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Property profile & analytics
OFF-MARKET
Estimated value
$4,410,000
Retail residential properties
2111 Frederick Douglass Blvd New York, NY 10026-2301
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2701231
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
11,795 SF
Lot
0.06 ac (2,542 SF)
Zoning code
R8A
APN
01848-0012
UPID
US63-2701231
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
-
Tribeca Pediatrics Pediatrician Medical Clinic
-
Antje Feder Pediatrician Medical Clinic
-
Nadwa Ibrahim Pediatrician Medical Clinic
-
Michel Cohen Pediatrician Medical Clinic
-
Ms. Dominika Wittek Hospital Children's Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
$5.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.41M
Owner & transaction history
114th Affordable Housing LLC · 5 yrs held
114th Affordable Housing LLC
since 2020
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
R8A · 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
$4,410,000
ML approach
$4,335,000
CAP Approach
CAP Return
Estimation
6%
$6,265,000
6.5%
$5,785,000
7%
$5,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,535,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.41M
Range $3.97M – $4.85M · ±10% · vs last sale $4.83M (Nov 5 2020)
Last sale anchor
$4.83M
Nov 5 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
$374 / 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
$9,975
Tax year 2024
Assessed value
$775,350
Assessed 2024
Previous assessed
$762,480
+1.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$40,500
Assessed improvement
$734,850
Land market value
$90,000
Improvement market value
$1,681,000
Total market value
$1,771,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
14
Total area
11,795 SF
Lot
0.06 ac (2,542 SF)
Zoning code
R8A
APN
01848-0012
UPID
US63-2701231
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8A · New York, NYZoning R8A · permitted uses
R8A · 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
OFFICE BUILDING
Est. value
$7.5M
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
14
Lot
0.06 ac
Current owner
From public records · entity-resolved
114th Affordable Housing LLC
Entity
Free & Clear · 5 yrs held
Mailing address
253 W 35TH ST FL #3, NEW YORK, NY 10001-1913
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
109th Affordable Housing LLC
—
Deed
related
$24,217,952 · Signature Bank
Nov 5, 2020
$4,826,178
114th Affordable Housing LLC
2111 Fdb Adt LLC
Deed
—
Aug 7, 2018
—
2111 Fdb Roosevelt LLC
—
Deed
related
$4,875,000 · Signature Bk
Jun 28, 2017
$622,843
2111 Fdb Adt LLC
Lh 2111 Fdb LLC
Deed
—
Aug 22, 2016
—
2111 Fdb Mpph Limited Partnership
—
Deed
related
$650,000 · Signature Bank
Aug 12, 2015
$6,800,000
2111 Fdb Mpph Limited Partnership
L P Morningside Partne I
Deed
$3,250,000 · Signature Bank
—
—
Morningside Partners I LP
—
Loan Modification
related
$5,890,448 · Miscellaneous Govt Agcy
—
—
2111 Fdb Roosevelt LLC
—
Loan Modification
related
$4,875,000 · Signature Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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