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Property profile & analytics
OFF-MARKET
Banks
219 Main St, New City, NY 10956-3317
Entity Owned
Free & Clear
Property ID
US63-1992732
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Total area
2,400 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CS
APN
392089 51.7-1-29
UPID
US63-1992732
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
by Request
Owner & transaction history
219 South Main LLC
219 South Main LLC
since 2025
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
CS · New City, 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 City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New City 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
—
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
Property tax & assessments
Assessed value
$230,100
Assessed 2023
Previous assessed
$230,100
+0.0% YoY
Assessed land
$68,200
Assessed improvement
$161,900
Land market value
$90,933
Improvement market value
$215,867
Total market value
$306,800
Applied tax rate
392,001.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,400 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CS
APN
392089 51.7-1-29
UPID
US63-1992732
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CS · New City, NY
Zoning CS · permitted uses
CS · New City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
219 South Main LLC
Entity
Free & Clear · 0 yrs held
Mailing address
70 W GATE RD, SUFFERN, NY 10901-3121
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
$1,575,000
219 South Main LLC
Torsoe Properties INC
Bargain & Sale Deed
—
Nov 22, 2021
—
Torsoe Properties INC
Kenneth J Torsoe
Bargain And Sale Deed
—
Jan 17, 2020
$800,000
Kenneth J Torsoe
Barbour Bruce Trust
Grant Deed
—
Nov 7, 2016
—
Barbour,bruce Trust
Thompson Patricia B Trust
Warranty Deed
—
May 29, 2014
—
Robert Jost
Jost Peter C
Quit Claim Deed
related
—
Sep 15, 2009
—
Barbour Bruce Trust
Barbour Agnes M Trust
Quit Claim Deed
related
—
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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