165 1st Ave New York, NY 10003-2945
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$2.50M
Range $2.25M – $2.75M (±10%)
Property ID
US63-5666853
Property summary
AI-generated overview
This exceptional 10,212 square foot commercial property at 165 1st Ave in New York County presents a unique opportunity for a discerning tenant. Currently configured as a single-tenant space with 2,180 square feet vacant, this building boasts a column-free layout ideal for a variety of uses, including restaurants, convenience stores, or fitness centers. The existing infrastructure, inherited from a former natural health food market, includes a substantial walk-in cooler, three bay sinks, and a restroom, significantly reducing build-out costs for food and beverage operators. The high ceilings (12 feet 2 inches) add to the spacious feel. The property features 200 amps of electrical capacity and readily available gas, making it perfectly suited for a restaurant or similar business requiring substantial power and ventilation. The lot size is 2,325 square feet. The zoning designation is R7A, C1-5. This prime Manhattan location offers excellent visibility and accessibility, making it an attractive investment for any business seeking a high-traffic area. The vacant space provides immediate occupancy potential. The building's existing features represent a significant advantage for a quick and cost-effective setup.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
10,212 SF
Lot
0.05 ac (2,325 SF)
Zoning code
R7A
APN
00452-0036
UPID
US63-5666853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
R7A · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.50M
Value range
$2.25M – $2.75M
±10% around blend
Estimated value / SF
$245 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.25M
blend $2.50M
$2.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,212 SF
Lot area
0.05 ac
Year built
1900
Stories
5
APN
00452-0036
Assessed value
$308,151
Annual tax
$38,525
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$8.83M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.2 mi away · 11,310 SF
0.4 mi away · 7,166 SF
0.4 mi away · 8,133 SF
0.5 mi away · 8,899 SF
0.6 mi away · 9,565 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 91 sales
$846
-71%
Submarket 1320 sales
$725
-66%
County 1319 sales
$722
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $245/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.50M
Move the market yield to see immediate price impact.
Value / SF
$245
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$158k
$3.15M
$2.25M
$1.75M
$175k
$3.50M
$2.50M
$1.95M
$193k
$3.85M
$2.75M
$2.14M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$7.08M
0.1 mi · Feb 2026 · $920/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$38,525
Tax year 2024
Assessed value
$308,151
Assessed 2024
Previous assessed
$308,151
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$86,381
Assessed improvement
$221,770
Land market value
$1,440,000
Improvement market value
$3,697,000
Total market value
$5,137,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
9
Total area
10,212 SF
Lot
0.05 ac (2,325 SF)
Zoning code
R7A
APN
00452-0036
UPID
US63-5666853
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NYZoning R7A · permitted uses
R7A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
9
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R7A
Jurisdiction
New York, NY
Recorded code
R7A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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