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Property profile & analytics
OFF-MARKET
Estimated value
$29,250,000
Assisted living facilities
214 Houston St New York, NY 10014-4846
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2250804
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Total area
64,260 SF
Lot
0.25 ac (11,053 SF)
Zoning code
R6
APN
00528-0012
UPID
US63-2250804
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
-
Dr. Mayimuna Y. Pettiford Physician Medical Clinic
-
West Village Rehabilitation & Nursing Center Rehabilitation Center
-
Village Nursing Home: Saubermann Beth A Employment Agency
-
Keran Sevenise Hill Physician
-
Caryn Mark Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.25M
Owner & transaction history
Village Acquisition II, LLC · 1 yrs held
Village Acquisition II, LLC
since 2024
Last sale
$29.8M
7 recorded transactions
Zoning & alternative use
R6 · 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
$28,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,760,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$17,760,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$29.25M
Range $26.33M – $32.18M · ±10% · vs last sale $29.75M (Sep 11 2023)
Last sale anchor
$29.75M
Sep 11 2023
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
$455 / 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
$1,271,542
Tax year 2024
Assessed value
$12,004,740
Assessed 2024
Previous assessed
$12,264,750
-2.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$913,500
Assessed improvement
$11,091,240
Land market value
$2,030,000
Improvement market value
$25,786,000
Total market value
$27,816,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
64,260 SF
Lot
0.25 ac (11,053 SF)
Zoning code
R6
APN
00528-0012
UPID
US63-2250804
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · New York, NY
Zoning R6 · permitted uses
R6 · 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
WAREHOUSE, STORAGE
Est. value
$21.8M
RETAIL STORES
Est. value
$17.8M
WAREHOUSE, STORAGE
RETAIL STORES
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
2009
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Village Acquisition II, LLC
Entity
Mailing address
225 CROSSWAYS PARK DR, WOODBURY, NY 11797-2083
Ownership since
2024
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
Aug 19, 2024
—
Village Acquisition II, LLC
Village Acquisitions II, LLC
Correction Deed
related
—
Sep 11, 2023
$29,750,000
Village Acquisition II, LLC
Village Center For Care
Deed
$25,287,500 · Bank Of America F.a.
Dec 31, 2007
—
Village Center For Care
—
Grant Deed
related
$34,820,916 · Bank Of America
Nov 8, 2007
$8,250,000
Village Center For Care
Village Care Of New York INC
Grant Deed
related
—
Jul 25, 2005
$5,750,000
Village Care Of New York INC
Lurose Realty Corp
Grant Deed
—
—
—
Village Center For Care
—
Deed Of Trust
related
$15,805,000 · Build Nyc Resource Corp
—
—
Village Center For Care
—
Deed Of Trust
related
—
—
—
Lurose Realty Corp
—
Deed Of Trust
related
$499,000 · Independence Community 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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