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Property profile & analytics
OFF-MARKET
Estimated value
$6,780,000
Hotels
231-235 8th Ave New York, NY 10011
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-3682777
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1912
Total area
30,948 SF
Lot
0.13 ac (5,700 SF)
Zoning code
C16A
APN
00745-0040
UPID
US63-3682777
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
by Request
CAP Approach
CAP
$6.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.78M
Owner & transaction history
300 West 22 Realty LLC · 14 yrs held
300 West 22 Realty LLC
since 2012
7 recorded transactions
Zoning & alternative use
C16A · 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%
$6,620,000
6.5%
$6,110,000
7%
$5,675,000
Blend value · Realmo final
$6.78M
Range $6.10M – $7.46M · ±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
$219 / 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
$656,197
Tax year 2024
Assessed value
$6,195,217
Assessed 2024
Previous assessed
$5,865,300
+5.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$4,395,217
Land market value
$4,000,000
Improvement market value
$10,205,000
Total market value
$14,205,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1912
Heating
NONE
Buildings
1
Stories
5
Units
83
Total area
30,948 SF
Lot
0.13 ac (5,700 SF)
Zoning code
C16A
APN
00745-0040
UPID
US63-3682777
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C16A · New York, NY
Zoning C16A · permitted uses
C16A · 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
1912
Heating
NONE
Stories
5
Buildings
1
Units
83
Lot
0.13 ac
Current owner
From public records · entity-resolved
300 West 22 Realty LLC
Entity
Mailing address
419 LAFAYETTE ST FL #5, NEW YORK, NY 10003-7033
Ownership since
2012
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
Apr 25, 2019
—
300 West 22 Realty LLC
—
Deed
related
$2,334,311 · 300 West 22nd Chelsea 1 LLC
Apr 9, 2012
—
300 West 22 Realty LLC
300 West 22 Retail LLC
Quit Claim Deed
$22,000,000 · Natixis Real Estate Capital
Mar 8, 2007
$16,030,998
300 West 22 Realty LLC
Meinwald,lawrence
Grant Deed
$15,860,556 · Marathon Structured Fin Fu
—
—
300 West 22 Realty LLC
—
Deed Of Trust
related
$2,334,311 · 300 West 22nd Chelsea 1 LLC
—
—
300 West 22 Realty LLC
—
Loan Modification, Consolidation And Extension
related
$29,300,000 · Ladder Cap Fin
—
—
300 West 22 Realty LLC
—
Deed Of Trust
related
$7,300,000 · Ladder Cap Fin
—
—
Lawrence Meinwald
—
Deed Of Trust
related
$398,035 · Chase Manhattan 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.
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