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Property profile & analytics
OFF-MARKET
Estimated value
$12,485,000
Retail residential properties
220 116th St, New York, NY 10026-2415
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-1955697
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
46,080 SF
Lot
0.24 ac (10,647 SF)
Zoning code
R7A
APN
01831-0043
UPID
US63-1955697
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
-
OUHLALA FASHION INC. Clothing & Fashion Store
-
Jackie Blake Consultant
-
El Barrio’s Car Service Courier Service
-
Morningside Barbers Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.49M
Owner & transaction history
220 West 116 Owner LLC · 10 yrs held
220 West 116 Owner LLC
since 2015
7 recorded transactions
Zoning & alternative use
R7A · 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
$271 / 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
$1,701,540
Assessed 2024
Previous assessed
$1,831,950
-7.1% YoY
Assessed land
$540,000
Assessed improvement
$1,161,540
Land market value
$1,200,000
Improvement market value
$2,883,000
Total market value
$4,083,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
4
Stories
5
Units
41
Total area
46,080 SF
Lot
0.24 ac (10,647 SF)
Zoning code
R7A
APN
01831-0043
UPID
US63-1955697
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NY
Zoning R7A · permitted uses
R7A · 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
5
Buildings
4
Units
41
Lot
0.24 ac
Current owner
From public records · entity-resolved
220 West 116 Owner LLC
Entity
Free & Clear · 10 yrs held
Mailing address
220 W 116TH ST, NEW YORK, NY 10026-2415
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2015
$17,300,000
220 West 116 Owner LLC
Sp West Harlem Property LLC
Grant Deed
—
Jul 21, 2014
$15,450,000
Sp West Harlem Property LLC
116th & 125th Street Props Hol
Grant Deed
$5,154,013 · Investors Bk
Jul 21, 2014
—
Sp West Harlem Property LLC
—
Loan Modification, Consolidation And Extension
related
$6,395,986 · Investors Bk
Nov 27, 2012
$8,800,000
125th Street Props Hol 116th
Hp Properties-west 116th Stree
Grant Deed
$4,078,137 · New York Community Bank
—
—
220 West 116 Owner LLC
—
Loan Modification, Consolidation And Extension
related
$16,100,000 · Signature Bk
—
—
Hp Props-west 116th Street LLC
—
Deed Of Trust
related
$290,000 · Bpd Bank
—
—
Hp Props-west 116th St LLC
—
Deed Of Trust
related
$1,001,390 · New York City (ny)
—
—
Hp Props-west 116th St LLC
—
Deed Of Trust
related
$2,410,000 · Bpd Bank
—
—
Hp Props-west 116th St LLC
—
Deed Of Trust
related
$1,040,610 · New York City (ny)
—
—
116th Hldgs
—
Loan Modification
related
$6,600,000 · 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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