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Property profile & analytics
OFF-MARKET
Estimated value
$4,920,000
Super regional malls
1844 Rte 6th 1936, Carmel, NY 10512-2355
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-3130571
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
77,100 SF
Lot
17.77 ac (774,061 SF)
Zoning code
CBP
APN
372000 55.11-1-4
UPID
US63-3130571
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
$5.37M
Blend (final)
Blend
$4.92M
Owner & transaction history
Ub Putnam LLC · 1 yrs held
Ub Putnam LLC
since 2025
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
CBP · Carmel, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.4M
+81.6%
Office building
$4.9M
+65.0%
Industrial (general)
$3.3M
+9.9%
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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
NEIGHBORHOOD: SHOPPING CENTER
$2,965,000
Current use
WAREHOUSE, STORAGE
$5,380,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$4,890,000
Change: +65% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,255,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.92M
Range $4.43M – $5.41M · ±10% · vs last sale $4.69M (Nov 27 2024)
Last sale anchor
$4.69M
Nov 27 2024
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
$64 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$323,259
Tax year 2020
Assessed value
$18,614,200
Assessed 2023
Previous assessed
$18,614,200
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$4,487,500
Assessed improvement
$14,126,700
Land market value
$4,487,500
Improvement market value
$14,126,700
Total market value
$18,614,200
Applied tax rate
372,002.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
PARTIAL
Buildings
4
Stories
1
Total area
77,100 SF
Lot
17.77 ac (774,061 SF)
Zoning code
CBP
APN
372000 55.11-1-4
UPID
US63-3130571
Jurisdiction
PUTNAM
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CBP · Carmel, NY
Zoning CBP · permitted uses
CBP · Carmel, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (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
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
17.77 ac
Current owner
From public records · entity-resolved
Ub Putnam LLC
Entity
Free & Clear · 1 yrs held
Mailing address
321 RAILROAD AVE, GREENWICH, CT 06830-6389
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
$4,694,125
Ub Putnam LLC
Putnam Plaza LLC
Bargain & Sale Deed
—
Dec 5, 2018
—
Ub Putnam LLC
—
Deed
related
$258,909 · Bank Of Ny Mellon
May 3, 2010
$26,800,000
Putnam Plaza LLC
Gandol Realty Corp
Grant Deed
—
—
—
Ub Putnam LLC
—
Deed Of Trust
related
$258,909 · Bank Of Ny Mellon
—
—
Ub Putnam LLC
—
Loan Modification
related
$18,900,000 · Bank Of Ny Mellon
—
—
Putnam Plaza LLC
—
Deed Of Trust
related
$600,000 · Oritani Bank
—
—
Putnam Plaza LLC
—
Deed Of Trust
related
$14,000,000 · Oritani Bank
—
—
Putnam Plaza LLC
—
Deed Of Trust
related
$13,999,900 · Oritani 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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