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Property profile & analytics
FOR SALE
Investment properties
179 Sullivan St, New York, NY 10012
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-4815636
For Sale
1 / 24
$18,750,000
179 Sullivan St, New York, NY 10012
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
7,150 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00525-0005
UPID
US63-4815636
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
-
Dr. Todd M. McNiff, MD Physician
-
Dr. Chloe Godwin Gorga Physician
-
Murray Orbuch, MD Physician
-
SoHo Gastroenterology: Murray Orbuch, MD Physician
-
Sullivan Street Medical Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Lupo LLC · 20 yrs held
Lupo LLC
since 2005
7 recorded transactions
Zoning & alternative use
R7-2 · 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%
$3,800,000
6.5%
$3,505,000
7%
$3,255,000
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±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
$369 / 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
$102,145
Tax year 2024
Assessed value
$817,028
Assessed 2024
Previous assessed
$779,533
+4.8% YoY
Effective rate
12.50%
On assessed value
Assessed land
$141,774
Assessed improvement
$675,254
Land market value
$835,000
Improvement market value
$3,977,000
Total market value
$4,812,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1900
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
7,150 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00525-0005
UPID
US63-4815636
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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
4
Buildings
1
Units
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lupo LLC
Entity
Mailing address
179 SULLIVAN ST, NEW YORK, NY 10012-2545
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
—
Lupo LLC
—
Deed
related
$805,716 · First Republic Bank
Dec 27, 2005
$2,350,000
Lupo LLC
Washington Sq War Veterans INC
Grant Deed
—
—
—
Lupo LLC
—
Deed Of Trust
related
$698,707 · Bcb Community Bank
—
—
Lupo LLC
—
Deed Of Trust
related
$621,085 · Citibank NA
—
—
Lupo LLC
—
Deed Of Trust
related
$3,300,000 · Citibank NA
—
—
Lupo LLC
—
Deed Of Trust
related
$3,750,000 · Bcb Community Bank
—
—
Lupo LLC
—
Loan Modification, Consolidation And Extension
related
$4,500,000 · First Republic Bk
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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