2275 3Rd Ave New York, NY 10035
Retail residential properties
Google Maps
Entity Owned
8-yr Hold
~
Est. High Equity
For Lease
1 / 2
Contact for pricing
2275 3Rd Ave, New York, NY 10035
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Estimated value (blended)
$250k
Range $225k – $275k (±10%)
Property ID
US63-5871940
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
4,048 SF
Lot
0.05 ac (2,225 SF)
Zoning code
C4-6
APN
01788-0049
UPID
US63-5871940
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Production Facility Textile Manufacturer
-
Home Appliance Store
-
High School
-
Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
C4-6 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 90 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$250k
Value range
$225k – $275k
±10% around blend
Estimated value / SF
$62 / SF
Confidence
High
90 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$225k
blend $250k
$275k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,048 SF
Lot area
0.05 ac
Year built
1900
Stories
3
APN
01788-0049
Assessed value
$375,390
Annual tax
$39,761
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$39,761
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.79M
Weighted, 20 comps · high confidence
Evidence
90 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 4,916 SF
2.2 mi away · 3,330 SF
2.6 mi away · 5,260 SF
3.1 mi away · 4,500 SF
3.3 mi away · 4,005 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$250k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$343
-82%
Submarket 1320 sales
$725
-91%
County 1319 sales
$722
-91%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $62/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 90 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
104,376.67%
Selected cap rate for this retail residential properties
Derived from the New York market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$31k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$29
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
104,376.17%104,376.67%104,377.17%
$28k
$27
$27
$27
$31k
$30
$29
$29
$34k
$32
$32
$32
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
90 found
High confidence · county-verified
Closest comparable
$640k
1.0 mi · Feb 2026 · $200/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$39,761
Tax year 2024
Assessed value
$375,390
Assessed 2024
Previous assessed
$370,710
+1.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$200,250
Assessed improvement
$175,140
Land market value
$445,000
Improvement market value
$493,000
Total market value
$938,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
1900
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
4,048 SF
Lot
0.05 ac (2,225 SF)
Zoning code
C4-6
APN
01788-0049
UPID
US63-5871940
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-6 · New York, NYZoning C4-6 · permitted uses
C4-6 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C4-6
Jurisdiction
New York, NY
Recorded code
C4-6
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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