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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Investment properties
222 79th St New York, NY 10024-6230
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2842481
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
6,207 SF
Lot
0.04 ac (1,839 SF)
Zoning code
R10A
APN
01170-0043
UPID
US63-2842481
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
-
Yorkville Library Public Library
-
Mochi Dolci Restaurant
-
LC Associates Engineering Consultant Energy Equipment And Solutions
-
222 Speakeasy Nightclub Music Venue
-
Absolutely Pilates Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.79M
Owner & transaction history
Castelle Baan, LLC · 4 yrs held
Castelle Baan, LLC
since 2022
Last sale
$5.0M
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
$4,265,000
ML approach
$4,365,000
CAP Approach
CAP Return
Estimation
6%
$3,295,000
6.5%
$3,045,000
7%
$2,825,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,895,000
Current use
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±10% · vs last sale $5.00M (Feb 15 2022)
Last sale anchor
$5.00M
Feb 15 2022
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
$771 / 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
$89,310
Tax year 2024
Assessed value
$475,156
Assessed 2024
Previous assessed
$448,260
+6.0% YoY
Effective rate
18.80%
On assessed value
Assessed land
$353,915
Assessed improvement
$121,241
Land market value
$5,520,000
Improvement market value
$1,891,000
Total market value
$7,411,000
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
6,207 SF
Lot
0.04 ac (1,839 SF)
Zoning code
R10A
APN
01170-0043
UPID
US63-2842481
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
COMMERCIAL (GENERAL) Current
Est. value
$7.9M
COMMERCIAL (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
1910
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Castelle Baan, LLC
Entity
Mailing address
222 W 79TH ST, NEW YORK, NY 10024-6230
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Castelle Baan, LLC
—
Deed
related
$2,044,000 · Empire State Certified Development Corpo
Feb 15, 2022
$5,000,000
Castelle Baan, LLC
Bernard J. Jaffe, Preliminary Execu
Deed
$1,449,457 · Newtek Small Business Finance, LLC
Feb 6, 2019
—
Emil Talel
—
Deed
related
$650,000 · First Republic Bank
Aug 26, 2016
—
Emil Talel
—
Deed
related
$3,000,000 · First Republic Bk
Apr 12, 2007
—
Emil Talel
Talel,emil & Eva
Quit Claim Deed
related
—
—
—
Emil Talel
—
Deed Of Trust
related
$190,779 · Republic Bank
—
—
Emil Talel
—
Deed Of Trust
related
$2,300,000 · New York Commercial Bank
—
—
Emil Talel
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · First Republic Bk
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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