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Property profile & analytics
FOR LEASE
Retail residential properties
175 W 85Th St, New York, NY 10024
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-3144625
For Lease
1 / 3
$3,715,000
175 W 85Th St, New York, NY 10024
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
20,370 SF
Lot
0.07 ac (3,065 SF)
Zoning code
C27A
APN
01216-0001
UPID
US63-3144625
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
-
175 West 85th Street Apartments Apartment Building
-
Manhattan Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
175 West 85 Realty LLC · 15 yrs held
175 West 85 Realty LLC
since 2011
5 recorded transactions
Zoning & alternative use
C27A · 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
$182 / 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
$399,268
Tax year 2024
Assessed value
$3,193,634
Assessed 2024
Previous assessed
$3,173,568
+0.6% YoY
Effective rate
12.50%
On assessed value
Assessed land
$688,500
Assessed improvement
$2,505,134
Land market value
$1,530,000
Improvement market value
$5,933,000
Total market value
$7,463,000
Applied tax rate
2.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
1900
Heating
NONE
Buildings
1
Stories
7
Units
46
Total area
20,370 SF
Lot
0.07 ac (3,065 SF)
Zoning code
C27A
APN
01216-0001
UPID
US63-3144625
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C27A · New York, NY
Zoning C27A · permitted uses
C27A · 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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
7
Buildings
1
Units
46
Lot
0.07 ac
Current owner
From public records · entity-resolved
175 West 85 Realty LLC
Entity
Mailing address
145 HUGUENOT ST STE #503, NEW ROCHELLE, NY 10801-5236
Ownership since
2011
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
Apr 5, 2019
—
175 West 85 Realty LLC
—
Deed
related
$1,500,000 · Deutsche Bank Trust Company Americas
Mar 28, 2011
$13,000,000
175 West 85 Realty LLC
Touro College
Deed
$7,348,986 · Deutsche Bank Trust Company America
Mar 28, 2011
—
175 West 85 Realty LLC
—
Deed Of Trust
related
$9,750,000 · Deutsche Bank Trust Co America
Nov 15, 2010
—
Touro College
—
Deed Of Trust
related
$9,579,600 · J P Morgan Chase Bank
—
—
Touro College
—
Deed Of Trust
related
$2,690,313 · Sterling National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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