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Property profile & analytics
FOR SALE
Retail residential properties
2129 Amsterdam Ave, New York, NY 10032
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-2234033
For Sale
$4,900,000
2129 Amsterdam Ave, New York, NY 10032
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
25,296 SF
Lot
0.12 ac (5,225 SF)
Zoning code
R7-2
APN
02111-0050
UPID
US63-2234033
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
$5.49M
Owner & transaction history
Asal Holding Company LLC · 7 yrs held
Asal Holding Company LLC
since 2018
7 recorded transactions
Zoning & alternative use
R7-2 · 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)
$7,320,000
Current use
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±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
$217 / 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
$151,936
Tax year 2024
Assessed value
$1,215,290
Assessed 2024
Previous assessed
$1,200,370
+1.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$96,750
Assessed improvement
$1,118,540
Land market value
$215,000
Improvement market value
$2,553,000
Total market value
$2,768,000
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
For Sale
Year built
1910
Heating
NONE
Buildings
1
Stories
6
Units
24
Total area
25,296 SF
Lot
0.12 ac (5,225 SF)
Zoning code
R7-2
APN
02111-0050
UPID
US63-2234033
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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
$7.3M
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
1910
Heating
NONE
Stories
6
Buildings
1
Units
24
Lot
0.12 ac
Current owner
From public records · entity-resolved
Asal Holding Company LLC
Entity
Mailing address
2129 AMSTERDAM AVE, NEW YORK, NY 10032-2515
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2018
$8,500,000
Asal Holding Company LLC
2129 Amsterdam Realty LLC
Deed
$5,970 · New York Community Bank
Aug 17, 2018
—
Asal Holding Co
—
Deed
related
$4,470,000 · New York Cmnty Bk
Mar 17, 2015
$5,700,000
2129 Amsterdam Realty LLC
470 West 166th Street LLC
Deed
$2,109,308 · New York Community Bank
Jul 18, 2011
$3,275,000
470 West 166th Street LLC
R & C Realty Co
Grant Deed
—
Jan 18, 2005
$3,200,000
R
Prana Eigth Props LLC
Grant Deed
$418,850 · New York Community Bank
—
—
2129 Amsterdam Realty LLC
—
Loan Modification, Consolidation And Extension
related
$4,495,000 · New York Cmnty Bk
—
—
470 West 166th St LLC
—
Deed Of Trust
related
$2,250,000 · Signature Bank
—
—
470 West 166th Street LLC
—
Deed Of Trust
related
$295,340 · First Republic Bank
—
—
470 West 166th Street LLC
—
Deed Of Trust
related
$2,500,000 · First Republic Bank
—
—
Asal Holding Co
—
Loan Modification
related
$4,470,000 · New York Cmnty 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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