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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Schools
2285 12th Ave, New York, NY 10027-2316
Trust Owned
4-yr Hold
Free & Clear
Property ID
US63-1841291
Property summary
AI-generated overview
This exceptional retail opportunity presents two vacant suites totaling 2,245 square feet within a vibrant New York City commercial building located at 2285 12th Ave, New York, NY 10027. Situated in New York County, this property offers a flexible layout with a minimum divisible space of 848 square feet and a maximum contiguous space of 1,397 square feet. The building currently features a total of two suites, both of which are currently available for lease. The property's location has experienced significant recent investment in commercial, educational, residential, and retail sectors, contributing to a thriving and high-quality neighborhood. This prime location offers unparalleled access to a diverse and dynamic customer base. The property is categorized as commercial retail with multiple tenancy options, making it ideal for a variety of businesses. This is a rare chance to establish a presence in a rapidly developing area with strong growth potential. The entire 2,245 square feet is currently vacant and ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2019
Total area
478,842 SF
Lot
3.56 ac (154,856 SF)
Zoning code
C6-1
APN
01997-0001
UPID
US63-1841291
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Trustees Of Columbia University In · 4 yrs held
Trustees Of Columbia University In
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
C6-1 · 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
$1,190,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.45M (Jan 19 2022)
Last sale anchor
$1.45M
Jan 19 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
$3 / 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
$247,029
Tax year 2024
Assessed value
$116,611,230
Assessed 2024
Previous assessed
$116,131,950
+0.4% YoY
Effective rate
0.21%
On assessed value
Assessed land
$13,533,600
Assessed improvement
$103,077,630
Land market value
$30,080,000
Improvement market value
$233,311,000
Total market value
$263,391,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
11
Units
6
Total area
478,842 SF
Lot
3.56 ac (154,856 SF)
Zoning code
C6-1
APN
01997-0001
UPID
US63-1841291
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-1 · New York, NY
Zoning C6-1 · permitted uses
C6-1 · 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
2019
Heating
NONE
Stories
11
Buildings
2
Units
6
Lot
3.56 ac
Current owner
From public records · entity-resolved
Trustees Of Columbia University In
Trust
Free & Clear · 4 yrs held
Mailing address
410 W 118TH ST, NEW YORK, NY 10027-7221
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$1,451,612
Trustees Of Columbia University In
New York State Urban Development Co
Deed
—
Apr 6, 2012
$3,579,423
Trustees Of Columbia Univ/city/ne
New York State Urban Dev Corp
Grant Deed
—
Feb 29, 2012
$987,159
Trustees Of Columbia Univ/city/ne
New York State Urban Dev Corp
Grant Deed
—
Feb 23, 2005
$3,875,000
The Trustees Of Columbia Univ Tr
Co-or Realty Corp
Grant Deed
—
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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