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Property profile & analytics
OFF-MARKET
Estimated value
$13,625,000
Retail residential properties
2023 5th Ave, New York, NY 10035-1503
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1472018
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1940
Total area
58,000 SF
Lot
0.39 ac (16,986 SF)
Zoning code
C4-7
APN
01750-0001
UPID
US63-1472018
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.63M
Owner & transaction history
2033 5th Avenue Investments LLC · 3 yrs held
2033 5th Avenue Investments LLC
since 2022
7 recorded transactions
Zoning & alternative use
C4-7 · 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,880,000
Current use
Blend value · Realmo final
$13.63M
Range $12.26M – $14.99M · ±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
$235 / 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
$322,876
Tax year 2024
Assessed value
$3,048,300
Assessed 2024
Previous assessed
$2,768,850
+10.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$3,048,300
Land market value
$9,055,000
Total market value
$9,055,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1940
Heating
NONE
Stories
3
Total area
58,000 SF
Lot
0.39 ac (16,986 SF)
Zoning code
C4-7
APN
01750-0001
UPID
US63-1472018
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-7 · New York, NY
Zoning C4-7 · permitted uses
C4-7 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$19.9M
COMMERCIAL (GENERAL) Current
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
1940
Heating
NONE
Stories
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
2033 5th Avenue Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1865 PALMER AVE STE #203, LARCHMONT, NY 10538-3037
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
2033 5th Avenue Investments LLC
2033 5th Ave Investor LLC
Deed
—
Jul 13, 2022
—
2033 National Black Theatre Way LLC
—
Deed
related
$6,401,618 · Pccp Credit X Reit-sub Holdco, LLC
Jul 5, 2022
$35,704,988
2033 5th Avenue Investments LLC
2033 5th Ave Investor LLC
Deed
$53,598,381 · Pccp Credit X Reit-sub Holdco, LLC
Oct 6, 2020
$32,000,000
2033 National Black Theatre Wa
Nbt Victory Dev LLC
Grant Deed
—
Feb 27, 2017
$15,453,750
Nbt Victory Development LLC
Harlem Renaissance 2012 LLC
Deed
$7,900,000 · Raza Development Fund, INC
Apr 16, 2012
$10,362,496
Harlem Renaissance 2012 LLC
Nubian Realty LLC
Deed In Lieu Of Foreclosure
—
—
—
Nubian Realty LLC
—
Deed Of Trust
related
$6,500,000 · Sovereign Bank
—
—
Nubian Realty LLC
—
Deed Of Trust
related
$2,026,639 · Sovereign Bank
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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