Entity Owned Property summary
AI-generated overview
A retail space totaling 3,469 square feet, configured with features suitable for retail use and offering prominent signage opportunities. The space has potential to be expanded to 6,580 square feet through combination with an adjacent store. The property is situated near Union Square, Chelsea, and the West Village.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1929
Total area
40,838 SF
Lot
0.47 ac (20,425 SF)
Zoning code
C62M
APN
00816-0023
UPID
US63-3417868
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department Store
-
Atm
-
Home Appliance Store Rental Equipment Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.79M
Owner & transaction history
since 2012
6 recorded transactions
Zoning & alternative use
C62M · 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 7 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$44.79M
Value range
$40.31M – $49.27M
±10% around blend
Estimated value / SF
$1,097 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
$40.31M
blend $44.79M
$49.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
40,838 SF
Lot area
0.47 ac
Year built
1929
Stories
2
APN
00816-0023
Zoning
C62M
Assessed value
$11,203,520
Annual tax
$1,186,677
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
$7.03M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.3 mi away · 31,000 SF
2.5 mi away · 30,290 SF
3.6 mi away · 41,156 SF
4.9 mi away · 29,171 SF
6.0 mi away · 45,337 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$44.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 74 sales
$1,167
-6%
Submarket 1320 sales
$725
+51%
County 1319 sales
$722
+52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,097/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
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 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$11.20M
Move the market yield to see immediate price impact.
Value / SF
$274
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%
$706k
$14.12M
$10.08M
$7.84M
$784k
$15.68M
$11.20M
$8.71M
$863k
$17.25M
$12.32M
$9.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.48M
1.3 mi · Dec 2025 · $86/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,186,677
Tax year 2024
Assessed value
$11,203,520
Assessed 2024
Previous assessed
$10,377,450
+8.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$5,535,000
Assessed improvement
$5,668,520
Land market value
$12,300,000
Improvement market value
$13,962,000
Total market value
$26,262,000
Applied tax rate
4.0000
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
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1929
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
40,838 SF
Lot
0.47 ac (20,425 SF)
Zoning code
C62M
APN
00816-0023
UPID
US63-3417868
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62M · New York, NYZoning C62M · permitted uses
C62M · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C62M
Jurisdiction
New York, NY
Recorded code
C62M
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.
They do not confirm beneficial ownership or intent to transact.
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