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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Apartment buildings
241 Central W Park, New York, NY 10024-4530
Entity Owned
22-yr Hold
Free & Clear
Property ID
US63-3295961
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
253,749 SF
Lot
0.4 ac (17,550 SF)
Zoning code
R10A
APN
01198-0029
UPID
US63-3295961
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
-
Dr. Miriam Schechner, Clinical Psychologist Physician Medical Clinic
-
Levin Michele Physician Medical Clinic
-
Stern Emily H Physician Medical Clinic
-
Judith E. Williams Foster Care Service Social Service Agency
-
Grossmark Robert Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.51M
Owner & transaction history
241 Central Park West LLC · 22 yrs held
241 Central Park West LLC
since 2004
7 recorded transactions
Zoning & alternative use
R10A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$18 / 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
$2,487,064
Tax year 2024
Assessed value
$19,893,330
Assessed 2024
Previous assessed
$17,533,800
+13.5% YoY
Effective rate
12.50%
On assessed value
Assessed land
$3,883,500
Assessed improvement
$16,009,830
Land market value
$8,630,000
Improvement market value
$40,219,000
Total market value
$48,849,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
20
Units
140
Total area
253,749 SF
Lot
0.4 ac (17,550 SF)
Zoning code
R10A
APN
01198-0029
UPID
US63-3295961
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10A · New York, NY
Zoning R10A · permitted uses
R10A · 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
1931
Heating
NONE
Stories
20
Buildings
1
Units
140
Lot
0.4 ac
Current owner
From public records · entity-resolved
241 Central Park West LLC
Entity
Free & Clear · 22 yrs held
Mailing address
345 PARK AVE STE 3300A, NEW YORK, NY 10154-4101
Ownership since
2004
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
Aug 3, 2022
—
241 Central Park West LLC
—
Deed
related
$7,820,946 · State Farm Mutual Automobile Insurance C
Aug 30, 2017
—
241 Central Park West LLC
—
Loan Modification, Consolidation And Extension
related
$18,000,000 · Miscellaneous Ins Co
Jan 25, 2005
—
241 Central Park West LLC
—
Deed Of Trust
related
$15,000,000 · Prudential Insurance Co
Feb 3, 2004
—
241 Central Park West LLC
Rudin Estates Co
Grant Deed
related
—
—
—
241 Ctrl Park West LLC
—
Deed Of Trust
related
$18,000,000 · Prudential Insurance Co
—
—
241 Central Park West LLC
—
Deed Of Trust
related
$6,177,532 · Prudential Insurance Co
—
—
241 Central Park West LLC
—
Deed Of Trust
related
$16,000,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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