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Property profile & analytics
OFF-MARKET
Estimated value
$22,415,000
Investment properties
2328-2332 Joe Dimaggio Hwy New York, NY 10027
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2973807
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1938
Total area
41,347 SF
Lot
0.79 ac (34,537 SF)
Zoning code
M1-2
APN
02004-0102
UPID
US63-2973807
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
$20.28M
Comparable Approach
Comparable
$20.70M
Blend (final)
Blend
$22.42M
Owner & transaction history
The Trustees Of Columbia Univ In Th · 4 yrs held
The Trustees Of Columbia Univ In Th
since 2022
Last sale
$25.2M
7 recorded transactions
Zoning & alternative use
M1-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$33.8M
+124.3%
Office building
$26.4M
+75.3%
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
$20,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,965,000
6.5%
$20,275,000
7%
$18,830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,065,000
Current use
WAREHOUSE, STORAGE
$33,790,000
Change: +124% · Conversion: Difficult
OFFICE BUILDING
$26,410,000
Change: +75% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,685,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$22.42M
Range $20.17M – $24.66M · ±10% · vs last sale $25.20M (Jan 26 2022)
Last sale anchor
$25.20M
Jan 26 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
$542 / 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
$703,425
Tax year 2024
Assessed value
$7,134,210
Assessed 2024
Previous assessed
$6,618,150
+7.8% YoY
Effective rate
9.86%
On assessed value
Assessed land
$270,000
Assessed improvement
$6,864,210
Land market value
$600,000
Improvement market value
$14,158,000
Total market value
$14,758,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1938
Heating
NONE
Buildings
3
Stories
3
Units
1
Total area
41,347 SF
Lot
0.79 ac (34,537 SF)
Zoning code
M1-2
APN
02004-0102
UPID
US63-2973807
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · New York, NY
Zoning M1-2 · permitted uses
M1-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$15.1M
WAREHOUSE, STORAGE
Est. value
$33.8M
OFFICE BUILDING
Est. value
$26.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.7M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Stories
3
Buildings
3
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
The Trustees Of Columbia Univ In Th
Trust
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$25,200,000
The Trustees Of Columbia Univ In Th
2328 On Twelfth, LLC
Deed
—
Oct 6, 2016
—
Fairway Uptown LLC
—
Deed
related
$4,600,000 · Credit Suisse Ag
Mar 9, 2007
—
Fairway Uptown LLC
—
Deed Of Trust
related
$3,600,000 · Capitalsource Finance LLC
Apr 12, 2006
—
2328 On Twelfth LLC
—
Deed Of Trust
related
$3,098,748 · J P Morgan Chase Bank
Feb 12, 2001
$1,999,000
Salmon Trust
—
Grant Deed
related
—
—
—
Fairway Uptown LLC
—
Deed Of Trust
related
$100,000 · Golub Capital INC
—
—
Fairway Uptown LLC
—
Loan Modification
related
$4,600,000 · Credit Suisse Ag
—
—
2328 On Twelfth LLC
—
Deed Of Trust
related
$2,183,035 · J P Morgan Chase 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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