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Property profile & analytics
OFF-MARKET
Estimated value
$23,525,000
Office buildings
22-26 Howard St New York, NY 10013
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2751912
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1915
Total area
53,200 SF
Lot
0.22 ac (9,424 SF)
Zoning code
M15R7X
APN
00233-0030
UPID
US63-2751912
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
$27.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.53M
Owner & transaction history
5 Crosby LLC · 4 yrs held
5 Crosby LLC
since 2021
7 recorded transactions
Zoning & alternative use
M15R7X · 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%
$29,615,000
6.5%
$27,335,000
7%
$25,385,000
Blend value · Realmo final
$23.53M
Range $21.17M – $25.88M · ±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
$442 / 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
$1,063,034
Tax year 2024
Assessed value
$10,036,200
Assessed 2024
Previous assessed
$9,834,000
+2.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$828,000
Assessed improvement
$9,208,200
Land market value
$1,840,000
Improvement market value
$23,340,000
Total market value
$25,180,000
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
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
6
Units
50
Total area
53,200 SF
Lot
0.22 ac (9,424 SF)
Zoning code
M15R7X
APN
00233-0030
UPID
US63-2751912
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R7X · New York, NY
Zoning M15R7X · permitted uses
M15R7X · 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
1915
Heating
NONE
Stories
6
Buildings
1
Units
50
Lot
0.22 ac
Current owner
From public records · entity-resolved
5 Crosby LLC
Entity
Mailing address
375 GREENWICH ST, NEW YORK, NY 10013-2376
Ownership since
2021
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
Dec 16, 2021
—
5 Crosby LLC
5 Crosby Street INC.
Deed
$43,500,000 · Morgan Stanley Bank, N.a.
Dec 1, 2016
—
5 Crosby Street INC
—
Deed
related
$4,500,000 · East West Bk
—
—
5 Crosby Street INC
—
Loan Modification, Consolidation And Extension
related
$24,155,000 · East West Bk
—
—
5 Crosby Street INC
—
Deed Of Trust
related
$19,500,000 · Mega International Com'l Bank
—
—
5 Crosby St INC
—
Deed Of Trust
related
$22,855,626 · Mega International Com'l Bank
—
—
5 Crosby Street INC
—
Deed Of Trust
related
$3,750,000 · Mega International Com'l Bank
—
—
5 Crosby Street INC
—
Deed Of Trust
related
$4,500,000 · East West Bk
—
—
5 Crosby Street INC
—
Deed Of Trust
related
$5,436,620 · Hsbc Realty Credit Corp
—
—
5 Crosby Street INC
—
Deed Of Trust
related
$1,000,000 · Hsbc Realty Credit Corp
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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