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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Residential income homes
2 16th St New York, NY 10011-6326
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-5751267
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1925
Total area
12,750 SF
Lot
0.09 ac (3,900 SF)
Zoning code
C62M
APN
00817-0055
UPID
US63-5751267
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
-
ANNEKA GAVRIN LMHC Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
2 West 16th Owner LLC · 1 yrs held
2 West 16th Owner LLC
since 2024
5 recorded transactions
Zoning & alternative use
C62M · 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%
$6,650,000
6.5%
$6,135,000
7%
$5,700,000
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±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
$357 / 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
$142,954
Tax year 2024
Assessed value
$1,369,800
Assessed 2024
Previous assessed
$1,088,100
+25.9% YoY
Effective rate
10.44%
On assessed value
Assessed land
$207,000
Assessed improvement
$1,162,800
Land market value
$460,000
Improvement market value
$2,081,000
Total market value
$2,541,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
4
Units
13
Total area
12,750 SF
Lot
0.09 ac (3,900 SF)
Zoning code
C62M
APN
00817-0055
UPID
US63-5751267
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62M · New York, NY
Zoning C62M · permitted uses
C62M · 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.
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
4
Buildings
1
Units
13
Lot
0.09 ac
Current owner
From public records · entity-resolved
2 West 16th Owner LLC
Entity
Mailing address
2 W 16TH ST, NEW YORK, NY 10011-6326
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 21, 2024
$9,100,000
2 West 16th Owner LLC
Vista Real Estate, INC.
Deed
$1,727,820 · Rwc Lending, LLC
May 22, 2017
—
Vista Real Estate INC
—
Loan Modification, Consolidation And Extension
related
$5,200,000 · Cbre Cap Markets
—
—
Vista Real Estate INC
—
Deed Of Trust
related
$3,375,000 · Washington Mutual Fsb
—
—
Vista Real Estate INC
—
Loan Modification
related
$72,263 · J P Morgan Chase Bank
—
—
Vista Real Estate INC
—
Deed Of Trust
related
$2,408,734 · Cbre Cap Markets
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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