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Property profile & analytics
FOR LEASE
Office buildings
215 Park Avenue S New York, NY 10003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1284169
For Lease
1 / 2
$1,965,000
215 Park Avenue S, New York, NY 10003
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1910
Total area
285,213 SF
Lot
0.33 ac (14,273 SF)
Zoning code
C64A
APN
00873-0067
UPID
US63-1284169
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
$1.97M
Owner & transaction history
Cbre, INC. · 1 yrs held
Cbre, INC.
since 2025
7 recorded transactions
Zoning & alternative use
C64A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$7 / 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
$4,197,947
Tax year 2024
Assessed value
$39,633,182
Assessed 2024
Previous assessed
$37,770,390
+4.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$14,400,000
Assessed improvement
$25,233,182
Land market value
$32,000,000
Improvement market value
$64,866,000
Total market value
$96,866,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1910
Heating
NONE
Buildings
1
Stories
20
Units
52
Total area
285,213 SF
Lot
0.33 ac (14,273 SF)
Zoning code
C64A
APN
00873-0067
UPID
US63-1284169
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64A · New York, NY
Zoning C64A · permitted uses
C64A · 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.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
20
Buildings
1
Units
52
Lot
0.33 ac
Current owner
From public records · entity-resolved
Cbre, INC.
Entity
Mailing address
215 PARK AVE S, NEW YORK, NY 10003-1603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 20, 2026
—
Dever Properties LLC
—
Deed
related
$13,000,000 · German American Capital Corporation
Jun 27, 2025
$3,833,836
Cbre, INC.
Industrious National Management Com
Deed
—
May 26, 2006
—
Dever Properties LLC
Dever Properties Nv INC
Quit Claim Deed
related
$38,000,000 · J P Morgan Chase Bank
—
—
Dever Properties LLC
—
Deed Of Trust
related
$50,698,631 · Barclays Bk/plc
—
—
Dever Properties LLC
—
Loan Modification, Consolidation And Extension
related
$50,698,631 · Barclays Bk/plc
—
—
215 Park Avenue South Assocs L
—
Loan Modification
related
$4,750,953 · Valencia Invs Overseas Ltd
—
—
215 Park Avenue South Assocs L
—
Loan Modification
related
$12,200,300 · * Other Institutional Lenders
—
—
Valencia Invs Overseas Ltd
—
Loan Modification
related
$16,951,253 · Barclays Bk/plc
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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