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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Schools
1826-1830 Madison Ave, New York, NY 10035
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-1690622
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1992
Total area
29,723 SF
Lot
0.14 ac (6,069 SF)
Zoning code
R7-2
APN
01745-0055
UPID
US63-1690622
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$645k
Owner & transaction history
Ifh Properties LLC · 14 yrs held
Ifh Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
R7-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+164.8%
Apartment house (5+ units)
$1.0M
+162.8%
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
$390,000
Current use
COMMERCIAL (GENERAL)
$1,030,000
Change: +165% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,020,000
Change: +163% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$22 / 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
Assessed value
$13,648,500
Assessed 2024
Previous assessed
$13,944,150
-2.1% YoY
Assessed land
$379,800
Assessed improvement
$13,268,700
Land market value
$844,000
Improvement market value
$30,781,000
Total market value
$31,625,000
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
1992
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
29,723 SF
Lot
0.14 ac (6,069 SF)
Zoning code
R7-2
APN
01745-0055
UPID
US63-1690622
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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ifh Properties LLC
Entity
Mailing address
1826 MADISON AVE, NEW YORK, NY 10035-3832
Mailing matches property
Yes
Owner-occupied
Yes
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
—
Ifh Properties LLC
—
Deed
related
$2,151,110 · Citibank
Mar 23, 2012
$3,774,000
Ifh Properties LLC
The Institute For Family Health
Deed
$21,696,110 · Td Bank , N.a.
Jul 25, 2011
—
Nghp Holding Corp
North General Hospital
Quit Claim Deed
—
Jul 25, 2011
$3,600,000
Institute For Family Health
Nghp Holding Corp
Quit Claim Deed
—
Jun 23, 2010
—
North General Hospital
—
Deed Of Trust
related
$51,504,580 · Dormitory Authority New York
Apr 26, 2010
—
North General Hospital
—
Deed Of Trust
related
$44,504,870 · Dormitory Authority New York
Feb 9, 2010
—
North General Hospital
—
Deed Of Trust
related
$42,544,870 · Dormitory Authority New York
Oct 30, 2009
—
North General Hospital
—
Deed Of Trust
related
$40,044,870 · Dormitory Authority New York
Sep 8, 2009
—
North General Hospital
—
Deed Of Trust
related
$37,844,870 · New York State
Jul 21, 2009
—
North General Hospital
—
Deed Of Trust
related
$36,844,870 · Dormitory Authority New York
Jun 16, 2009
—
North General Hospital
—
Deed Of Trust
related
$32,974,870 · Dormitory Authority New York
Sep 15, 2008
—
North General Hospital
—
Deed Of Trust
related
$29,474,870 · New York State
Feb 22, 2008
—
North General Hospital
—
Deed Of Trust
related
$25,848,870 · Dormitory Authority New York
Dec 17, 2007
—
North General Hospital
—
Deed Of Trust
related
$23,373,870 · Dormitory Authority New York
Oct 15, 2007
—
North General Hospital
—
Deed Of Trust
related
$19,900,000 · Dormitory Authority New York
Jul 27, 2007
—
North General Hospital
—
Deed Of Trust
related
$3,000,000 · Commerce Bank NA
May 30, 2007
—
North General Hospital
—
Deed Of Trust
related
$13,900,000 · Dormitory Authority New York
—
—
North General Hospital
—
Deed Of Trust
related
$33,844,870 · Dormitory Authority New York
—
—
North General Hospital
—
Deed Of Trust
related
$46,854,580 · New York State
—
—
North General Hospital
—
Deed Of Trust
related
$48,204,580 · Dormitory Authority New York
—
—
Ifh Properties LLC
—
Loan Modification
related
$2,151,110 · Citibank
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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