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Property profile & analytics
OFF-MARKET
Estimated value
$6,590,000
Retail space
18 48th Stcom, New York, NY 10036-1815
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-3892487
Property summary
AI-generated overview
This exceptional Class A office building at 18 East 48th Street in New York City's prestigious Plaza District offers a unique opportunity for businesses seeking flexible and modern workspace. The building totals 13,400 square feet, with 7,800 square feet currently available for lease. Multiple tenancy options are available, accommodating a range of needs from smaller startups requiring 1,300 square feet to larger companies needing up to 3,750 contiguous square feet. The space is adaptable to various business types, suitable for traditional office setups, medical practices, or creative agencies. The building boasts high ceilings measuring 10 feet 11 inches, providing a spacious and comfortable work environment. The convenient location in the Plaza District offers easy access to major transportation hubs, upscale amenities, and a vibrant business community. This is an ideal opportunity to establish a presence in one of Manhattan's most sought-after locations. The property is located at 18 E 48th St, New York, NY 10017. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
7,128 SF
Zoning code
C64.5
APN
01263-1001
UPID
US63-3892487
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
-
Gennady Perepada Real Estate Agency
-
Dr. David S. Dane, DDS Dental Office
-
Cosmetic & Implant Dental Associates Dental Office
-
Dr.Magner DDS. Dental Office
-
Green Kaminer Min & Rockmore LLP Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
June Yoo Corp · 13 yrs held
June Yoo Corp
since 2012
1 recorded transaction
Zoning & alternative use
C64.5 · 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
$9,375,000
Current use
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±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
$925 / 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
$218,975
Tax year 2024
Assessed value
$2,067,362
Assessed 2024
Previous assessed
$2,081,250
-0.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$160,064
Assessed improvement
$1,907,298
Land market value
$355,697
Improvement market value
$4,284,000
Total market value
$4,639,697
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
Year built
2005
Heating
NONE
Buildings
1
Stories
34
Units
1
Total area
7,128 SF
Zoning code
C64.5
APN
01263-1001
UPID
US63-3892487
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64.5 · New York, NY
Zoning C64.5 · permitted uses
C64.5 · 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
RETAIL STORES Current
Est. value
$9.4M
RETAIL STORES 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
2005
Heating
NONE
Stories
34
Buildings
1
Units
1
Current owner
From public records · entity-resolved
June Yoo Corp
Entity
Mailing address
5232 LEITH PL, LITTLE NECK, NY 11362-1818
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2012
$5,500,000
June Yoo Corp
Rc House LLC
Deed Of Trust
$5,000,000 · Noah 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.
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