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Property profile & analytics
OFF-MARKET
Investment properties
231 116th St New York, NY 10029-1478
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-2978092
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
4,500 SF
Lot
0.05 ac (2,018 SF)
Zoning code
R7D
APN
01666-0014
UPID
US63-2978092
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
-
Outlookglass Hardware & Home Improvement Home Decor Store
-
LOS DOS AMIGOS 116 CORP Restaurant
-
231 W 116st Tenants Association Association Or Organization
-
Don Panchito #2 Food Market Grocery & Convenience Store
-
Beldam Touba Fashion Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Colombia Nunez · 20 yrs held
Colombia Nunez
since 2006
5 recorded transactions
Zoning & alternative use
R7D · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,258
Tax year 2024
Assessed value
$138,041
Assessed 2024
Previous assessed
$127,816
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$12,666
Assessed improvement
$125,375
Land market value
$79,000
Improvement market value
$782,000
Total market value
$861,000
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
4
Units
4
Total area
4,500 SF
Lot
0.05 ac (2,018 SF)
Zoning code
R7D
APN
01666-0014
UPID
US63-2978092
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7D · New York, NY
Zoning R7D · permitted uses
R7D · 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
1910
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Colombia Nunez
Individual
Mailing address
231 E 116TH ST, NEW YORK, NY 10029-1478
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2006
$1,500,000
Colombia Nunez
Spenlean Realty Corp
Grant Deed
$1,050,000 · Countrywide Home Loans INC
May 19, 2004
$650,000
Spenlean Realty Corp
Vaccaro,peter
Grant Deed
related
$487,500 · Bank Of America
—
—
Colombia Nunez
—
Deed Of Trust
related
$33,660 · Countrywide Home Loans INC
—
—
Colombia Nunez
—
Deed Of Trust
related
$1,080,000 · * Other Institutional Lenders
—
—
Colombia Nunez
—
Deed Of Trust
related
$200,000 · Countrywide 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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