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Property profile & analytics
OFF-MARKET
Hotels
246 Spg St 4106 New York, NY 10013-1521
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-4182675
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
453 SF
Zoning code
M1-6
APN
00491-1574
UPID
US63-4182675
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
-
Vestry Restaurant
-
Pure Bite Soho Restaurant Take-out & Catering
-
El Ta'Koy Restaurant
-
Mezzanine Restaurant
-
The Dominick Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
246 Spring Street Ny LLC · 6 yrs held
246 Spring Street Ny LLC
since 2019
Last sale
$170.3M
7 recorded transactions
Zoning & alternative use
M1-6 · 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
—
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
$11,255
Tax year 2024
Assessed value
$106,258
Assessed 2024
Previous assessed
$108,423
-2.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$12,749
Assessed improvement
$93,509
Land market value
$28,332
Improvement market value
$221,139
Total market value
$249,471
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Stories
45
Units
1
Total area
453 SF
Zoning code
M1-6
APN
00491-1574
UPID
US63-4182675
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · New York, NY
Zoning M1-6 · permitted uses
M1-6 · 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
2007
Heating
NONE
Stories
45
Units
1
Current owner
From public records · entity-resolved
246 Spring Street Ny LLC
Entity
Mailing address
PO BOX 131237, CARLSBAD, CA 92013-1237
Ownership since
2019
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
Oct 15, 2019
—
246 Spring Street Ny LLC
—
Loan Modification
related
$83,000,000 · Pacific Wstrn Bk
Sep 13, 2010
—
Bayrock Of Sapir Organization LLC
—
Grant Deed
related
$275,000,000 · Academy Nat'l Bk NA
—
—
246 Spring Street Ny LLC
—
Loan Modification, Consolidation And Extension
related
$96,500,000 · Other Institutional Lenders
—
—
246 Spring Street Ny LLC
—
Loan Modification, Consolidation And Extension
related
$90,000,000 · Istar Soho Lender LLC
—
—
246 Spring Street Ny LLC
—
Loan Modification
related
$96,500,000 · Other Institutional Lenders
—
—
246 Spring Street Ny LLC
—
Loan Modification
related
$26,157,915 · 246 Spring Street (soho Ny) B
—
—
246 Spring Street Ny LLC
—
Loan Modification
related
$6,500,000 · 246 Spring Street (soho Ny) B
—
—
246 Spring Street Ny LLC
—
Loan Modification
related
$32,657,915 · 246 Spring Street (soho Ny) B
—
—
Bayrock Organization
—
Deed Of Trust
related
—
—
—
Bayrock & Sapir Organization L
—
Loan Modification
related
—
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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