam II Associates
—
Deed Of Trust
related
$309,786 · Housing Development 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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