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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Retail space
235 Cherry St 247 New York, NY 10002-7803
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-1056293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
11,800 SF
Lot
0.27 ac (11,800 SF)
Zoning code
C6-4
APN
00248-0076
UPID
US63-1056293
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
-
FireStrike Extinguisher Inspection of Manhattan Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$3.39M
Owner & transaction history
Two Bridgeset Hsng Dev Fund Co · 17 yrs held
Two Bridgeset Hsng Dev Fund Co
since 2009
7 recorded transactions
Zoning & alternative use
C6-4 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$287 / 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
$180,543
Tax year 2024
Assessed value
$1,704,520
Assessed 2024
Previous assessed
$1,649,350
+3.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$751,500
Assessed improvement
$953,020
Land market value
$1,670,000
Improvement market value
$2,663,000
Total market value
$4,333,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
11,800 SF
Lot
0.27 ac (11,800 SF)
Zoning code
C6-4
APN
00248-0076
UPID
US63-1056293
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NYZoning C6-4 · permitted uses
C6-4 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Two Bridgeset Hsng Dev Fund Co
Entity
Mailing address
235 CHERRY ST, NEW YORK, NY 10002-7803
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2019
—
2bt Housing Dev Fund Corp
—
Loan Modification
related
$15,335,048 · Miscellaneous Govt Agcy
Dec 16, 2016
—
Little Cherry LLC
—
Deed
related
$975,000 · New York Cmnty Bk
Apr 25, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$550,000,000 · Us Bank NA
Mar 13, 2012
—
Two Bridgeset Assocs LP
—
Deed Of Trust
related
$15,647,979 · Dept Housing Preservation Dev
Jan 7, 2009
—
Two Bridgeset Hsng Dev Fund Co
Two Bridgeset Associates
Quit Claim Deed
—
—
—
Little Cherry LLC
—
Deed Of Trust
related
$4,900,000 · New York Commercial Bank
—
—
Little Cherry LLC
—
Loan Modification
related
$975,000 · New York Cmnty Bk
—
—
Little Cherry LLC
—
Deed Of Trust
related
$4,900,000 · New York Community Bank
—
—
Little Cherry LLC
—
Deed Of Trust
related
$3,173,012 · New York Community Bank
—
—
Little Cherry LLC
—
Deed Of Trust
related
$4,900,000 · New York Community 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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