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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Schools
215 57th St New York, NY 10019-2104
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-3726753
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1875
Total area
33,497 SF
Lot
0.35 ac (15,062 SF)
Zoning code
C5-3
APN
01029-0023
UPID
US63-3726753
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
-
American Fine Arts Society Tour Operator
-
The League's Fine Art Supply Store (Bike/Boat/Book/etc) Store
-
The Art Students League of New York Art Gallery Art School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$730k
Owner & transaction history
Broadway Trio LLC · 20 yrs held
Broadway Trio LLC
since 2006
7 recorded transactions
Zoning & alternative use
C5-3 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+129.4%
Office building
$895,000
+104.8%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$440,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +129% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +105% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$22 / 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
Assessed value
$8,630,910
Assessed 2024
Previous assessed
$8,817,750
-2.1% YoY
Assessed land
$4,905,000
Assessed improvement
$3,725,910
Land market value
$10,900,000
Improvement market value
$9,098,000
Total market value
$19,998,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1875
Heating
NONE
Buildings
1
Stories
4
Units
2
Total area
33,497 SF
Lot
0.35 ac (15,062 SF)
Zoning code
C5-3
APN
01029-0023
UPID
US63-3726753
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NYZoning C5-3 · permitted uses
C5-3 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$895,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
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
1875
Heating
NONE
Stories
4
Buildings
1
Units
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Broadway Trio LLC
Entity
Mailing address
215 W 57TH ST, NEW YORK, NY 10019-2104
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2014
—
Broadway Trio LLC
—
Loan Modification
related
$3,000,000 · Breds II Bt Finco LLC
Feb 13, 2013
—
Broadway Trio LLC
—
Grant Deed
related
$247,284,751 · Hsbc Bank USA
Mar 19, 2010
—
Broadway Trio LLC
—
Deed Of Trust
related
$2,999,646 · Hsbc Bank USA
Apr 26, 2007
—
Broadway Trio LLC
—
Deed Of Trust
related
$256,010,978 · Eurohypo Ag
Dec 26, 2006
—
Broadway Trio LLC
—
Deed Of Trust
related
$250,365,000 · Eurohypo Ag
Oct 11, 2006
—
Broadway Trio LLC
—
Deed Of Trust
related
$239,885,784 · Eurohypo Ag
Sep 19, 2006
—
Broadway Trio LLC
—
Deed Of Trust
related
$215,717,107 · Eurohypo Ag Ny
Jul 12, 2006
—
Broadway Trio LLC
Extell Rock LLC
Deed Of Trust
related
$179,684,048 · Eurohypho Ag
Jun 1, 2006
—
Extell Rock LLC
—
Deed Of Trust
related
$7,700,000 · New York 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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