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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Apartment buildings
2093 Madison Ave New York, NY 10037-3489
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-6085926
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
8,825 SF
Lot
0.06 ac (2,400 SF)
Zoning code
R7A
APN
01756-0050
UPID
US63-6085926
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
$4.26M
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Neighborhood Renewal Hsng Dev · 6 yrs held
Neighborhood Renewal Hsng Dev
since 2020
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
R7A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.2M
+51.0%
Commercial (general)
$6.4M
+33.9%
Office building
$5.6M
+18.1%
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
$3,945,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
$4,600,000
6.5%
$4,250,000
7%
$3,945,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,775,000
Current use
WAREHOUSE, STORAGE
$7,210,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,395,000
Change: +34% · Conversion: Moderate
OFFICE BUILDING
$5,635,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $5.77M (Feb 19 2020)
Last sale anchor
$5.77M
Feb 19 2020
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
$447 / 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
$82,723
Tax year 2024
Assessed value
$661,680
Assessed 2024
Previous assessed
$652,090
+1.5% YoY
Effective rate
12.50%
On assessed value
Assessed land
$81,000
Assessed improvement
$580,680
Land market value
$180,000
Improvement market value
$1,351,000
Total market value
$1,531,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
20
Total area
8,825 SF
Lot
0.06 ac (2,400 SF)
Zoning code
R7A
APN
01756-0050
UPID
US63-6085926
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NYZoning R7A · permitted uses
R7A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1900
Heating
NONE
Stories
5
Buildings
1
Units
20
Lot
0.06 ac
Current owner
From public records · entity-resolved
Neighborhood Renewal Hsng Dev
Individual
Mailing address
150 BROADWAY RM #2101, NEW YORK, NY 10038-4484
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
$5,772,000
Neighborhood Renewal Hsng Dev
2093 Madison LLC
Grant Deed
—
Apr 4, 2011
—
77-79 E 125th LLC
—
Deed Of Trust
related
$3,500,000 · Community Hsng Dev Of Ny INC
Mar 30, 2004
$377,500
2093 Madison LLC
2093 Madison Ave Realty Corp
Grant Deed
related
—
—
—
2093 Madison LLC
—
Deed Of Trust
related
$15,882,677 · Customers Bk
—
—
2093 Madison LLC
—
Deed Of Trust
related
$4,000,000 · Signature Bank
—
—
2093 Madison LLC
—
Deed Of Trust
related
$2,000,000 · Signature Bank
—
—
2093 Madison LLC
—
Deed Of Trust
related
$500,000 · Community Housing Dev/ny INC
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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