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Property profile & analytics
OFF-MARKET
Estimated value
$9,595,000
Retail residential properties
185 Houston St New York, NY 10002
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2792354
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
26,550 SF
Lot
0.11 ac (4,850 SF)
Zoning code
C62A
APN
00417-0056
UPID
US63-2792354
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
-
Good Luck Dry Cleaners (Bike/Boat/Book/etc) Store
-
Zounda Analytics Real Estate Agency
-
Congress House Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.60M
Owner & transaction history
Orchard Houston LLC · 7 yrs held
Orchard Houston LLC
since 2019
5 recorded transactions
Zoning & alternative use
C62A · 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%
$13,940,000
6.5%
$12,865,000
7%
$11,950,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,990,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,365,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$9.60M
Range $8.64M – $10.55M · ±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
$361 / 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
$648,485
Tax year 2024
Assessed value
$5,187,050
Assessed 2024
Previous assessed
$5,125,650
+1.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$589,500
Assessed improvement
$4,597,550
Land market value
$1,310,000
Improvement market value
$10,450,000
Total market value
$11,760,000
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
Off-Market
Year built
1900
Heating
NONE
Buildings
2
Stories
6
Units
35
Total area
26,550 SF
Lot
0.11 ac (4,850 SF)
Zoning code
C62A
APN
00417-0056
UPID
US63-2792354
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · 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
COMMERCIAL (GENERAL) Current
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
COMMERCIAL (GENERAL) Current
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
1900
Heating
NONE
Stories
6
Buildings
2
Units
35
Lot
0.11 ac
Current owner
From public records · entity-resolved
Orchard Houston LLC
Entity
Mailing address
98 CUTTERMILL RD STE 390N, GREAT NECK, NY 11021-3008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 16, 2019
—
Orchard Houston LLC
—
Loan Modification
related
$18,675,000 · Santander Bk NA
—
—
Orchard Houston LLC
—
Deed Of Trust
related
$3,087,525 · Sovereign Bank
—
—
Orchard Houston LLC
—
Loan Modification, Consolidation And Extension
related
$18,051,000 · Santander Bk NA
—
—
Houston Orchard
—
Deed Of Trust
related
$5,080,000 · New York Community Bank
—
—
Orchard Houston LLC
—
Deed Of Trust
related
$12,090,000 · Sovereign 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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