Entity Owned Property summary
AI-generated overview
This exceptional Class A industrial flex space at 1891 Park Avenue in New York City offers 13,328 square feet of versatile space, perfect for a variety of businesses. Built in 1910 and extensively renovated in 2004, the three-story building boasts high ceiling heights throughout, providing ample room for operations and storage. The property features convenient access with two curb cuts and one loading dock, ensuring efficient loading and unloading. Situated on an approximate 4,000 square foot lot, this single-tenant property is located in New York County, NY, zip code 10035. Its strategic location offers easy access to public transportation, with close proximity to the 6 train and the Metro-North Railroad 125th Street stop. The property is zoned M1-2, providing flexibility for various industrial and commercial uses. This well-maintained building presents a rare opportunity to acquire a prime industrial space in a highly desirable location within New York City. The combination of its size, features, and convenient location makes this property an exceptional investment opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1910
Total area
16,000 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-2
APN
01777-0070
UPID
US63-2840612
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
since 2004
1 recorded transaction
Zoning & alternative use
M1-2 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$305k
Value range
$275k – $336k
±10% around blend
Estimated value / SF
$19 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$275k
blend $305k
$336k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,000 SF
Lot area
0.09 ac
Year built
1910
Stories
3
APN
01777-0070
Zoning
M1-2
Assessed value
$567,900
Annual tax
$60,152
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.34M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.71M
@ 6.5% CAP return
$4.34M
@ 7% CAP return
$4.03M
4
Sales comparison
Partial preview
Sales approach indication
$3.87M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.3 mi away · 15,000 SF
4.2 mi away · 12,700 SF
4.3 mi away · 12,500 SF
5.4 mi away · 20,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$305k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 49 sales
$817
-98%
County 49 sales
$817
-98%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $19/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$568k
Move the market yield to see immediate price impact.
Value / SF
$35
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$36k
$716k
$511k
$398k
$40k
$795k
$568k
$442k
$44k
$875k
$625k
$486k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.40M
2.2 mi · Feb 2026 · $160/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$60,152
Tax year 2024
Assessed value
$567,900
Assessed 2024
Previous assessed
$548,730
+3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$54,000
Assessed improvement
$513,900
Land market value
$120,000
Improvement market value
$1,273,000
Total market value
$1,393,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
16,000 SF
Lot
0.09 ac (4,000 SF)
Zoning code
M1-2
APN
01777-0070
UPID
US63-2840612
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · New York, NYZoning M1-2 · permitted uses
M1-2 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-2
Jurisdiction
New York, NY
Recorded code
M1-2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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