Entity Owned Property summary
AI-generated overview
In New York’s Turtle Bay neighborhood, this historic four-story mixed-use commercial building contains approximately 4,344 square feet of gross leasable area. Built in 1900, it has approximately 21 feet of frontage on an approximately 1,808-square-foot (0.04-acre) lot and is situated on East 49th Street between Second Avenue and Third Avenue, in an area characterized by surrounding residential townhouses and near Grand Central Station. The building includes a renovated ground floor and second-floor office/retail space, along with two residential floors above, and features two separate entrances. It is located in an R8B zoning district and has an estimated maximum buildable area of approximately 7,200 square feet, allowing for potential future mixed-use or residential development.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1910
Total area
4,515 SF
Lot
0.06 ac (2,510 SF)
Zoning code
C6-5
APN
01021-0005
UPID
US63-0776801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Bar & Pub Nightclub
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
since 2023
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
C6-5 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.51M
Value range
$4.95M – $6.06M
±10% around blend
Estimated value / SF
$1,219 / SF
Confidence
Property data
100
Comparable evidence
60
$4.95M
blend $5.51M
$6.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,515 SF
Lot area
0.06 ac
Year built
1910
Stories
1
APN
01021-0005
Zoning
C6-5
Assessed value
$1,498,680
Annual tax
$158,740
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.80M
Move the market yield to see immediate price impact.
Value / SF
$1,285
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$365k
$7.31M
$5.22M
$4.06M
$406k
$8.12M
$5.80M
$4.51M
$447k
$8.93M
$6.38M
$4.96M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$158,740
Tax year 2024
Assessed value
$1,498,680
Assessed 2024
Previous assessed
$1,438,200
+4.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$338,850
Assessed improvement
$1,159,830
Land market value
$753,000
Improvement market value
$2,631,000
Total market value
$3,384,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
4,515 SF
Lot
0.06 ac (2,510 SF)
Zoning code
C6-5
APN
01021-0005
UPID
US63-0776801
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-5 · New York, NYZoning C6-5 · permitted uses
C6-5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C6-5
Jurisdiction
New York, NY
Recorded code
C6-5
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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