Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

242 E 40Th St New York City, NY 10016

FOR SALE
Retail residential properties
Property ID
US63-4112299
4,500 SF 0.04 ac lot Built 1920
Last sale May 2006 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
242 E 40Th St, New York City, NY 10016 For Sale
$3,500,000 4,500 SF
242 E 40Th St, New York City, NY 10016
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$71k
Tax billed · 2024
Assessed value$566k
Assessed land$126k
Assessed improvement$440k
Effective rate12.50%

Value estimate

· Nov 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$270k
Vacancy & credit loss−$40k
Operating expenses−$86k
NOI · 4.10% cap applied$143k

Realmo valuation models over county records and 7 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 comparables7

Cap rate analysis

How does the asset earn?
4.10%
$143k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

242 E 40Th St New York City, NY 10016
County assessor Recorded deeds · 5 transfers 7 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
160-164 28th, New York, NY 10016 $1,570,000 Nov 2024 6,856 SF
125 Lexington, New York, NY 10016-8119 $4,400,000 Oct 2022 5,460 SF
571 3rd, New York, NY 10016-3111 $4,500,000 Jun 2022 5,913 SF
569 3rd, New York, NY 10016-3110 $7,750,000 Jun 2022 6,506 SF
421 3rd, New York, NY 10016-8151 $25,000,000 Feb 2022 6,888 SF
135 Lexington, New York, NY 10016-8155 $875,000 Dec 2021 8,027 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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