Entity Owned Property summary
AI-generated overview
The property at 1035 Third Avenue is located approximately two blocks north of Bloomingdales and contains more than 53,000 square feet of space configured for retail, office use, and parking garage use. It is situated amid a retail corridor with surrounding businesses including SoulCycle, Equinox, Vineyard Vines, Nike, H&M, and Pottery Barn, and multiple food and entertainment concepts are located within roughly three blocks of the site.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1967
Total area
12,792 SF
Lot
0.46 ac (20,128 SF)
Zoning code
C1-9
APN
01416-1003
UPID
US63-5041832
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
-
Physician Medical Clinic
-
(Bike/Boat/Book/etc) Store
-
Business Management Consultant
-
Physician
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2025
Last sale
$22.0M
2 recorded transactions
Zoning & alternative use
C1-9 · 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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
12,792 SF
Lot area
0.46 ac
Year built
1967
Stories
30
APN
01416-1003
Zoning
C1-9
Assessed value
$1,722,225
Annual tax
$182,418
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$16.63M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.5 mi away · 10,195 SF
1.6 mi away · 10,000 SF
1.9 mi away · 16,518 SF
2.1 mi away · 11,418 SF
2.3 mi away · 10,900 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 496 sales
$2,068
-37%
County 496 sales
$2,068
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,300/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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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$22.00M
Move the market yield to see immediate price impact.
Value / SF
$1,720
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%
$1.39M
$27.72M
$19.80M
$15.40M
$1.54M
$30.80M
$22.00M
$17.11M
$1.69M
$33.88M
$24.20M
$18.82M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$22.23M
1.2 mi · Mar 2026 · $1,789/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$182,418
Tax year 2024
Assessed value
$1,722,225
Assessed 2024
Previous assessed
$1,566,397
+9.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$189,188
Assessed improvement
$1,533,037
Land market value
$420,417
Improvement market value
$4,901,000
Total market value
$5,321,417
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1967
Heating
NONE
Stories
30
Units
1
Total area
12,792 SF
Lot
0.46 ac (20,128 SF)
Zoning code
C1-9
APN
01416-1003
UPID
US63-5041832
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1-9 · New York, NYZoning C1-9 · permitted uses
C1-9 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
30
Units
1
Lot
0.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1-9
Jurisdiction
New York, NY
Recorded code
C1-9
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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