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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Retail space
172 79th Stcomm New York, NY 10024-6419
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-3557347
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
4,430 SF
Zoning code
R10A
APN
01150-1201
UPID
US63-3557347
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
-
Carlos Turner shopping mall Shopping Center & Mall
-
Ngo's Solutions Big Box & Wholesale Store
-
Silk Elizabeth W Foster Care Service Social Service Agency
-
172 W 79th St LLC Apartment Building
-
Sanders Charlene G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.77M
Owner & transaction history
383 Co LLC · 13 yrs held
383 Co LLC
since 2013
5 recorded transactions
Zoning & alternative use
R10A · 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
RETAIL STORES
$5,825,000
Current use
COMMERCIAL (GENERAL)
$5,635,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±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
$1,076 / 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
$220,013
Tax year 2024
Assessed value
$2,077,166
Assessed 2024
Previous assessed
$2,142,370
-3.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$142,032
Assessed improvement
$1,935,134
Land market value
$315,627
Improvement market value
$5,084,000
Total market value
$5,399,627
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Buildings
1
Stories
19
Units
1
Total area
4,430 SF
Zoning code
R10A
APN
01150-1201
UPID
US63-3557347
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10A · New York, NYZoning R10A · permitted uses
R10A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
19
Buildings
1
Units
1
Current owner
From public records · entity-resolved
383 Co LLC
Entity
Free & Clear · 13 yrs held
Mailing address
59 E 54TH ST RM #51, NEW YORK, NY 10022-9218
Ownership since
2013
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
Jan 4, 2013
$12,200,000
383 Co LLC
172 West 79th Street LLC
Grant Deed
—
Jun 29, 2010
—
105-05 69th Avenue LLC
—
Deed Of Trust
related
$37,083,848 · Anglo Irish Bank Corp
Feb 13, 2008
—
98 Riverside Drive LLC
—
Deed Of Trust
related
$75,000,000 · Anglo Irish Bank Corp Plc
Feb 1, 2008
—
98 Riverside Drive LLC
—
Deed Of Trust
related
$85,000,000 · Anglo Irish Bank Corp Plc
Jan 22, 2008
—
172 West 79th Street LLC
172 West 79th Street Realty
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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