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Property profile & analytics
OFF-MARKET
Schools
165 57th St New York, NY 10019-2201
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-3805698
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1916
Total area
23,759 SF
Lot
0.09 ac (3,930 SF)
Zoning code
C6-6
APN
01010-0005
UPID
US63-3805698
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
-
IESE Business School - New York Vocational School Training Center
-
Wolverton Joseph Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
165 W 57 LLC · 16 yrs held
165 W 57 LLC
since 2009
7 recorded transactions
Zoning & alternative use
C6-6 · 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
—
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
Assessed value
$4,022,640
Assessed 2024
Previous assessed
$4,109,850
-2.1% YoY
Assessed land
$1,665,000
Assessed improvement
$2,357,640
Land market value
$3,700,000
Improvement market value
$5,621,000
Total market value
$9,321,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1916
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
23,759 SF
Lot
0.09 ac (3,930 SF)
Zoning code
C6-6
APN
01010-0005
UPID
US63-3805698
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NYZoning C6-6 · permitted uses
C6-6 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1916
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
165 W 57 LLC
Entity
Mailing address
165 W 57TH ST, NEW YORK, NY 10019-2201
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2011
—
Extell West 57th Street LLC
—
Deed Of Trust
related
$536,887,271 · Bank Of America
Aug 31, 2009
—
165 W 57 LLC
Clover Foundation
Grant Deed
related
—
Nov 29, 2007
$25,000,000
Clover Foundation
Columbia Artists Mgmt INC
Grant Deed
—
Apr 10, 2007
—
Extell West 57th Street LLC
—
Deed Of Trust
related
$159,569,146 · Cse Mortgage LLC
Feb 26, 2007
—
Extell West 57th St LLC
—
Deed Of Trust
related
$5,247,000 · Cse Mortgage LLC
Sep 26, 2006
—
Extell West 57th Street LLC
—
Deed Of Trust
related
$148,051,861 · Cse Mortgage LLC
Jul 14, 2006
—
Extell West 57th Street LLC
—
Deed Of Trust
related
$135,785,029 · Cse Mortgage LLC
May 17, 2006
—
Imico West 57th Street LLC
—
Deed Of Trust
related
$76,653,000 · Ubs Real Estate Investment INC
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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