New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Flex space
2212 3rd Ave 3, New York, NY 10035-3535
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1693928
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Total area
11,363 SF
Lot
0.29 ac (12,617 SF)
Zoning code
C4-6
APN
01769-1003
UPID
US63-1693928
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
-
Kennedy Children's Center High School Daycare Center
-
Giovanna Restrepo Physician
-
City Fresh Market Specialty Food Shop Supermarket
-
Hunter Baker Theater Building Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.44M
Owner & transaction history
Genest Properties LLC · 5 yrs held
Genest Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
C4-6 · 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
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$127 / 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
$92,779
Tax year 2024
Assessed value
$875,933
Assessed 2024
Previous assessed
$884,160
-0.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$36,269
Assessed improvement
$839,664
Land market value
$80,598
Improvement market value
$1,972,500
Total market value
$2,053,098
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
1930
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
11,363 SF
Lot
0.29 ac (12,617 SF)
Zoning code
C4-6
APN
01769-1003
UPID
US63-1693928
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-6 · New York, NY
Zoning C4-6 · permitted uses
C4-6 · 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
1930
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Genest Properties LLC
Entity
Mailing address
1769 58TH ST, BROOKLYN, NY 11204-2295
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Genest Properties LLC
—
Deed
related
$5,280,000 · United Farm Family Life Insurance Compan
Nov 14, 2008
—
Genest Properties LLC
—
Deed Of Trust
related
$1,450,000 · Cross River Bank
—
—
122 Associates
—
Deed Of Trust
related
$950,000 · Genest Properties LLC
—
—
Genest Properties LLC
—
Deed Of Trust
related
$400,000 · First Commerce Bank
—
—
Genest Properties LLC
—
Loan Modification, Consolidation And Extension
related
$4,000,000 · First Cmrc Bk
—
—
Genest Properties LLC
—
Deed Of Trust
related
$1,712,310 · First Cmrc Bk
—
—
Genest Properties LLC
—
Deed Of Trust
related
$850,000 · Northern State 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.
Try Rey
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