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Property profile & analytics
OFF-MARKET
Estimated value
$6,505,000
Flex space
2211 Broadway 1E, New York, NY 10024-6264
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-4149168
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1908
Total area
4,801 SF
Zoning code
R10A
APN
01170-1102
UPID
US63-4149168
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
-
J's Cleaners Laundry (Bike/Boat/Book/etc) Store
-
Apthorp Sales Office Condominium Complex Real Estate Rental Agency
-
Concierge Counseling Counselor Mental Health Service
-
Ideal Fit Models Marketing & Advertising Employment Agency
-
Room of My Own Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.93M
Blend (final)
Blend
$6.51M
Owner & transaction history
Apthorp 1e LLC · 13 yrs held
Apthorp 1e LLC
since 2013
7 recorded transactions
Zoning & alternative use
R10A · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,930,000
Current use
Blend value · Realmo final
$6.51M
Range $5.85M – $7.16M · ±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
$1,355 / 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
$106,474
Tax year 2024
Assessed value
$1,005,231
Assessed 2024
Previous assessed
$990,261
+1.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$226,952
Assessed improvement
$778,279
Land market value
$504,337
Improvement market value
$2,065,295
Total market value
$2,569,632
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1908
Heating
NONE
Stories
12
Units
1
Total area
4,801 SF
Zoning code
R10A
APN
01170-1102
UPID
US63-4149168
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10A · New York, NY
Zoning R10A · permitted uses
R10A · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.9M
INDUSTRIAL (GENERAL) Current
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
1908
Heating
NONE
Stories
12
Units
1
Current owner
From public records · entity-resolved
Apthorp 1e LLC
Entity
Mailing address
119 W 23RD ST STE #903, NEW YORK, NY 10011-6342
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 16, 2019
—
Apthorp 1e LLC
—
Loan Modification
related
$6,100,000 · Td Bk NA
Mar 4, 2013
$6,181,500
Apthorp 1e LLC
Apthorp Associates LLC
Grant Deed
—
Mar 4, 2013
—
Apthorp Associates LLC
—
Deed Of Trust
related
$113,230,421 · Macquarie Bank Ltd
Feb 22, 2011
—
Apthorp Assocs LLC
—
Deed Of Trust
related
$49,144,002 · Anglo Irish Bank Corp
Jul 23, 2010
—
Apthorp Assocs LLC
—
Deed Of Trust
related
$218,000,000 · Anglo Irish Bank Corp
—
—
Apthorp 1e LLC
—
Loan Modification, Consolidation And Extension
related
$5,200,000 · Td Bk NA
—
—
Apthrop 1e LLC
—
Deed Of Trust
related
$4,200,000 · Td Bank NA
—
—
Apthorp Associates LLC
—
Deed Of Trust
related
$4,200,000 · Macquarie Bank Ltd
—
—
Apthorp Associates LLC
—
Deed Of Trust
related
$125,000,000 · Macquarie Bank Ltd
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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