212 52nd St New York, NY 10022-6083
Individually Owned
7-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.29M
Range $2.06M – $2.52M (±10%)
Property ID
US63-6223283
Property summary
AI-generated overview
This exceptional four-story Class A apartment building, located at 212 E 52nd St in Manhattan's desirable East Side (zip code 10022), presents a compelling investment opportunity. Built in 1900 and extensively renovated in 2018, this property boasts 6,400 square feet of net rentable space across four units, currently enjoying 100% occupancy. The building features an elevator and a partial basement, adding to its functionality and appeal. All units are under net lease agreements with over five years remaining, ensuring consistent income. Tenants are responsible for all utilities. The property's strong financial performance is highlighted by a net operating income (NOI) of $294,493 and a 4.3% capitalization rate. Annual expenses total $144,203. The lot size is 2,007 square feet (20' x 100.42'), and the building dimensions are 20' x 96'. Significant value is added by available air rights totaling 1,630 square feet, offering potential for future expansion under the R8B permitted zoning. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The asking price is $6,750,000.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Total area
6,400 SF
Lot
0.05 ac (2,008 SF)
Zoning code
R8B
APN
01325-0047
UPID
US63-6223283
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
-
Nightclub DJ & Entertainment
-
Association / Organization Restaurant
-
Nightclub Theater & Performing Art Venue
-
Restaurant
-
Nightclub Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
R8B · 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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.29M
Value range
$2.06M – $2.52M
±10% around blend
Estimated value / SF
$358 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.06M
blend $2.29M
$2.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,400 SF
Lot area
0.05 ac
Year built
1900
Stories
3
APN
01325-0047
Assessed value
$1,245,340
Annual tax
$106,481
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.40M
@ 6.5% CAP return
$3.14M
@ 7% CAP return
$2.92M
4
Sales comparison
Partial preview
Sales approach indication
$6.05M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 6,803 SF
1.1 mi away · 5,166 SF
1.1 mi away · 7,822 SF
1.3 mi away · 7,800 SF
1.6 mi away · 7,975 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$774
-54%
Submarket 1320 sales
$725
-51%
County 1319 sales
$722
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $358/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$1.25M
Move the market yield to see immediate price impact.
Value / SF
$195
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%
$78k
$1.57M
$1.12M
$872k
$87k
$1.74M
$1.25M
$969k
$96k
$1.92M
$1.37M
$1.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$6.70M
0.2 mi · Dec 2025 · $1,008/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$106,481
Tax year 2024
Assessed value
$1,245,340
Assessed 2024
Previous assessed
$1,158,300
+7.5% YoY
Effective rate
8.55%
On assessed value
Assessed land
$540,000
Assessed improvement
$705,340
Land market value
$1,200,000
Improvement market value
$1,034,000
Total market value
$2,234,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
6,400 SF
Lot
0.05 ac (2,008 SF)
Zoning code
R8B
APN
01325-0047
UPID
US63-6223283
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NYZoning R8B · permitted uses
R8B · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R8B
Jurisdiction
New York, NY
Recorded code
R8B
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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