Financial
Distress signals
Property profile

232-234 40th St New York, NY 10016

OFF-MARKET
Retail residential properties
Property ID
US63-3903386
20,784 SF 0.13 ac lot Built 1910
Last sale Oct 1998
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$164k
Tax billed · 2024
Assessed value$1.35M
Assessed land$332k
Assessed improvement$1.02M
Effective rate12.14%

Value estimate

· Sep 2026
$4.49M
$4.04M – $4.93M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$687/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$271 – $1,077
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C1-9
This district is designed to provide for local shopping and include a wide range of retail stores and personal service establishments whi...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher7.3
Buffet4.8
Laundromat3.1

Location

232-234 40th St New York, NY 10016
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
398 3rd, New York, NY 10016-8130 $8,000,000 Apr 2024 12,595 SF
579 3rd, New York, NY 10016 $33,100,000 Jan 2024 17,659 SF
114-116 28th, New York, NY 10016 $6,975,000 Jul 2023 22,605 SF
240 28th, New York, NY 10016-8579 $12,000,000 May 2023 17,569 SF
538 3rd, New York, NY 10016-4169 $8,003,688 Feb 2023 26,468 SF
419 3rd, New York, NY 10016-8183 $25,000,000 Feb 2022 12,230 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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