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Property profile & analytics
OFF-MARKET
Estimated value
$5,205,000
Hotels
2 55th St 1135, New York, NY 10022-3103
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0173184
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1903
Total area
1,458 SF
Zoning code
C5-3
APN
01290-1244
UPID
US63-0173184
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
-
Baccarat Restaurant
-
Cha Cha's of Little Italy NYC Cafe & Coffee Shop
-
Men's Cuts NYC.com Barber Shop
-
Thornwillow at the St. Regis Industrial Manufacturer Production Facility
-
Astor Court Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$5.21M
Owner & transaction history
Board Of Directors Of Fifth & Fift · 2 yrs held
Board Of Directors Of Fifth & Fift
since 2024
Last sale
$1,000
7 recorded transactions
Zoning & alternative use
C5-3 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.21M
Range $4.68M – $5.73M · ±10% · vs last sale $1k (Jan 29 2024)
Last sale anchor
$1k
Jan 29 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
$3,570 / 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
$43,285
Tax year 2024
Assessed value
$408,653
Assessed 2024
Previous assessed
$411,265
-0.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$112,092
Assessed improvement
$296,561
Land market value
$249,093
Improvement market value
$679,581
Total market value
$928,674
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1903
Heating
NONE
Stories
20
Units
1
Total area
1,458 SF
Zoning code
C5-3
APN
01290-1244
UPID
US63-0173184
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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
1903
Heating
NONE
Stories
20
Units
1
Current owner
From public records · entity-resolved
Board Of Directors Of Fifth & Fift
Individual
Mailing address
9002 SAN MARCO CT, ORLANDO, FL 32819-8600
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$1,000
Board Of Directors Of Fifth & Fift
Referee Joseph Buono Esq
Deed
—
Jan 26, 2024
$1,000
Board Of Directors Of Fifth & Fift
Referee Roberta Ashkin Esq
Deed
—
Jul 21, 2023
$6,846,231
Interval Leisure Group, INC.
Starwood Hotels & Resorts Worldwide
Deed
—
Mar 10, 2015
$661,368
Svo Residence Club Sales Of New Y
Referee Of Manhattan County|lynn Michael
Trustees Deed
—
May 3, 2011
$410,000
Siamese Twin INC
Colella,giovanni & Vanessa
Grant Deed
—
Mar 29, 2007
$6,400,000
Club New Yo St. Regis Residence
Fifth Avenue Hotel Suites LLC
Grant Deed
related
—
Jun 19, 2006
$72,170,000
Fifth Avenue Hotel Suites LLC
Stregis New York Holdings LLC
Grant Deed
related
—
—
—
Michael Lynn
—
Deed Of Trust
related
$505,000 · St Regis Residence Club New Yo
—
—
Mitchell C Feinman
—
Deed Of Trust
related
$429,000 · St Regis Residence Club New Yo
—
—
St Regis Ny Operating LLC
—
Deed Of Trust
related
—
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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