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Property profile & analytics
OFF-MARKET
Estimated value
$17,125,000
Retail space
195 Houston St RTL2 New York, NY 10002-1051
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-5265314
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
20,308 SF
Lot
0.33 ac (14,388 SF)
Zoning code
C44A
APN
00412-1322
UPID
US63-5265314
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
-
Gilda's Club New York City - Food Distribution Center Food Bank Charitable Organization
-
Red Door Community formerly Gilda's Club NYC Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.71M
Blend (final)
Blend
$17.13M
Owner & transaction history
Arg Nyc196orchard LLC · 7 yrs held
Arg Nyc196orchard LLC
since 2019
2 recorded transactions
Zoning & alternative use
C44A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$16.6M
+11.7%
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
$14,860,000
Current use
WAREHOUSE, STORAGE
$16,595,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$12,970,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,230,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$17.13M
Range $15.41M – $18.84M · ±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
$843 / 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
$429,975
Tax year 2024
Assessed value
$4,059,427
Assessed 2024
Previous assessed
$4,014,996
+1.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$443,007
Assessed improvement
$3,616,420
Land market value
$984,461
Improvement market value
$8,270,084
Total market value
$9,254,545
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
2017
Heating
NONE
Stories
11
Units
1
Total area
20,308 SF
Lot
0.33 ac (14,388 SF)
Zoning code
C44A
APN
00412-1322
UPID
US63-5265314
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44A · New York, NYZoning C44A · permitted uses
C44A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.9M
WAREHOUSE, STORAGE
Est. value
$16.6M
OFFICE BUILDING
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (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
2017
Heating
NONE
Stories
11
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Arg Nyc196orchard LLC
Entity
Free & Clear · 7 yrs held
Mailing address
650 5TH AVE FL #30, NEW YORK, NY 10019-6108
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2019
$88,750,000
Arg Nyc196orchard LLC
Mb-reec Houston Prop Owner LLC
Grant Deed
—
Jul 29, 2019
—
Mb-reec Houston Prop Owner LLC
—
Loan Modification
related
$51,000,000 · 196 Orchard Fndg LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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