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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Schools
17 60th St 23, New York, NY 10023-7917
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-3882972
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1921
Total area
76,511 SF
Lot
0.17 ac (7,330 SF)
Zoning code
C4-7
APN
01113-0013
UPID
US63-3882972
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
-
Folkways Records Recording Studio
-
The Shefa School Special Education Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.00M
Owner & transaction history
17 West 60th Street Holder LLC · 12 yrs held
17 West 60th Street Holder LLC
since 2014
7 recorded transactions
Zoning & alternative use
C4-7 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,000,000
Current use
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$13 / 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
Previous assessed
$4,975,200
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
1921
Heating
NONE
Buildings
1
Stories
11
Units
6
Total area
76,511 SF
Lot
0.17 ac (7,330 SF)
Zoning code
C4-7
APN
01113-0013
UPID
US63-3882972
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-7 · New York, NY
Zoning C4-7 · permitted uses
C4-7 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.0M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
1921
Heating
NONE
Stories
11
Buildings
1
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
17 West 60th Street Holder LLC
Entity
Mailing address
805 3RD AVE FL #7, NEW YORK, NY 10022-7586
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
17 West 60th Street Holder LLC
—
Deed
related
$3,730,865 · Ladder Capital Finance LLC
Aug 13, 2021
—
School Shefa
—
Deed
related
$181,200 · Build Nyc Resource Corporation
Nov 6, 2017
—
17 West 60th Street Holder LLC
—
Loan Modification
related
$62,024,187 · Deutsche Bk Ag/ny Branch
Feb 6, 2017
—
23 West 24th Street Owner Ll
—
Loan Modification, Consolidation And Extension
related
$62,024,187 · Deutsche Bk Ag/ny Branch
Dec 6, 2016
—
23 West 24th Street Owner Ll
—
Deed
related
$238,750,000 · Deutsche Bk Ag/ny Branch
Jan 20, 2015
—
155 West 23rd Street Owner L|19 West 24th Street O
—
Loan Modification
related
$399,750,000 · Deutsche Bk Ag/ny Branch
Dec 22, 2014
—
212 Fifth Avenue Owner LLC|155 West 23rd Street Ow
—
Loan Modification, Consolidation And Extension
related
$410,000,000 · Deutsche Bk Ag/ny Branch
Sep 4, 2014
—
212 Fifth Avenue Owner LLC
—
Loan Modification, Consolidation And Extension
related
$410,000,000 · Deutsche Bk Ag/ny Branch
Jan 30, 2014
$30,000,000
17 West 60th Street Holder LLC
17 W 60 LLC
Grant Deed
—
Aug 9, 2013
—
17 West 60th Street Owner LLC
Ring,michael
Grant Deed
—
Feb 13, 2012
—
17 W 60 LLC
Ring,frank
Grant Deed
—
Apr 21, 1998
—
Michael Ring
Ring,michael Trustee
Quit Claim Deed
related
—
—
—
114 East 25th St Holder LLC
—
Loan Modification
related
$315,000,000 · Deutsche Bk
—
—
23 West 24th Street Owner Ll
—
Loan Modification
related
$238,750,000 · Deutsche Bk Ag/ny Branch
—
—
Frank Ring
—
Deed Of Trust
related
$46,481 · Independence Community Bank
—
—
Bk Sovereign
—
Deed Of Trust
related
$2,239,092 · Frank Ring
—
—
114 East 25th St Holder LLC
—
Loan Modification, Consolidation And Extension
related
$410,000,000 · Deutsche Bk
—
—
212 Fifth Avenue Owner LLC
—
Deed Of Trust
related
$95,000,000 · Deutsche Bk Ag/ny Branch
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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