New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Flex space
241 57th St 6, New York, NY 10019-2121
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0788301
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1927
Total area
22,634 SF
Zoning code
C5-3
APN
01029-1006
UPID
US63-0788301
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
-
MinuteClinic at CVS Medical Clinic
-
CVS Pharmacy Pharmacy
-
CVS Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Santander Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$3.32M
Owner & transaction history
Columbus Circle LLC Series A · 7 yrs held
Columbus Circle LLC Series A
since 2018
7 recorded transactions
Zoning & alternative use
C5-3 · 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
$3.32M
Range $2.99M – $3.65M · ±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
$147 / 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
$420,169
Tax year 2024
Assessed value
$3,966,853
Assessed 2024
Previous assessed
$3,971,205
-0.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$611,636
Assessed improvement
$3,355,217
Land market value
$1,359,191
Improvement market value
$8,207,626
Total market value
$9,566,817
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
1
Stories
25
Units
1
Total area
22,634 SF
Zoning code
C5-3
APN
01029-1006
UPID
US63-0788301
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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
1927
Heating
NONE
Stories
25
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Columbus Circle LLC Series A
Entity
Mailing address
3 COLUMBUS CIR FL #23, NEW YORK, NY 10019-8715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
—
Columbus Circle LLC Series A
3 Columbus Circle LLC
Quit Claim Deed
related
—
Sep 27, 2012
—
3 Columbus Circle LLC
—
Grant Deed
related
$260,000,000 · Bank Of China
Apr 22, 2011
—
3 Columbus Circle LLC
Devash LLC
Trustees Deed
$10,000,000 · Bank Of China
Feb 10, 2011
—
Devash LLC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bank Trust Co America
Apr 5, 2006
—
Devash LLC
—
Deed Of Trust
related
$250,000,000 · Wachovia Bank NA
Apr 9, 2004
—
Devash LLC
—
Deed Of Trust
related
$35,000,000 · Co-capital LLC
—
—
3 Columbus Circle LLC
—
Loan Modification, Consolidation And Extension
related
$350,000,000 · German American Cap
—
—
3 Columbus Circle LLC
—
Deed Of Trust
related
$120,420,248 · German American Cap
—
—
Devash LLC
—
Deed Of Trust
related
$225,056 · Deutsche Bank Trust Co America
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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